Fantini & Gorga recently completed the arrangement of a $23 million loan to refinance a 48,000 square foot mixed-use building located on Newbury Street, in Boston, MA. The property which was originally built in 1929 features some of Boston’s premier retail space. 137 Newbury is a nine-story building with roughly 6,500 square feet of retail space on the ground level and approximately 41,300 square feet of office space on the remaining floors.
The Fantini & Gorga team was led by Wayne Clough, Managing Director, and Despina Hixon, Director, who together arranged the financing with one of their correspondent life insurance companies, Lincoln Financial Group. “The desirable location of the asset matched with the sponsor’s excellent reputation attracted several lenders to this financing request,” Mr. Clough commented. “We were pleased to deliver long-term, fixed rate financing at very attractive terms to our client, C.Talanian Realty.”
C. Talanian Realty Company founded in 1932, is a privately held real estate brokerage and property management company. The company manages one of the largest individual portfolios of commercial and residential addresses in the Back Bay. Since their early days, C. Talanian Realty has enjoyed a reputation of excellence.
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