According to Edward Riekstins of Q10| New England Realty Resources (NERR) financing has recently been placed on a flex property.
Q10| NERR represented the borrower in securing $3.2 million in permanent financing for a single story, 55,570 s/f flex building located at 256 Read St. The single tenant building also includes 8,600 s/f of office/showroom space.
The lender in this transaction, Summit Investment Partners, LLC, is a member of Q10| NERR's correspondent network, and provides loans ranging from $1 million to $5 million.