Kelleher & Sadowsky Associates arranges $17.5m refinance - provided by Rockland Trust

Auburn, MA According to Kelleher & Sadowsky Associates, Inc., its Capital Markets team has arranged a $17.5 million refinance for Rabina at 28 Millbury St. Rockland Trust provided the financing, with Kelleher & Sadowsky’s John Merrill and Chris Naff representing Rabina in the transaction.

28 Millbury St. is a two-story industrial property. The property encompasses 21.7 acres and is located near Rte. 20, providing access to I-290, I-395, the Mass. Tpke. (I-90), and Rte. 146. Its scale, industrial functionality, and proximity to several major transportation corridors makes it a significant industrial asset within the Central Massachusetts market.

With the property’s existing loan approaching maturity, Rabina engaged Kelleher & Sadowsky to secure replacement financing and execute the refinance within a tight timeframe. Despite an elevated interest rate environment and continued economic uncertainty, Kelleher & Sadowsky leveraged its extensive relationships throughout the commercial lending market to generate competitive interest from community and regional lenders.

Through a competitive financing process, the team secured a $17.5 million loan with Rockland Trust, one of the leading commercial lenders in the local market. The transaction represents a strong partnership between two established names in the commercial real estate industry, bringing together Rabina’s extensive real estate investment and ownership platform with Rockland Trust’s established commercial lending presence in Central Massachusetts.

Rabina is a family-owned, fully integrated real estate investment, development, and management firm with more than 65 years of experience and a diverse portfolio of institutional-quality assets spanning office, multifamily, retail, and industrial properties.

“This transaction highlights the value of Kelleher & Sadowsky’s relationships throughout the commercial lending community and our ability to create competition among lenders on behalf of our clients. In an elevated interest rate environment, generating multiple financing alternatives is critical to managing risk, optimizing loan terms, and achieving our clients’ financial objectives. We are pleased to have helped Rabina secure a successful refinancing with Rockland Trust,” said Naff.

“Rabina is happy to expand its relationship with Rockland Trust, who brought flexibility and cooperation to this refinancing, and grateful for the expertise and professionalism of the team at Kelleher & Sadowsky,” said Zach Weinman, Senior Vice President at Rabina.

“We were pleased to partner with Rabina, along with the team at Kelleher & Sadowsky, to refinance this industrial property in Auburn. We appreciate the opportunity to support Rabina with their financing needs and are excited to build on this new relationship in the years ahead. Working closely with John Merrill and Chris Naff made for a seamless experience, as their professionalism and deep understanding of both the property and the borrowers helped position the transaction for success. This collaboration is a great example of how strong relationships and a shared commitment to our clients can create positive outcomes for everyone involved,” said Peter J. Staiti, Senior Vice President at Rockland Trust.

The transaction further demonstrates Kelleher & Sadowsky’s ability to navigate complex financing requirements and deliver tailored capital solutions in an evolving economic environment. Through its extensive network of lending relationships and deep understanding of the commercial real estate market, the Capital Markets team continues to help property owners and investors address financing challenges, manage risk, and maximize value.