Dealmaker: Fantini & Gorga Secure $55M for Mixed-Use, Office, Retail

Fantini & Gorga, Boston, secured $54.5 million for Boston-area mixed-use, office and retail properties.

Fantini & Gorga Executive Managing Director and Principal Tim O’Donnell, Managing Director Derek Coulombe and Director Despina Hixon arranged $25.5 million for a 61-unit multifamily property with 5,500 square feet of ground-floor retail space in Cambridge, Mass.

The six-story property’s apartment and retail space is fully leased.

The firm also arranged $25 million to refinance Mount Auburn Place at 125 Mount Auburn Street in Cambridge. A national insurance company provided the loan.

Mount Auburn Place is a five-story Class A office and retail building in Harvard Square. The Bulfinch Cos., Needham, Mass., built the asset–which offers immediate access to the Massachusetts Bay Transportation Authority Harvard Square Redline station–in 2001

Coulombe and Fantini & Gorga Director Chris Miller arranged $4 million for a mixed-use property at 144 Bowdoin Street in Boston. The newly renovated property includes 20 efficiency rental studio apartments and a ground-floor restaurant. Renovations included a complete life safety and HVAC system update.

“We were able to deliver a loan that was flexible to the borrower while securing a rate at term sheet with interest rates in flux since the election,” Coulombe said.