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Cornerstone Arranges $3.8M Acquisition Loan for Multifamily Property Near Boston

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Lawton place will be renovated with modern appliances and amenities.

WALTHAM, MASS. — Cornerstone Realty Capital has arranged a $3.8 million loan for the acquisition and renovation of Lawton Place, a townhouse-style multifamily community in Waltham, a western suburb of Boston. The buyer, True North Capital Partners, plans to renovate the property and add granite countertops, stainless steel appliances, mounted lighting, in-unit washers and dryers and private patios off the main living space. The loan was structured with interest-only payments for three years and a 30-year amortization schedule. The lender was undisclosed.

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