{  Boston, MA  }

$6,500,000

Local Bank

LTV: 75%

Cornerstone placed $6,500,000 in construction financing for a 12-unit, mixed-use condo development in Jamaica Plain. A local banking institution provided 80% loan-to-cost that was subject to a 75% as-completed LTV. The interest rate was fixed for 3 years, providing the borrower certainty with their cost of capital.