FinanceBoston arranges $2 million bridge financing for vacant retail space in Boston's North End

May 10, 2019 - Financial Digest
North End - Boston, MA

Boston, MA FinanceBoston has arranged $2 million cash out bridge financing for a vacant retail space in the North End. Located near the TD Garden, Government Center and the North End, the property benefits from accessibility and it’s proximity to the revitalization of nearby North Station and Bulfinch Crossing. 

“This closing was completed by leveraging our relationships with local banks to provide a tailored bridge loan for our client,” said Brian Rooney, associate at FinanceBoston. “We’re excited to see the changes our client makes to improve the property and the streetscape.”

mill building - Nashua, NH

In addition, FinanceBoston has arranged institutional joint venture equity and bridge debt to fund the acquisition of an industrial building and associated value-add business plan. 

The strategic equity partnership is predicated on a proven investment thesis and premier local operator. The joint venture equity and debt financing was sourced through strong capital market relationships with a keen focus on finding capital partners with a shared vision and chemistry.

The property is located in downtown Nashua N.H. The 430,000 s/f property is anchored by a strong credit-tenant, Extra Space, with an array of long-term tenants and ample value-add opportunities that leverage the property’s strategic location and operator’s expertise. 

“We are very excited about being able to help our client find a strategic equity partner to support the growth of their unique investment strategy,” said Phil Lisciandra, principal at FinanceBoston. “We are looking forward to seeing their continued success.”

FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital markets solutions for acquisitions, developments and refinances.

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