500 Talbot Avenue Update 06/19/19

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."

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