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Cornerstone Arranges $1.3M In Financing For Boston Multifamily Redevelopment

Mar 9, 2015 | Reprints | Unlock Link | Print

Cornerstone Realty Capital arranged $1.3 for its client 117 Centre Street LLC for the purchase and renovation of a single-family property in Boston.

The property, located in the Fort Hill neighborhood of Boston, will be redeveloped into three three-bedroom units and one four-bedroom unit. Cornerstone delivered an aggressive fixed rate with a 30-year amortization.

"The property is well positioned and the borrower’s extensive experience in the area allowed us to secure the best financing option available in the market," Brett Pagani, senior vice president of Cornerstone, said in a statement.

Commercial