Cornerstone Realty Capital Secures $53M Loan For Shrewsbury Multifamily Project

Cornerstone Realty Capital has secured a $53 million construction loan for Edgemere Crossing, a 250-unit multifamily project located at 100 Flint Pond Circle in Shrewsbury, Massachusetts. The property is owned by Donald C. Dolben, who represents The Dolben Co and Belmont Capital. The loan transaction was facilitated by Cornerstone Realty Capital, acting as the broker for the deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,300,000
• Units: 250
• Address: 100 Flint Pond Circle, Shrewsbury, MA
• Market: Shrewsbury, MA
• Landlord: Donald C. Dolben - The Dolben Co & Belmont Capital
• Broker: Cornerstone Realty Capital

The construction loan for Edgemere Crossing was successfully secured by Cornerstone Realty Capital. This loan will provide the necessary funding for the development of the 250-unit multifamily project. The loan amount of $53 million will contribute to the construction and completion of the project in Shrewsbury, Massachusetts.