127 Tremont Street Update
127 Tremont Street Refinanced for $7.63M for Luxury Condo Conversion
The developers of 127 Tremont Street have refinanced the top 5 floors of the building for $7,630,000 to complete a luxury condo conversion. The development, located in revitalized Downtown Crossing benefits from direct frontage on Boston Common with amazing views of America's oldest Park toward Beacon Hill. The development team purchased the property in 2017 for $7.8M and subsequently sold the first-floor commercial condo to Linear Retail for $2.6M.
This round of financing was arranged by FinanceBoston, a Boston based real estate capital advisory firm. “This closing was completed by providing a construction loan for our client, midway through the project,“ said Brian Rooney, Associate at Boston-based FinanceBoston. “I am excited to see the final product, and this developer always delivers with top of the line finishes”.