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Cornerstone Realty Capital Arranges $5M Refinance For Allston Apartment Building

Jul 24, 2014 | Reprints | Unlock Link | Print

Cornerstone Realty Capital arranged $5 million in refinancing for a multifamily property in Boston’s Allston neighborhood for its client 36-44 Quint Ave. LP.

The Quint Ave. building contains 46 units including eight studios, 20 one-bedroom units and 18 two-bedroom units. Cornerstone provided a 20-year fixed-rate loan.

"Having worked with the Borrower on numerous occasions in the past we were well aware of their strength and management excellence," Paul Natalizio, principal of Cornerstone Realty Capital, said in a statement. "Our past business relationship with the borrower alongside the property’s superior location in the city of Boston, allowed Cornerstone to exploit the most competitive options and deliver the best loan structure in the market."

Commercial