Cornerstone Realty Capital arranges $2.6 million for South Boston acquisition

1650 Columbia Road - South Boston, MA

South Boston, MA Cornerstone Realty Capital arranged $2.6 million for the acquisition and renovation of two multifamily properties. The properties both are 3 family buildings that will undergo renovations. One property is located at 237 West 3rd St. and the other at 1650 Columbia Rd. Each is in close proximity to much of what the area has to offer including retail, employment, and entertainment spaces.

Tenants of these properties will have access to many entertainment attractions in the neighborhood. Overlooking Old Harbor, residents at 1650 Columbia Rd. have access to The Harborwalk and shoreline linking recreational and cultural attractions throughout the city. The 237 West 3rd St. property is 1 mile from The Lawn on D, a large innovative greenspace area which brings together many residents. Both properties are proximate to the city’s vast public transportation network allowing for an easy commute to South Station and downtown.

237 West 3rd Street - South Boston, MA

Brett Pagani, senior vice president of Cornerstone, said, “The South Boston market continues to generate significant investment interest due to its rising popularity and nearby developments. Both assets provide room for substantial growth due to their location and the borrowers future renovation plans.”

Cornerstone specializes in structuring and sourcing innovative financing for all property types.