LandUP Capital is pleased to announce the successful capitalization of 3458 Washington Street, securing $9.5 million in construction financing and $3.96 million in equity for a new multifamily development in Boston. Developed by Boston Pinnacle Properties, the five-story project will include 36 apartment homes, ground-floor commercial space, parking, modern resident amenities, and affordable housing.
“It was a pleasure working alongside the Boston Pinnacle Properties team to identify and structure the capital stack for this project,” said Ryan Murray, Senior Associate at LandUP Capital, who led the transaction. “This project showcases LandUP’s ability to advise sponsors throughout the entire capital structure. Thank you to everyone involved whose hard work helped bring this financing together.”
With financing now in place, the project is well positioned to move into its next phase of development, bringing new housing, neighborhood retail, and community-focused amenities to Jamaica Plain while supporting the area’s continued growth.
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