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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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,