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
Jun 28, 2019
FinanceBoston Arranges $6.6M in Financing for Mixed-Use Facility on Nantucket
FinanceBoston has arranged a $6.6 million senior loan secured by Old South Self Storage and a mixed-use building. The storage facility was constructed in 2017 and includes two below-grade levels, full climate control, and advanced security features.
“This closing was completed by arranging highly competitive terms commensurate with the strength of the asset and its rapid stabilization resulting strong performance, “ said Doug Landry, Principal at Boston-based FinanceBoston. “This is the best facility in the market, with the best operator.”
Jun 20, 2019
Three Historic Massachusetts Hotels Refinanced for $31.8M
Three of the state's historic hotels, The Hawthorne Hotel in Salem, The Colonial Inn in Concord, and the Publick House in Sturbridge have been refinanced for $31.8M. These historic properties were constructed as early as 1716, and are all members of the Historic Hotels of America. Each property benefits from an irreplaceable trophy location in the core of their respective communities.
The loan was arranged by FinanceBoston, a Boston-based real estate capital advisory firm. Principal with FinanceBoston Doug Landry tells BLDUP “this closing was completed by arranging a two-bank syndicate, with highly competitive terms commensurate with the strength of each asset and more importantly, the management team. We are looking forward to working with our client on future acquisitions as they expand their historic New England portfolio”.
Jun 19, 2019
500 Talbot Ave in Dorchester Refinanced for $2.4M
The approved mixed-use development at 500 Talbot Avenue in Dorchester has been refinanced for $2.4M. The project, just steps from Ashmont Station, is set to feature 40 residential units along with 3,000 square feet of retail space and a 1,815-square-foot space allocated for the existing church on site.
Financing for the project was arranged by FinanceBoston a Boston based real estate capital advisory firm. “This closing was completed by providing high leverage financing for our client, allowing for minimal cash equity from the developer, “ said Doug Landry, Principal at FinanceBoston. “We are looking forward to obtaining the permits and assisting with the ultimate vertical construction of the asset next year."
Jun 14, 2019
Project Change Approved for The Mezz in South Boston
A project change has been approved adjusting the originally approved rental units to condos at The Mezz in South Boston. The Mezz, under construction now, will include 42 units, a mix of studios, 1 and 2 bedrooms along with a common roof deck for residents. The development is located on the site of the shuttered Broadway Theater in South Boston and the former theater lobby facing West Broadway will be repurposed and restored into a residential lobby and retail space.
Jun 05, 2019
FinanceBoston Arranges Senior Bridge Loan for Covered-Land Property Investment in South Boston
FinanceBoston has arranged senior bridge debt to support the covered-land investment of a strategically well-located property situated at the center of the Dorchester Avenue corridor in the highly popular South Boston neighborhood targeted by the BPDA for more than 16 million square feet of new development. The debt financing was sourced through a strong capital market relationship and structured to account for the immediate and longer-term business plans to operate the existing asset as well as create value through the property’s highest-and-best use.“We are very excited about being able to help our client arrange a favorable loan structured to support their business plan and vision for the property,” said Phil Lisciandra, Principal at Boston-based FinanceBoston. FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom equity and debt capital solutions for the acquisition, development and refinance of residential and commercial properties. Founded in 2004, FinanceBoston has earned a loyal client base that continually rely on the firm’s creative capital advisory.
May 21, 2019
Construction on Washington Village Expected to Kick Off This Year
Since approval nearly 3 years ago, Washington Village has been one of South Boston’s most anticipated projects. With Samuels & Associates joining the development team late last year, it appears the project is finally set to start construction before the end of 2019. Peter Sougarides, Principal at Samuels & Associates discussed the neighborhood changing development at a CREW Boston luncheon last week.
While most recently Samuels success has come in Fenway, their roots can be traced back to Dorchester/South Boston where they undertook their first project, The South Bay Center. Nearly 30 years later they are back in Southie looking to further revitalize this formerly industrial section of the neighborhood that is ideally located just a few minutes from downtown, with easy transit access. Having spent roughly 5 years working on master planning and zoning for their Fenway endeavors along with gathering and addressing neighborhood input, the Samuels team was more than prepared for a project of Washington Village’s size. Sougarides expressed the importance of working with local residents to understand their feedback on development. These discussions led to the creation of an urban village featuring over 1500 residential units with around 80 shops and restaurants. Samuels also just opened a 1-acre park at 401 Park Drive as part of the Fenway Center redevelopment to bring more green space to the neighborhood.
With this thinking in mind, Samuels entered the Washington Village project by first taking a step back and setting out to determine what the area really needs. With almost 700 residential units plus around 100,000 square feet of retail planned the development team wants to look at how they will attract a variety of residents and create a place that others from outside the neighborhood will also want to visit. Sougarides stressed the importance of getting the retail right along with a need for great restaurants and new niche fitness concepts. A final, very important aspect of the development will be a large amount of open and active outdoor space. These programmed spaces will bring the community together and also draw in others from outside South Boston.
When asked about parking for the project, a hot button issue in Southie, Sougarides mentioned this was one of the questions they are still working on resolving. The neighborhood is requesting around .7 or .8 spaces per unit however in their experience they have not seen that high demand in transit-oriented urban developments. Sougarides expects the first stages of the project to come in around this higher ratio with data on decreased demand then used to justify a lower ratio of closer to .4 or .5 spaces by the end of the project.
The big question on everyone's mind is, of course, when will construction kick off. Sougarides told the crowd they expect to begin work on the first building, low-rise residential to include around 200 units of housing, by the end of this year. The rest of the project will then continue along Old Colony Ave. based on market demand. With Boston’s growing population Sougarides and his team see the demand for these new units however they will closely monitor the market to determine size/type of units and what amenities they need to bring in residents/buyers.
May 15, 2019
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”.
May 03, 2019
Vacant Retail Building On the Border of the North End and Bulfinch Triangle Refinanced for $2M
Developer Ad Meliora has refinanced the vacant retail space along North Washington Street in Boston's North End. Located steps away from the TD Garden, Government Center and the North End the property benefits from excellent accessibility and it’s proximity to the revitalization of nearby North Station and Bullfinch Crossing. The financing was arranged by real estate capital advisory firm, FinanceBoston.
“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”.
May 02, 2019
FinanceBoston Arranges Programmatic JV Equity and Senior Bridge Loan for the Value-Add Acquisition of a Prominent Multi-Story Industrial Building
FinanceBoston has arranged institutional joint venture equity and bridge debt to fund the acquisition of a prominent 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 were sourced through strong capital market relationships with a keen focus on finding capital partners with a shared vision and chemistry.The prominently-positioned property is ideally located in the heart of downtown Nashua, NH. The 430,000 square foot property is anchored by a strong credit-tenant, Extra Space, with an array of healthy 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 Boston-based FinanceBoston. “We are looking forward to seeing their continued success.”
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom equity and debt capital solutions for the acquisition, development and refinance of residential and commercial properties. Founded in 2004, FinanceBoston has earned a loyal client base that continually rely on the firm’s creative capital advisory.
Apr 17, 2019
FinanceBoston Arranges $2.7M High LTV Construction Loan For Brownstone Renovation in Charlestown’s Historic Winthrop Square
FinanceBoston has arranged high leverage senior construction financing for a brownstone renovation located steps away from the Community College MBTA Station, Whole Foods, and other Charlestown amenities. The property benefits from direct frontage on Charlestown’s historic Winthrop Square Training Field, with Boston skyline views.
“This closing was completed by arranging a construction loan for our client midway through the project while allowing for minimal cash equity from the developer,“ said Doug Landry, Principal at Boston-based FinanceBoston. “I am excited to see the final product right around the corner from my own home”.
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital markets 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.
Apr 11, 2019
Wadleigh Place Refinanced for $3.4 Million
The development property at Wadleigh Place in South Boston has been refinanced for $3.4 million via The Cooperative Bank in Roslindale. The deal was arranged by FinanceBoston, a real estate capital advisory firm, providing real estate operators & developers with custom capital solutions for acquisitions, developments and refinances.
The property features three separate buildings total 14,256 square-feet of space sitting on a .22-acre site. The property adds to the already 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.
Apr 10, 2019
FinanceBoston Arranges $1.25M in Cash Out Construction Financing for 1-3 Nautilus Lane, Nantucket
FinanceBoston has arranged senior construction financing for a spec subdivision on Nautilus Lane, Nantucket. The site is centrally located in Nantucket (2 miles to Nantucket pier) near Miacomet golf course with convenient access to downtown Nantucket (15 minutes by bike, 10 minutes by car) and will provide new housing to the area.
“This closing was completed by arranging cash-out on a spec construction project which was partially completed, “ said Doug Landry, Principal at Boston-based FinanceBoston. “We are looking forward to continuing to work with this developer on the island of Nantucket, where we have been successful in financing numerous projects recently”.
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.
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