• Financeboston boston ma

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General

Established 2004
Website https://www.bldup.com/partners/finance-boston
Phone Number 617-934-2955

Description

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

Updates

FinanceBoston Arranges $2.7M High LTV Construction Loan for Brownstone Renovation in Charlestown's Historic Winthrop Square
- 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.


Core Investments, Inc.
- 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. 

 


FinanceBoston Arranges $1.25M in Cash Out Construction Financing For 1-3 Nautilus Lane, Nantucket
- 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.

Nautilus Lane FinanceBoston 1

Nautilus Lane FinanceBoston 2


Brian Crowley
- Apr 04, 2019

Construction Continues for The MEZZ in South Boston

Construction is moving forward for the redevelopment of the Broadway Theater in South Boston into forty-two modern condos. The project will feature a suite of amenities including a rooftop garden, zen patio, clubroom, underground parking, and bicycle storage. Units will range in size from studios through two bedrooms and the development will also include around 1,350 square feet of ground-floor retail space.

THe MEzz 420 west broadway

 


FinanceBoston
- Mar 27, 2019

Tenant Fit-Outs Underway at Ledgeview Way Commercial Space

Tenant fit-outs are underway for the commercial spaces at the new Ledgeview Way in Wrentham. The 53-acre development will feature a mix of retail/restaurant space, the upcoming Alexan Wrentham apartments, and two new hotels. Tenants lined up for the commercial space include 110 Grill, Evviva Cucina, Verizon, Universal Power Yoga, Lux Nail Spa, Blue Moon, Xformation Fitness and Wrentham Animal Hospital.

The project is situated along a busy corridor of 495 near the Plainrdridge Park Casino, Wrentham Premium Outlets, and Patriot Place. Financing for this 500,000 square foot development was arranged through FinanceBoston, a Boston based real estate capital and advisory firm.

Ledgeview wrentham 1

 

Ledgeview way 110 grill

 


FinanceBoston Arranges $1,437,500 Acquisition and Financing for Mixed-Use Project in East Boston
- Mar 05, 2019

FinanceBoston Arranges $1,437,500 Acquisition and Financing for Mixed-Use Project in East Boston

FinanceBoston has arranged senior acquisition & construction financing for a mixed-use project in vibrant East Boston. The development is located on Chelsea Street, steps away from the Airport MBTA station, Maverick Square and other amenities in Eastie. The convenient location of this project is part of an exciting mixed-use area and will provide much-needed housing to the severely supply-constrained city of Boston.

“This closing was completed in just under five weeks to meet the needs of the developer“, said Doug Landry, Principal at Boston-based FinanceBoston. “We are looking forward to seeing this project go vertical this spring.“

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.

east boston financeboston

east boston financeboston

 


FinanceBoston Arranges $2M in Cash-Out Financing for South Boston Office Building
- Feb 13, 2019

FinanceBoston Arranges $2,000,000 in Cash-Out Financing for South Boston Office Building

FinanceBoston arranged $2,000,000 in senior financing for the cash-out refinance a multi-tenant office building on Dot Ave in South Boston. The development is located blocks away from the Broadway Red-Line MBTA station and is walking distance from multiple area amenities along the rapidly developing Dot Ave corridor. 

“FinanceBoston is particularly excited about this project as it provided an opportunity to work with repeat clientele and to expand our portfolio in South Boston,“ said Doug Landry, Principal at Boston-based FinanceBoston. 

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.  

Finance Boston Southie Office    

finance boston south boston office


FinanceBoston
- Feb 05, 2019

Hyde Park Development Under Official Review

Residence at Readville Station located in Boston's Hyde Park neighborhood is now under official review. 

The proposed redevelopment program consists of the construction of approximately 305 residential units in two buildings providing a mix of rental and homeownership, with accessory garage parking for 221 vehicles. Including 4,200 square feet of restaurant/retail space with other amenities and services for building residents.

Construction is expected to start in the fall of 2019 and take 18-months to complete.


FinanceBoston Arranges Cash-Out Pre-Construction Financing for 18-Unit Condo Project in Cambridge
- Feb 01, 2019

FinanceBoston Arranges Cash-Out Pre-Construction Financing for 18-Unit Condo Project in Cambridge, MA

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

“This closing provides the liquidity necessary to complete the engineering and architectural work needed to obtain construction permitting,“ said Doug Landry, Principal at Boston-based 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.     

FinanceBoston Cambridge Development


FinanceBoston
- Dec 17, 2018

FinanceBoston Arranges $4,765,123 in Construction Financing for Three Residences on Nantucket

FinanceBoston advised and arranged $4,765,123 in senior financing for the construction of three top-end luxury homes on Nantucket. The homes will be part of an exclusive 13-lot subdivision and will be the only three homes with direct frontage on the legendary Miacomet Golf Course.

The financing was arranged via long-standing capital market relationships and involved closing in 21 days.

“My client required certainty of execution in a tight timeframe and high-leverage construction financing for the completion of the project,“ said Doug Landry, Principal at Boston-based FinanceBoston. “The team that we assembled did an excellent job of turning this around rapidly during the holidays. This is an amazing opportunity, and I am excited to see the finished product next year.”

 

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.

Greylady_lane

 

GreyLand nantucket


Samuels & Associates
- Dec 07, 2018

Washington Village Secures $37.5 Million in Financing

The Washington Village development has secured $37.5 million in financing via Webster Bank.

The upcoming redevelopment of five acres in South Boston’s Andrew Square will be transformed into a mixed-use development spanning six blocks. Eight buildings will be constructed containing 656 residences including both apartments and condominiums, 98,600 square feet of retail space and parking for 560 cars. Residences will include studios, one-bedrooms, two-bedrooms, and three-bedrooms. 110 residential units at Washington Village will be designated affordable.


FinanceBoston
- Nov 21, 2018

FinanceBoston Positions $3,300,000 Pre-Development Loan for the Emerging Boston Neighborhood of Hyde Park

FinanceBoston, a Real Estate Capital Advisory Firm, announced the successful financing of a $3,300,000 Pre-Development plan in the Hyde Park Neighborhood of Boston. FinanceBoston worked with Developer, Ad Meliora LLC, to identify, structure, and negotiate financing for the mixed-use project through entitlements.

Boston is seeing greater levels of development near rail systems as employees prefer alternative transit options. Recognizing this trend, Managing Partner Fergal Woods commented, “Given the site's proximity to the Readville train station, this will unlock additional development capacity in the Hyde Park neighborhood.”

FINANCEBOSTON- a Real Estate Capital Advisory firm with roots in Boston. FB works with cutting-edge developers to help them unlock the potential of their neighborhoods.  

FinanceBoston is pleased to work with both new and established developers, those who share the vision and ambition to realize the potential for high-quality neighborhoods in the Boston area and beyond.  At every stage of the business cycle, FB will help source the appropriate financing, manage its deployment and ensure the successful delivery of the project.


FinanceBoston Arranges $4.2 Million Senior Construction Facility in East Boston
- Nov 06, 2018

FinanceBoston Arranges $4,200,000 Senior Construction Facility for East Boston Luxury Condominiums

FinanceBoston advised and arranged $4,200,000 in senior financing for the construction of eight fully approved luxury condos in East Boston’s Jeffries Point neighborhood. The property features eight parking spaces, an elevator, high-end finishes, and city view roof decks.

The financing was arranged via long-standing capital market relationships and involved changing lenders mid-stream to accommodate the needs to the developer.

“My client required a specialized approach and high-leverage construction financing for the completion of the project,“ said Doug Landry, Principal at Boston-based FinanceBoston. “This is a unique project and I am excited to see how its completion changes and improves the Jeffries Point neighborhood.”

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.

www.financeboston.com


FinanceBoston Arranges Tailored Preferred Equity Program
- Oct 23, 2018

FinanceBoston Arranges Tailored Preferred Equity Program for Ground-Up Condominium Project in Brookline 

FinanceBoston advised and arranged the equity financing with a highly flexible international capital source which was willing to go higher up the capital stack (97% of total cost) than many traditional equity investors. The financing was arranged via long-standing capital market relationships and closed within 30 days.

The project involves acquiring and razing an existing single-family home and building high-end luxury condos on site.

"Our client required a specialized approach and quick financing execution to address the uniqueness of the building and our client's vision for the adaptive repositioning of the asset," said Doug Landry, Principal at Boston-based FinanceBoston.

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 firms honest and creative capital advisory solutions.


Core Investments, Inc.
- Oct 19, 2018

Andrew Square Parcel Refinanced for $64.5 Million

Core Investments has refinanced the property at 4 Alger Street for $64.5 million via LoanCore.

The property features a single story 95,600 square foot warehouse facility that was most recently used by Blue Cross & Blue Sheild for medical storage. The building was constructed in 1940 and sits on a 3.97-acre parcel.

The site is 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. 


FinanceBoston
- Oct 04, 2018

FinanceBoston Secures Construction Financing for New Development in Winchester

FinanceBoston has secured construction financing and limited partner equity for 40 Elmwood Avenue in Winchester.  The 40 Elmwood Avenue project, which was permitted last week, is being developed and built by Boston based Ad Meliora.  The project will feature a three-story residential building containing 14 two-bedroom condos. The 10,000 square foot site is ideally located in Winchester Center close to public transit.

Fergal Woods of FinanceBoston told BLDUP “This is an exciting opportunity for Ad Meliora. We enjoy working with them and wish them continued success on this and future projects.”


Ad Meliora
- Oct 02, 2018

Letter of Intent Filed for Hyde Park Site

The proposed redevelopment program includes the construction of approximately 300 residential units in two new buildings, providing a mix of rental and homeownership, with accessory parking spaces, amenities, and services for building residents.

The property is a 119,034 square foot industrial-zoned parcel currently occupied by Orleans Packing Company.


Brian Crowley
- Aug 20, 2018

Building Permit Issued For South Boston Development

A building permit has been issued for the development at 420 West Broadway in South Boston. The project calls for a mixed-use building featuring 42 residential units and approximately 1,350 square feet of local retail space. 420 West Broadway will be located on the site of the shuttered Broadway Theater in South Boston. The section of the existing theater building facing Athens Street will be demolished, and the former theater lobby facing West Broadway will be repurposed and restored into a residential lobby and retail space.


Andrew Square Development Site
- Aug 02, 2018

A Parcel of South Boston Development Site Mortgaged

Core Investments has mortgaged the property at 501-537 Dorchester Ave for $18 million via Webster Savings Bank.

The site is 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.


B Street & West 1st Street
- Aug 02, 2018

South Boston Property Acquired for $5.6 Million

Herrick & Company have acquired the South Boston property at B and W First Street for $5.6 million.

The property features a 14,410 square-feet paved parking lot that is zoned for general industrial. The property is well located close to downtown Boston in the thriving South Boston Industrial Park and is directly behind the Boston Convention and Exhibition Center  


Wadleigh Place
- Jul 16, 2018

Core Investments Acquires Additional Andrew Square Property

Core Investments, Inc. has acquired the property at Wadleigh Place in South Boston for $2.16 million. The site sits adjacent to the Andrew Square development site that they also own.

Wadleigh Place features multiple parcels that sit on a .22-acre site. The three separate buildings total 14,256 square-feet of space. 1-3 Wadleigh Place is a 3-story 6,960 square-foot brick building that was constructed in 1930. 5-7 Wadleigh Place is single story 2,295 square-foot brick building that was built in 1920. The third building, 6-8 Wadleigh Place is a single story 2,928 square-foot brick building that was also built in 1920.


The Mezz
- May 06, 2018

420 W Broadway Refinanced

Quincy-based developer, Brian Crowley, has refinanced the property at 420 W Broadway for $3.25 million via Harbor One Bank

The property is the future site of an approved proposed mixed-use building featuring 42 residential units and approximately 1,350 square feet of local retail space. The project was approved in March 2017 and the development timeline remains unclear.


Washington Village
- Oct 30, 2017

Work starts on transformative Washington Village mixed-use development in South Boston’s Andrew Square


Demolition of existing, low-slung buildings has begun at the future site of Washington Village, a $400 million, 735,000-square-foot mixed-use development that will transform South Boston’s Andrew Square, constructing eight buildings as high as 22 stories. Washington Village is one of the first key developments of the South Boston Dorchester Avenue Planning Initiative (PLAN Dot Ave), a municipal up-zoning effort that will transform the Dorchester Avenue corridor, currently a sleepy industrial strip, into a vibrant mixed-use corridor. Washington Village will construct a total of 656 residential units, including both apartments and condominiums, and 98,600 square feet of retail space, with a 1.5-acre public plaza and green at the development’s center. The development will span five acres and six city blocks. The following are photographs of demolition underway at Washington Village:



Andrew Square Development Site
- Jun 21, 2017

Ad Meloria and Core Investments acquire Southampton Street parcels, expanding Andrew Square development site


Developer Core Investments has acquired 1.42 acres of developable land along Southampton and Ellery Streets in Andrew Square for $5.25 million, expanding its’ Andrew Square undeveloped land holdings to 15.07 total acres. The sale amounts to $3,697,183.10 per acre. The newly acquired acres are located adjacent to 9.15 contiguous acres owned by the development team at 475-511 Dorchester Avenue, creating a 10.57-acre contiguous site. A second team-owned 4.5-acre site, 371-385 Dorchester Avenue, is located one parcel away. Developers Ad Meloria and Core Investments intend to jointly develop the Andrew Square parcels for commercial use. Core Investments is currently developing Washington Village, an eight building mixed-use development also located in Andrew Square.


The Mezz
- Mar 19, 2017

420 West Broadway, 42 residences with retail, approved in South Boston


420 West Broadway, a new 6-story building featuring 42 residential units with approximately 1,350 square feet of ground-floor retail, was approved at last Thursday (March 16th)’s Boston Planning & Development Agency (BPDA) Board Meeting. As part of the project, the developer will contribute $10,000 towards improvements to the nearby Buckley Playground and $10,000 towards South Boston’s St. Peter’s Academy.


The Mezz
- Jan 12, 2017

Mixed-use development proposed at vacant Broadway Theater site in South Boston


A six-story mixed-use development has been proposed at the long-vacant site of the Broadway Theater on West Broadway in South Boston. The development would feature 42 residential units and approximately 1,350 square feet of retail. A Small Project Review Application (SPRA) for the project has been submitted to the Boston Planning & Development Agency (BPDA). The project is now under official review.


Andrew Square Development Site
- Jan 08, 2017

Ad Meloria and Core Investments expand Andrew Square development site


Developer Core Investments has acquired 2.75 acres of developable land along Dorchester Avenue and Alger Street in Andrew Square for $13.1 million. A building on that property has a tenant with a long-term lease. The acquired land is located adjacent to a 6.4-acre site, 511 Dorchester Avenue, that Core Investments and Ad Meloria acquired for $13.375 million in April 2014 and is a parcel away from a 4.5-acre parcel, 371-385 Dorchester Avenue, that Core Investments acquired for $16 million in July 2015. Ad Meloria and Core Investments intend to develop the parcels for commercial use. Core Investments has also closed on $26.19 million of new financing for the parcels through Delphi Financial Group of Wilmington, Delaware.


The Mezz
- Sep 02, 2016

Long-vacant West Broadway theater sold to developer for $5 million


Yesterday (September 1st, 2016), Quincy, MA-based real estate developer Brian Crowley acquired the long-vacant Broadway Theater in South Boston, commonly referred to as the "Bug House," for $5 million as recorded in the Suffolk County Registry of Deeds. The 30,336 square foot theater building stands on an 11,140 square foot parcel, 420 West Broadway, located at West Broadway and F Street steps to Perkins Square. The property was last sold in October 2015 for $3.7 million and in March 2009 for $722,022. Crowley recently bought, renovated and sold the former Quincy home of James “Whitey” Bulger girlfriend Catherine Greig. The following is the deed for the sale of 420 West Broadway to Crowley:



Washington Village
- Aug 12, 2016

Washington Village, 656 new residential units and nearly 100,000 square feet of retail in South Boston, approved for construction


At last night's board meeting, the Boston Redevelopment Authority (BRA) approved Washington Village for construction. Located in South Boston steps to Andrew Square and the MBTA Red Line, Washington Village will construct eight new buildings ranging from three to 24 levels high. A total of 656 residential units, including both apartments and condominiums, and approximately 98,600 square feet of retail will be located at Washington Village. More information about Washington Village is posted below and at the Washington Village website.


Residence at Readville Station
- Apr 05, 2016

Developer buys 119,034 square foot Hyde Park parcel next to Readville transit station for $2.1 million


Local developer Ad Meliora has acquired 1717 Hyde Park Avenue, a 119,034 square foot parcel in Hyde Park located next to the Readville transit station on the MBTA Fairmount Line. Sale price was $2.1 million.


UPDATE: Universal Hub reports that Ad Meloria recently held an informal community meeting in which preliminary plans were presented for a 240-unit apartment building at 1717 Hyde Park Avenue. 31 units would be designated affordable and rented to households making no more than 70% of area median income (AMI).


Three buildings rising up to five stories are currently proposed along with a five-deck parking garage with 400 parking spaces. The buildings would have special insulation to buffer noise from passing trains. A formal Letter of Intent has not yet been filed for the project. The following is a preliminary rendering by project architect Prellwitz Chilinski:



Ad Meliora is currently co-developing Washington Village, a major proposed South Boston development project that would bring approximately 650 residential units and 98,600 square feet of retail space to Andrew Square across 217,800 square feet of land. The following is an aerial view of the proposed Washington Village:



Ad Meliora also owns 511 Dorchester Avenue, a potential development site in Andrew Square totaling approximately 279,050 square feet.


Ad Meliora is the third developer to invest in Hyde Park of late. G. Greene Construction Co. recently bought an 87,780 square foot parcel at 1591-1619 Hyde Park Avenue, steps from 1717 Hyde Park Avenue, for $2.1 million. HP Properties LLC recently bought two adjacent parcels in Hyde Park's central business district totaling 18,685 square feet for a combined $1.2 million.


The following is the deed for the sale of 1717 Hyde Park Avenue to Ad Meliora:


   


More information about 1717 Hyde Park Avenue is posted below.


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