Brian Rooney Of Finance Boston Secures $5.9M Construction Loan For Development Site In Somerville, MA

The development site located at 394 McGrath Highway in Somerville, MA has recently secured a construction loan. The loan amount for this project is $5,944,500. The loan type is specifically for construction purposes, indicating that the funds will be used to develop and build on the site.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,944,500
• Address: 394 McGrath Highway, Somerville, MA
• Market: Somerville, MA
• Broker: Brian Rooney - Finance Boston

Brian Rooney from Finance Boston played a crucial role in securing the construction loan for this development site. As the broker representing the transaction, Rooney successfully facilitated the loan process and ensured that the necessary financing was obtained for the project.