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Fantini & Gorga Secures $3M For Lowell Apt. Complex

Mar 26, 2009 | Reprints | Unlock Link | Print

Boston real estate financier Fantini & Gorga has arranged $3 million in permanent financing for the five-building, 60-unit Sutton Place apartment complex in Lowell.

Each three-story building at the Sutton Place development has a mix of 12 one- and two-bedroom apartments. The project was built over two phases in 1965 and 1978.

Fantini & Gorga arranged the financing on behalf of Bicknell Assoc. The lender was "a national life insurance company for which Fantini & Gorga acts as correspondent in New England," according to a company statement. The new loan paid off an undisclosed local bank and resulted in a long term, fixed rate accommodation.

Sutton Place, Lowell

Commercial & Industrial