Murphy PC Advises on Commercial Loan and Preferred Equity for 16-Unit Mixed-Use Condominium Development in East Boston, Massachusetts

August 15, 2024-Murphy PC represented the developer of a 16-unit mixed-use condominium development in a construction loan with a regional lender and in a joint venture agreement with an investor for preferred equity in the project, including negotiation of loan financing documents and joint venture operating agreement, title, zoning, lease and insurance due diligence, and closing matters.

Our client is an experienced developer operating an engineering and construction business for over 40 years managing, constructing and developing projects in all New England states.

Murphy PC is a law firm based in Boston, Massachusetts providing legal services to developers, entrepreneurs, investors, and lenders in real estate and business transactions, including project development, acquisitions and sales, joint ventures, construction contracts, financing, leasing, and title insurance in residential, mixed-use, condominium, multi-family, office, retail, education, industrial, hotel, retail and restaurant transactions.

News & Insights

Identifying Opportunity in the Recovery Cycle

June 7, 2025 | Author:  David J. Murphy   The recovery is underway, but timing matters The commercial real estate market has entered a decisive inflection point. Analysis by Hines Research found that as of Q3 2024, just over 66% of global markets were in...
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Murphy PC Represents Client in Beacon Hill Acquisition

June 6, 2025-Murphy PC represented a Boston-based real estate development company in connection with the acquisition of two residential buildings comprising eight apartment units located in the historic Beacon Hill district of Boston, Massachusetts. The seller was represented by a national commercial real estate brokerage...
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Murphy PC Advises on Joint Venture Preferred Equity Investment in a $15M Multifamily Acquisition and Condominium Conversion in Cambridge, Massachusetts

May 30, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 20-unit multifamily property in Cambridge, Massachusetts to convert the property to a $15M condominium project. We negotiated and advised on the joint venture operating agreement...
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