News: Financial Digest
Posted: January 7, 2009
Jasie of Pioneer Financial Group closes $1 million construction loan
Pioneer Financial Group, LLC recently placed construction financing in the amount of $1 million on behalf of Modernova Development LLC. Managing member Sean Jasie worked with the borrower in securing the loan.
Pioneer Financial Group worked with a regional private lender in securing the $1 million loan. The borrower purchased the land last year for $200,000. The closing took approximately 21 days to complete from request to funding.
The new building will be one story with underground parking. It will offer 5,000 s/f of retail space. Tenants for the space have already been secured and the city of Boston is very excited about the project.
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