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Cornerstone Realty Capital Arranges $1.5M In Financing For Boston Apartments

Apr 24, 2014 | Reprints | Unlock Link | Print

Cornerstone Realty Capital has arranged $1.5 million in financing for its client, GES Development, to build an apartment building in Boston.

The 11-unit apartment building is located at 10 Roxbury St., near Dudley Square. It will feature one studio, five one-bedrooms, two two-bedrooms, two three-bedrooms and one four-bedroom unit. Two of the units will be affordable.

"Given the developer’s superb track record, as well as the project’s excellent location within an improving rental market, we were confident we would be able to deliver the best deal in the marketplace," Brett Pagani, senior vice president of Cornerstone, said in a statement.

Commercial