January 27, 2020
Cornerstone Realty Capital recently arranged $42 million to refinance Radius Apartments, a newly-constructed apartment building in Boston’s Brighton neighborhood. The 132-unit project is located in a trendy part of Brighton that has seen an influx of fresh development over the past few years.
Paul Natalizio, president at Cornerstone, led the refinancing for the property, which includes smart home capabilities and top-floor amenities with views of downtown Boston. The Mount Vernon Company completed construction on Radius last June.
“Radius Apartments, with its comprehensive amenity package, sleek design, and central location, is an exemplary asset that sets itself apart in a constantly evolving and competitive neighborhood,” said Natalizio.
He added, “Given the property’s quality and the strength of the sponsor, Cornerstone was able to deliver excellent loan terms with a local lender including an exceptionally low fixed rate.”
For comments, questions or concerns, please contact Paul Bubny