FinanceBoston is a real estate capital and advisory firm whose core business has expanded dramatically in recent years from one primarily built around commercial real estate loans to a business that provides a full suite of real estate capital and advisory services. Founded in 2004, FinanceBoston was out in front of the globalization trend that’s taking place in real estate investing and development. Since inception, the firm has worked with local developers and international investors to develop and acquire real estate.
Today FinanceBoston’s associates work with their clients to customize the best debt, equity, and asset management solutions for their real estate investments and developments. Every engagement is led by a partner in the firm to ensure that firm’s deep understanding of both the capital markets and real estate are leveraged to our client’s advantage. This heavy emphasis on knowledge and experience, the core of FinanceBoston’s competitive advantage, has enabled the firm to deliver the best possible outcomes for its clients over the long term.
Finance Boston - Finance - Boston
May 31, 2020
$5.5M Construction Loan Secured for North Shore Luxury Condo Project
A $5.5M construction loan has been secured for the Ocean Edge Estates in Swampscott. The waterfront development will offer six luxury condo homes, all with unique layouts ranging in size from 3,416 to 4,932 square feet. The financing was arranged by FinanceBoston, a real estate capital advisory firm. “The financing was completed with a local bank who saw the potential for the project and understand the rarity of new construction homes on the Atlantic Ocean,” said Brian Rooney of FinanceBoston. “As a resident of Swampscott myself, I’m proud to have played a small role in this project and am excited to see the final product. This developer has raised the bar with the level of finishes. Ocean Edge Estates is a truly breathtaking development.”
For more information on this project visit https://oceanedgeestates.com/.
May 31, 2020
Core Investments Planning Last Mile Distribution Center in South Boston
Core Investments has presented plans for an Amazon last-mile distribution center at their 22 acre On The Dot site to the Andrew Square Civic Association. The existing warehouse building at 4 Alger Street, former home of Blue Cross Blue Shield would be renovated. The project would include the demolition of existing buildings at 409 Dot. Ave. and 2 Alger Street to improve site accessibility along with repairs to Alger Street.
May 17, 2020
Historic Back Bay Penthouse Acquired for $4.55M
Developer Ad Meliora has acquired the triplex penthouse unit at 175 Marlborough Street in Back Bay for $4.55M. The historic home features five bedrooms, three and a half bathrooms, an outdoor terrace, and roof deck. $4.140 in senior debt financing for the acquisition and renovation of the project was arranged by FinanceBoston. "The location of this project is second to none," said Fergal Woods, Managing Partner of FinanceBoston. "While the property was put under agreement pre-Covid-19, our team delivered on the agreed terms and adapted well to how social distancing has changed appraisals, site inspections, closings, etc," added Brian Rooney, Associate.
May 13, 2020
Exterior Work Ongoing for Dual-Brand Hotel in Wrentham
Exterior work and window install are ongoing for the Springhill Suites and TownePlace Suites by Marriott within the Ledgeview Way development in Wrentham. The dual-branded hotel will include 160 rooms and is expected to open this fall.
Apr 20, 2020
Interior Finishing Ongoing for Allegro in Winchester
Final interior finish work is wrapping up for the 11 luxury condos at Allegro in Winchester. The two-bedroom residences will range in size from 1,020 to 1,570 square feet and feature an open-concept designer kitchen, ensuite master bedrooms, plus a private outdoor space. The property will be managed by GB Property Management , a Boston based firm with over 17 years of experience handling luxury condos & multifamily apartment projects in and around the city.
Mar 31, 2020
FinanceBoston Secures $25.7M Financing in Wrentham
FinanceBoston, a commercial real estate capital advisory firm, has arranged $25,715,000 in construction financing for Springhill Suites by Marriott and TownePlace Suites by Marriott, a 160-unit, dual-brand hotel development in Wrentham, MA. The developer is RAVentures of Westford, MA. The hotels will be the final piece of a multi-phased 53-acre project at 65 Ledgeview Way, at the intersection of I-495 and U.S. Route 1. The hotels will open in September 2020.
The transaction was handled by Doug Landry, a Partner at FinanceBoston. “The financing was completed with a syndicate of local lenders, who saw the potential for the site and who are well aligned with my client’s vision for the construction of this property,“ said Landry. “I am excited to see the finished project, which will add much-needed room count to an underserved hotel market.”
Mar 25, 2020
Site Clear at 425 Border Street in East Boston
Demo of a former auto body shop at 425 Border Street in East Boston is now complete. Once the construction ban is lifted developer Navem Partners will begin work on the approved 5 story residential building. 425 Border street will feature 16 modern condos along with a 16 car parking garage. The Eagle hill site overlooks the Chelsea Creek & Tobin Bridge and is just a few minutes from Maverick Square.
Mar 20, 2020
Savin Hill Mixed-Use Project Home to The Daily, a Modern Corner Store
The mixed-use development at 110 Savin Hill Avenue in Dorchester saw first residents move in this past summer and The Daily, a modern take on the traditional corner store opened this winter. With the Savin Hill T station across the street and new apartments opening all around, the local developers of this Dorchester property thought this would be the perfect spot to re-introduce the traditional corner store concept but in a fresh and modern way. Visual Dialogue started by giving the concept a name: “The Daily,” which says it all. The bright yellow conveys the sunrise starting each new day while the script type gives a handmade, nostalgic vibe. The design was carried through to the signage, interiors, and even coffee cups, and bags. The shop carries everything from fresh produce to frozen staples and offers meat and seafood departments along with a deli counter and homemade pastries.
Mar 17, 2020
Permit Issued for 9 Unit Project at 123-125 Centre St. in Dorchester
A permit valued at $1.8M was pulled on 3/16 for construction of a residential project at 123-125 Centre Street in Dorchester. The nine-unit project will also include 11 parking spaces and is located just a few blocks from the Shawmut Redline MBTA station.Late last month FinanceBoston arranged a $4.5 million construction loan for the ground-up development which will feature 7 large townhomes and 2 apartment flats. “The financing was completed with competitive terms from a local bank who saw my client’s vision for the property“ said Brian Rooney, Associate at FinanceBoston. “In Dorchester there’s a shortage of new construction rental apartments outside of the high cost/high amenity buildings. I expect the lease-up to go very quickly for this location, and look forward to working with this team again in the future.”
Feb 16, 2020
Core in Place & Framing Underway at 95 Fawcett St
The concrete core is in place and steel framing has kicked off for 95 Fawcett Street in Cambridge. The upcoming 5-story building will feature 44 units just a few minutes from Alewife Station. The building will also include 48 vehicle parking spaces and 60 bicycle spaces.
Feb 06, 2020
Andrew Square Development Site Mortgaged for $195 MIllion
The property at 371-511 Dorchester Avenue has been mortgaged by the owner, Core Investments, for $195 million via ACORE Capital.
The property features 15.07 acres of developable land located in the heart of Andrew Square owned by Core Investments, some owned jointly with Ad Meloria. The land includes 10.57 contiguous acres located at 475-511 Dorchester Avenue with frontage on Southampton Street, and a second 4.5-acre site, 371-385 Dorchester Avenue, located one parcel away.
The land is located steps to MBTA Red Line rapid transit service to Downtown Boston and Cambridge.
Feb 05, 2020
425 Border Street Financed for $6.37M
The approved condo project at 425 Border Street in East Boston has been refinanced for $6.37M, via a bank facility through North Shore Bank. The 5-story building will feature 16 luxury condos over a 16 space garage in the Eagle Hill Neighborhood. The development team at Navem Partners purchased the approved project in December of 2018. Construction of the project is expected to kick off in February. The financing was arranged by FinanceBoston, a local real estate capital, and advisory firm.
Mar 19, 2020
Banks are solving for what the world will look like in 18-30 months w...
read more >