The Bulfinch Companies, Inc., a private real estate investment, development and management firm, has completed the refinancing of its retail and commercial property, Mount Auburn Place at 125 Mount Auburn St., for an undisclosed amount.
Boston-based Fantini & Gorga procured a permanent, long-term non-recourse loan for the asset through Lincoln Financial Group, a Fortune 500 Company with over $94 billion of assets headquartered just outside of Philadelphia in Radnor, Penn.
Mount Auburn Place is a five-story, first-class office and retail building located in the historic Harvard Sq. Designed by Elkus-Manfredi Architects, the building was developed and constructed by Bulfinch in 2001 and offers immediate access to the MBTA Harvard Sq. Redline station, as well as an unprecedented number of area amenities.
"Mount Auburn Place is an extremely well located and fully leased asset where retail and commercial services are readily available and in demand." said Eric Schlager, CEO at Bulfinch. "We were pleased to have closed this transaction with Lincoln Financial Group and appreciate the confidence they have in Bulfinch and the asset and its future. Bulfinch looks forward to expanding ourrelationship with Fantini & Gorga and their correspondent lender, Lincoln Financial, in the quarters ahead."