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Finance
Posted: March 11, 2016
Coulombe and Hatzipetrou of Fantini & Gorga handle $2.815 million financing
Weston Crossing Apartments - Braintree, MABraintree, MA Fantini & Gorga has arranged $2.815 million in permanent financing for Weston Crossing Apartments. The property is .8 miles northwest of the Braintree Station with access to the MBTA Red Line service to Boston. Weston Crossing is accessible via Washington St. and Union St. from Rte. 3.
The Fantini & Gorga team was led by Derek Coulombe, managing director, and Despina Hatzipetrou, senior analyst, who together arranged the financing with Ohio National Financial Services, one of the firm’s exclusive correspondent life insurance companies.
Derek Coulombe, Fantini & Gorga
Despina Hixon, Fantini & Gorga
Weston Crossing is comprised of six, 2-story buildings and includes a total of 30 residential units. The unit mix consists of 29 two-bedroom units and one one-bedroom unit. Amenities at Weston Crossing include ample off street parking and storage in the basement. The buildings are well maintained and the units feature hardwood floors throughout with tile floor in the kitchens and bath.
“The sound fundamentals of this asset, including an attractive location and historically strong occupancy, attracted several lenders to this financing opportunity,” said Coulombe. “At the end, we were pleased to deliver a long-term self-amortizing 20-year fixed rate financing consistent with our client’s objective.”
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.
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