Amesbury, MA Boston-based Fantini & Gorga is pleased to announce that it arranged $5.35 million in separate first mortgage financings for a freestanding Family Dollar store in Amesbury, Mass. and a newly constructed Tractor Supply store in Lebanon, N.H.
The Family Dollar contains 8,536 s/f of gross leasable area and was originally constructed in 1994 as a CVS. The property was renovated in 2014 and is now 100% leased to Family Dollar. The Tractor Supply store contains 19,097 s/f of gross leasable area. It was constructed in 2015 as a freestanding, build-to-suit for Tractor Supply.
John Gorga, president, and Chris Miller, senior analyst, represented their long-term client and arranged both financings with a regional financial institution. “On these two properties, we were pleased to have strong interest from number of different capital sources with whom we have had long standing relationships,” said Gorga.
“Our client was able to choose amongst a number of solid loan proposals which our firm secured, ultimately selecting the lender who offered the best combination of proceeds, term, amortization and rate which aligned with their business plans for these two assets,” said Miller.