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Cornerstone Realty Capital Arranges $1M In South Boston Construction Financing

May 20, 2014 | Reprints | Unlock Link | Print

154 Gold St. Cornerstone Realty Capital arranged $1 million in financing for SB Acquisition 1 LLC to build a residential property in South Boston.

The property at 154 Gold St. will be a four-level dwelling with three apartment units. Levels two, three and four will each feature a two-bedroom unit, while the ground level will accommodate a three-car garage. Construction will involve replacing the existing single-family structure with a new building.

"Our familiarity with the borrower’s expertise, combined with the property’s superior location, allowed us to arrange an attractive loan structure that suited our client well," Brett Pagani, senior vice president of Cornerstone, said in a statement.

Commercial