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Fantini & Gorga Arranges $4.6M Financing For Needham Condominiums

Jan 2, 2014 | Reprints | Unlock Link | Print

Webster Green Boston-based Fantini & Gorga has arranged $4.6 million in equity and debt financing for the construction of a condominium project in Needham.

Webster Street Green consists of 10 two- and three-bedroom units with garages containing 2,100 square feet to 2,500 square feet of living space.

The equity portion of the project’s financing was placed with a private investment fund, and the debt with a regional bank.

"During the past several years, very few condominium projects have been able to get through both permitting and financing hurdles," Tim O’Donnell, principal of Fantini & Gorga, said in a statement. "Now that the economy has improved, there is a scarcity of new product to meet the strong demand – especially in attractive communities like Needham."

Commercial & Industrial