Weymouth, MA Fantini & Gorga has arranged $7.6 million in permanent financing for Aura at Weymouth, a new 43-unit class A apartment building. The property is located less than 0.5 miles to the Rte. 3 interchange, which provides direct access to Boston, 10 miles away.
“We were pleased to have secured this extremely attractive loan package consistent with our client’s long term investment strategy of this brand new, beautifully designed luxury apartment community” said Derek Coulombe, managing director at Fantini & Gorga, who together with Jason Cunnane, senior director, arranged the financing. “The financing was provided by a life insurance company who delivered a long-term self-amortizing 30-year fixed rate financing at under 4%.”
Aura at Weymouth consists of one building with five floors of residential space and a surface parking capacity for 86 vehicles. The unit mix consists of 9 studios, 20 one-bedrooms, and 14 two-bedrooms. All units feature 9’ and 10’ foot ceilings with oversized windows to maximize natural light. Each unit is appointed with modern, high-end fixtures and finishes including quartz countertops, stainless steel appliances and in-unit whirlpool washers and dryers.
Common amenities include a fitness center and an outdoor stone patio with built in gas grill. Tenants can choose from a variety of open floor plans to suit their particular needs for this pet-friendly community.
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 deep regional roots, broad experience, market knowledge, and national/international reach in access to capital.