Fantini & Gorga has arranged $7 million in permanent financing for a three-site portfolio of apartments and commercial space in the John Eliot Sq.
Tim O'Donnell, executive managing director & principal, led the Fantini & Gorga team along with Jason Cunnane, senior analyst. They arranged the financing on behalf of Roxbury Highland, LLC with a major regional financial institution. The portfolio consists of 52 apartments and two commercial spaces located in the historic and community focused John Eliot Sq. neighborhood. The properties are fully occupied and consist of four buildings between two and three stories with 33,000 s/f of rentable space.
O'Donnell said, "We were pleased to have secured funds from a regional lender with demonstrated knowledge of the subject's submarket and the ability to execute on terms that provided the recapitalization of these well managed assets. The John Eliot Square area has been an established residential and commercial neighborhood for years and will continue to be one of the most desirable addresses to live in and conduct business in the neighborhood of Roxbury."
Fantini & Gorga is one of New England's leading mortgage banking firms, specializing in assisting its clients in arranging traditional debt, mezzanine and equity financing
for all commercial property types.
Fantini & Gorga combines deep regional roots, broad experience, market knowledge, and national/international reach in access to capital.