Boston-based Fantini & Gorga has arranged a $5.8 million first mortgage loan for the refinancing of four Sullivan Tire locations in New Hampshire and Massachusetts.

The properties included retail/commercial locations in Norwell and Plymouth and Stratham, N.H., as well as Sullivan Tire’s corporate headquarters in Norwell. The co-borrowers were affiliates of Sullivan Tire and the loan proceeds, provided by a New England regional bank, were used to pay off maturing mortgages.

"The long operating history of the company and their stable business operations generated a lot of interest in this transaction from local lending community," Fantini & Gorga’s managing director Keith Wentzel, who arranged the deal, said in a statement. "Ultimately, the borrower selected a structure that achieved its goals of a competitive fixed rate with an attractive loan advance that provided additional working capital for future business opportunities."

Fantini & Gorga Arranges $5.8M Loan For Four Sullivan Tire Locations In Mass., N.H.

by Banker & Tradesman time to read: 1 min
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