Cornerstone Secures $3M Acquisition Loan for Taunton MF Asset

Foundation Safeguards $3M Acquisition Funding for Taunton MF Possession

Foundation Realty Funding has protected a $3.4 million purchase financing for a 30-unit multifamily building in Taunton, MASS.

. Located just south of Boston, the residential or commercial property was created in 1987 and is composed of a mix of one- as well as two-bedroom devices.

Keystone’s Patrick Brady safeguarded the funding in behalf of the undisclosed customer. Terms of the finance consisted of a fixed interest rate, 24 months of interest-only payments as well as a 30-year amortization timetable. The debtor is intending on implementing a capital enhancement program.

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Regarding the Author

David Cohen is Southeast Editorial Director at Link Commercial Property. David is a media professional with greater than ten years of experience in journalism, copywriting as well as interactions throughout a variety of roles.
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Published at Wed, 10 Mar 2021 17:08:16 +0000

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