CBRE SECURES $8.5 MILLION REFINANCING FOR 24-UNIT MULTIFAMILY PROPERTY

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BOSTON — CBRE/New England’s Capital Markets team has completed the refinance of an $8.5 million construction loan for a recently built apartment community in South Boston. Completed earlier this year, the 24-unit multifamily community consists of one four-story building with 30 covered garage parking spaces, a private roof deck and a private balcony for each unit. John Kelly of CBRE/NE worked on behalf of the borrower to arrange the permanent financing.

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