August 6, 2019
Commercial mortgage banker Fantini & Gorga secured a $12.6-million loan for Marian Gardens, a 94-unit affordable housing community in Lynn, MA. Lynn is located approximately 12 miles northeast of Boston.
Built in the 1960s, the 14-building property consists of a collection of two-, three- and four-bedroom townhouse units. Amenities include a park, basketball court and a number of playgrounds. The property also includes a community room, which can be reserved for special events.
Tim O’Donnell, Jason Cunnane and Lindsay Feig of Fantini & Gorga arranged the loan on behalf of the undisclosed borrower. The lender was also undisclosed.
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