839 Beacon Street
Update
06/11/17
$16 million construction financing obtained for 839 Beacon Street, 45-unit apartment development in Fenway
Developer Miner Realty, Inc. has obtained $16 million of construction financing for 839 Beacon Street, a 45-unit apartment development with 4,500 square feet of ground-floor retail in the Fenway, allowing for demolition of the existing long-shuttered two-story commercial building to begin. The construction team is now actively demolishing the existing building in preparation for commencement of construction of the five-story building’s foundation. Construction financing for 839 Beacon Street was provided by Northern Bank & Trust Company and arranged by Cornerstone Realty Capital. The $16 million loan is provided with a 10-year fixed rate and a 30-year amortization.
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