FinanceBoston arranges pre-construction financing for 18-unit condo project

Cambridge, MA FinanceBoston has arranged senior pre-construction financing for an 18-unit luxury condominium project in the East-Cambridge section of the city. The development is located on Cambridge St., a primary thoroughfare providing access to MIT, Kendall Sq. and Cambridge Crossing. The location of this project is part of a mixed-use area, and will provide housing to the severely supply-constrained city. 

“This closing provides the liquidity necessary to complete the engineering and architectural work needed obtain construction permitting,” said Doug Landry, principal at FinanceBoston. “We are looking forward to closing the follow-on construction financing later this year, and breaking ground on the vertical construction.”

FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital solutions for acquisitions, developments and refinances. Founded in 2004, FinanceBoston has earned a loyal client base that continuously relies on the firm’s creative capital advisory solutions for both debt and equity needs.