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Cornerstone Realty Capital Arranges $1.8 M Refi For Lynn Property

Nov 26, 2013 | Reprints | Unlock Link | Print

Cornerstone Realty Capital has arranged a $1.8 million loan for its client, Alex Realty Group LLC, to refinance a multifamily building in Lynn.

The three-story 21-unit brick building at 81 Whiting St. is a mix of 15 one-bedroom, 4 two-bedroom and two three-bedroom units. Recent improvements to the building include a new rubber roof, new heating and hot water systems and new windows and exterior doors.

Cornerstone provided a nine year loan term at an aggressive rate with a 30 year amortization for the property.

Commercial & Industrial