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 for the project entity.

Our client is a real estate capital advisory firm, provides real estate operators and developers with custom capital solutions for acquisitions, developments, and refinances in New England, Miami and Palm Beach Florida.

The sponsor is a real estate development company that specializes in building high-end residential projects in New England.

Murphy PC is a Boston, Massachusetts-based law firm providing legal services to developers, investors, and lenders in real estate and business transactions, including joint ventures, project development, acquisitions and sales, 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

Commercial Real Estate Refinancing Challenges

August 19, 2025 | Author:  David J. Murphy The U.S. commercial real estate sector faces significant refinancing challenges with approximately $2 trillion in mortgage debt maturing between 2024 and 2026, according to the Mortgage Bankers Association. The Refinancing Environment The Federal Reserve maintained the federal...

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...

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...