Boston, MA Fantini & Gorga has arranged four loans totaling $15.55 million to refinance a portfolio of mixed-use properties located at 167, 168, 176 and 303-305 Newbury St. These properties collectively feature 20,190 s/f of premier retail and office space, as well as residential units. Newbury St. continues to evolve and remains Boston’s premier destination for shopping and dining.
The Fantini & Gorga team was led by Wayne Clough, managing director, and Despina Hixon, senior director, who together arranged the financing with one of their correspondent life companies. “The irreplaceable location of the assets, the sponsor’s excellent reputation and the lender’s strong understanding of the market dynamics resulted in a smooth execution,” Clough said. “Our correspondent lender structured the loans to best fit the needs of our client including an attractive long-term rate.”
C. Talanian Realty Company founded in 1932, is a privately held real estate brokerage and property management company. The company manages one of the largest individual portfolios of commercial and residential addresses in the Back Bay.