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Boston & New England  + New England  + Apartments  |  December 4, 2023
Emily Fu
By: Emily Fu

CRC Arranges $36M for Portsmouth Resi Condo 

Cornerstone Realty Capital has arranged $35.7 million financing for a 95-unit residential condominium project in Portsmouth, NH.  

The four-story development will encompass 95 condos, 112 surface parking spots, and 83 garage spaces. The unit mix includes market units: 2 studios, 39 one-bedrooms, and 35 two-bedrooms, alongside 19 affordable units. The condos boast amenities such as a fitness center, pet spa, lounge, and clubroom with a second-floor deck. 

“The sponsor’s experience with similar assets along with the property’s highly desirable location generated significant interest and a competitive process for finding the right financing solution for our client,” said Paul Natalizio, President at Cornerstone. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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