The Boston Capital Markets team of Colliers International recently provided a total of $50.7 million in financing for commercial properties in Somerville, Carver, Peabody and Woburn.

Colliers arranged $7.7 million in permanent bank financing for 35-37 Medford St. in Somerville, a property owned by btcRE LLC.  The renovated three-story, 53,347-square-foot property is a historic brick-and- beam style office building on the Somerville/Cambridge border.

Colliers arranged a $21.5 million CMBS loan for Shaw’s Plaza at 100 North Main Street in Carver with a mortgage REIT on behalf of a private investor. The 85,199-square-foot retail strip is currently 100 percent occupied and anchored by Shaw’s and CVS.

Colliers also facilitated the $11.6 million refinance of a three-building industrial portfolio, located off Route 128 North in Peabody and Woburn. The three buildings total 313,200 square feet of space and are situated along major routes including Route 128/I-95, Route 93 and Route 1. The lender was CUNA Mutual, a Colliers correspondent life insurance company lender.  The refinancing allowed the sponsor to reduce its interest rate by rate-locking at application for a new 15-year term.

The Colliers team included Executive Vice President David Douvadjian, Senior Vice President Thomas Welch and associate John Poole.

Colliers Arranges Financing For Somerville, Carver, Peabody, Woburn Properties

by Banker & Tradesman time to read: 1 min
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