$5.5M Construction Loan Secured By Christopher J. Roche For Development Site In East Boston

The asset involved in this transaction is a development site located at 700 Bennington Street in East Boston, MA. The square footage of the site is 13,230, with a loan amount of $5,500,000 secured for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Loan Type: Construction
• Lender: Christopher J. Roche - Crowd Lending
• Market: East Boston, MA

The lender for this transaction, Crowd Lending, Inc., is a Boston-based direct private lender that specializes in providing fast and flexible financing options for real estate investors, builders, and developers. They offer a range of financial products including new construction, fix-and-flip, purchase and rehabilitation loans, and they are known for their quick decision-making and underwriting processes, with the ability to approve transactions within 24 hours.