The Boston office of Fantini & Gorga has arranged $11 million in first mortgage financing on River Village Apartments, a 56-unit luxury apartment property in Canton.
"We were delighted to be able to deliver this attractively priced loan for this high-quality asset," said George Fantini Jr., president of Fantini & Gorga, who placed the financing along with Tim O’Donnell, principal, and Derek Coulombe, director. "We had interest from a whole range of lenders who were impressed by the strong market position of this property, which provides a level of luxury and tenant appeal unmatched by any asset in its market."
The financing was provided by an undisclosed "major regional bank," according to a statement.
The property has 110 underground garage parking spaces, with direct elevator access to the residential floors. Common areas include a great room for entertaining, a fitness center, a business center, a massage/relaxation room and a common patio with a gazebo and fire pit.