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Cornerstone Realty Capital Arranges $2.5M Financing For Boston Portfolio

Sep 24, 2014 | Reprints | Print

Boston-based Cornerstone Realty Capital has arranged $2.5 million in financing for LEOVOFS LLC to purchase and renovate a three-building portfolio in Boston.

The properties are located in Boston’s Fort Hill neighborhood. The unit mix consists of eight three-bedroom units. The planned renovations will create high-end condo quality apartment units.

"Having worked with the Borrowers on numerous occasions in the past, we were aware of their superior management experience," Brett Pagani, senior vice president of Cornerstone, said in a statement. "This, along with the excellent location of the properties, allowed us to secure the best financing option available in the market."

Commercial