137 Newbury Street - Boston, MA

Boston, MA Fantini & Gorga has arranged a $23 million loan to refinance a 48,000 s/f mixed-use building located on Newbury St. The property which was originally built in 1929 features some of the city’s premier retail space. 137 Newbury is a nine-story building with 6,500 s/f of retail space on the ground level and 41,300 s/f of office space on the remaining floors.

Wayne Clough, Fantini & Gorga

The Fantini & Gorga team was led by Wayne Clough, managing director, and Despina Hixon, director, who together arranged the financing with one of their correspondent life insurance companies, Lincoln Financial Group. “The desirable location of the asset matched with the sponsor’s excellent reputation attracted several lenders to this financing request,” Clough said. “We were pleased to deliver long term, fixed rate financing at very attractive terms to our client, C.Talanian Realty.”

Despina Hixon, Fantini & Gorga

C. Talanian Realty Co. 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. Since their early days, C. Talanian Realty has enjoyed a reputation of excellence.

Fantini & Gorga is one of New England’s leading mortgage banking firms. Headquartered in Boston, Fantini & Gorga specializes in assisting its clients in arranging traditional debt, mezzanine, and equity financing for all commercial property types throughout the United States. Fantini & Gorga combines regional roots, experience, market knowledge, and national/international reach in access to capital.