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Boston & New England  + Metro Boston  + Finance  |  September 3, 2019
David Cohen
By: David Cohen

Cornerstone Realty Secures $4M Acquisition Loan for Waltham Apartment Property

Cornerstone Realty Capital has arranged a $3.8 million acquisition loan for Lawton Place, a 12-unit townhouse-style apartment building in Waltham.

The buyer, True North Capital Partners, plans to renovate the property with internal and external cosmetic updates. Upon completion, the units will feature granite countertops, stainless steel appliances, mounted lighting, in-unit washers and dryers, and private patios off the main living space.

Paul Natalizio of Cornerstone secured the financing, which includes 36 months of interest-only payments, on behalf of the buyer through an undisclosed lender. Upon stabilization, the loan will convert to a 30-year amortization.

For comments, questions or concerns, please contact David Cohen

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Connect With Cornerstone’s NatalizioConnect With True North Capital

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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