Constulting

Our consulting tasks have been mostly repositioning existing buildings in need of creative financing.

In the case of 749 Boylston Street, Boston, we negotiated the acquisition of this $25,000,000 note held by New York Life for just $18,000,000 and participated with other partners in repositioning the asset which sold for $32,000,000, 3 years later.

Fairlane Properties owned an 83,000 square foot office building, brick and beam in Newton, Massachusetts. When the lender came to ownership and asked to be prepaid, Weld Management Company negotiated a $2-million-dollar reduction in the debt and then refinanced the property with a new lender who provided added funds to the developer (of which Weld Management Company was an original minority partner) to provide tenant development money. The project was successfully sold for a $6,000,000 profit two years after the note purchase.

The original Boston College building built in 1863 in Boston’s South End was made redundant by the Society of Jesus who employed Weld to appraise and market the property. The owners had received an opinion of value from a broker for $10,000,000, Weld Management Company successfully marketed the property for $13,000,000.