Fantini & Gorga has arranged $2.8 million in first mortgage financing for a mixed-use building in Somerville, consisting of 15 apartment units and four street-level retail units.

The fully-leased property, located on Broadway in the East Somerville section of the city, was acquired by a Boston area investor for $3.5 million. Keith Wentzel, managing director, placed the financing with a Boston-area community bank.

"The lender provided a very attractive, low-rate financing structure with a 30-year amortization that enabled our client to acquire the property with just over 20 percent cash equity," said Wentzel. "Since the property was fully occupied and located in an established neighborhood with little vacancy, the loan attracted a lot of interest from local lenders."