News: Front Section
Posted: May 17, 2019
FinanceBoston arranges $3.4 million senior bridge loan for office/industrial property
South Boston, MA FinanceBoston has arranged a senior bridge loan to fund the refinancing and associated value-add business plan for a well-located urban in-fill city office and industrial property.
The debt financing was sourced through strong capital market relationships with a focus structuring the loan to efficiently fund lease-up costs and additional “earn-out” proceeds upon stabilization of operations.
The well-positioned property is located in close proximity to public transportation and major roadways.
The three-building multi-tenant property sits on 0.22 acres in the Dorchester Ave. corridor.
“Our long-standing client required an efficient capital solution to address their immediate and long-term business plan for the property” said Phil Lisciandra, principal at Boston-based FinanceBoston.
FinanceBoston provides real estate operators and developers with custom equity and debt capital solutions for the acquisition, development and refinance of residential and commercial properties.
Founded in 2004, FinanceBoston has earned a loyal client base that continuously relies on the firm’s creative capital advisory.
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