Fantini & Gorga has arranged an $8.25 million financing of a freestanding 117,000 s/f Home Depot located at 240 Lafayette Rd.
Financing was provided by New England-based financial institution with which Fantini & Gorga enjoys a correspondent relationship. The transaction represents a refinance of the borrower's existing acquisition debt, plus closing costs and was placed by Wayne Clough, managing director and Mark Whelan, director.
"It was a pleasure bringing our client - a knowledgeable and experienced real estate investor - and this lender together. The borrower was very appreciative with not only the financial terms provided, but the accommodations the lender made during the negotiation process," Clough said.
Fantini & Gorga (www.fantinigorga.com) 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.