Goedecke, Doyle & Co. places $30m for 200,000 s/f mill project

Goedecke, Doyle & Company, the Providence office of Boston based Goedecke & Company recently placed $30 million in construction, federal and state Historic Tax Credit Bridge financing on behalf of The Peregrine Group and Kirkbrae Development, joint venture developers of the 200,000 s/f historic Rumford Mill redevelopment. When completed in the third quarter 2008, this mixed use redevelopment will feature 125 apartment units, 75,000 s/f of office space and 7,400 s/f of ground floor service oriented retail space. Other transactions placed by Goedecke, Doyle & Co. during 2007 included: * $4 million bank construction loan and a 9 month forward funding 20 year fixed rate perm loan on a 35,000 s/f medical office building leased to University Orthopedics on Butler Hospital's campus in Providence. The construction loan was financed by a Connecticut based bank and the perm loan by correspondent lender - Assurant Insurance Company. * $3.5 million 25 year fixed rate self liquidating perm land loan on a CVS Pharmacy ground lease in North Smithfield financed by correspondent lender - Assurant Insurance Company. * $3.75 million 10 year fixed rate acquisition loan on two multi tenant office buildings in Warwick (West Bay Office Park) financed by correspondent lender UNUM Insurance Co. * $3.6 million 15 year fixed rate perm loan on a 35,800 s/f mill rehab in Wakefield financed by correspondent lender - UNUM Insurance Co. * $4 million 10 year fixed rate perm loan on a 126,000 s/f multi tenant office/industrial building in Slatersville financed by correspondent lender - UNUM Insurance Co. * $3.5 million bank acquisition and redevelopment refinancing of a single story 58,000 s/f industrial building to be converted into multi tenant office & industrial space located on South County Trail in Exeter. * $4.2 million 10 year fixed rate perm loan on a 24,000 s/f office building in Cambridge, Mass. financed by its correspondent lender - Allstate Insurance Company.