Cornerstone Realty Capital arranged $1.37 million in financing for its client 341-343 W. Broadway LLC for the acquisition of a mixed-use building in Boston.
Located at 341-343 West Broadway in South Boston, the four-story building features seven units, including one 850-square-foot ground floor retail space, two office units and four residential units. The residential units include a one-bedroom, two-bedroom and three-bedroom unit, as well as a penthouse loft.
"Given the property’s location within a solid, strengthening market, as well as the experience of the buyer, we were confident we could deliver an attractive loan structure for our client," Paul Natalizio, president of Cornerstone, said in a statement.
Cornerstone delivered a 10-year term at an aggressive rate with 12 months of interest only, followed by a 30-year amortization.



