Kohl’s Department Stores has secured $9.8 million in first mortgage financing for its retail store in Stoughton.
The retailer has operated at the location for eight years, and has 13 years remaining on its initial lease term with subsequent options.
Fantini & Gorga, a Boston-based mortgage banker, placed the financing for the 88,400-square-foot retail property leased to Kohl’s. Details weren’t disclosed, but Fantini & Gorga said the refinancing loan came from a major Midwestern REIT that was funded by a New England-based regional bank.
Fantini & Gorga’s Managing Director Keith Wentzel, who arranged the refinancing loan, said in a statement that the firm is “currently seeing a lot of interest from banks and insurance properties to make loans for investment grade single tenant properties with long lease terms such as this one.”





