FinanceBoston Secures $16 Million Refinance For Mixed-Use Property In South Boston

218-220 Old Colony Avenue is a newly built mixed-use property located in South Boston, MA. The asset includes 34 apartments along with ground-floor retail space. The property has undergone a refinancing transaction amounting to $16 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $16,000,000
• Address: 218-220 Old Colony Avenue
• Market: South Boston, MA
• Loan Amount: $16,000,000
• Broker: Shane Carthy - FinanceBoston

FinanceBoston arranged the $16 million refinance to support the sponsor’s ownership strategy. This financing aims to strengthen the asset’s capital structure, indicating a focus on long-term financial stability for the property.