Brian Rooney Of FinanceBoston Arranges $11 Million Financing For 84-86 Ellery Street In Cambridge

The asset involved in this transaction is a multifamily property located at 84-86 Ellery Street, Cambridge, MA. The property is undergoing a condo conversion, with a loan amount of $11,000,000 allocated for this purpose, which includes an $8 million construction loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Address: 84-86 Ellery Street
• Market: Cambridge, MA
• Lender: Bluestone Bank
• Broker: Brian Rooney - FinanceBoston

Brian Rooney of FinanceBoston facilitated the financing arrangement for the condo conversion project. John Ward of Bluestone Bank provided the construction loan component, which is integral to the project's funding structure.