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South Boston Apartment Complex Financed For $1.55M

Jul 2, 2015 | Reprints | Unlock Link | Print

Cornerstone Realty Capital has arranged $1.55 million in financing on behalf of UEP Living Two LLC to acquire a property in South Boston.

“The South Boston neighborhood has really proven itself in recent years as one of Boston’s strongest performing markets,” Cornerstone Senior Vice President Brett Pagani said in a statement. “Cornerstone was able to leverage that strength and the Sponsor’s own recognition of quality and expertise to generate interest from a multitude of lenders.”

The property features three three-bedroom apartments that include two bathrooms in each unit.

Banking & Lending