Allegro Update 10/04/18

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.”

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