A 327,000-square-foot, fully leased Class A industrial building and a partially sub-leased, 90,000-square-foot Class ‘A’ office building in the Milford Business Park in Milford have been acquired thanks in part to $15 million in permanent financing arranged by local financiers Fantini & Gorga.
In a statement, Fantini & Gorga said the undisclosed borrower, a fund controlled by an institutional sponsor, purchased the two properties as an addition to their core / core plus portfolio.
Fantini & Gorga generated significant interest from national life insurance company lenders as well as regional and national banks. The new loan was ultimately provided by an unnamed regional commercial bank, according to a statement.
Headquartered in Boston, Fantini & Gorga specializes in assisting clients in arranging traditional debt, mezzanine and equity financing for all commercial property types nationwide. Fantini & Gorga is an affiliate of Eastern Bank.





