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Malden Apartments Fetch $19.95M In Financing

Dec 18, 2015 | Reprints | Unlock Link | Print

The recently completed Residences at Malden Station property has received $19.95 million in financing from Fantini & Gorga.

The 84-unit building at 39 Florence St. contains a mix of studio, one-bedroom and two-bedroom units. The apartments have modern finishes and a washer and dryer. Amenities include a 24-hour fitness center, a common roof deck, a clubroom and a Wi-Fi lounge. The transit-oriented development is fully leased.

The loan was placed with Lincoln Financial Group, one of Fantini & Gorga’s correspondent life insurance companies. Derek Coulombe, managing director at Fantini & Gorga, John Gorga, president, and Despina Hatzipetrou, analyst, arranged the financing.

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