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.