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Thu, Nov 21
A Compendium of Property & Capital News
Thu
Nov 21
A Compendium of Property & Capital News

FinanceBoston Arranges $4,765,123 in Construction Financing for Nantucket Cluster

December 18, 2018

BOSTON—Doug Landry of FinanceBoston recently advised and arranged $4,765,123 in senior financing for the construction of three high-end luxury homes on Nantucket. The homes will be part of an exclusive 13-lot subdivision and will have direct frontage on the legendary Miacomet Golf Course.

The financing was arranged via long-standing capital market relationships and involved the speedy 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 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 since 2004.

Doug Landry