August 30, 2019 Comments Off on Fantini & Gorga Secures $21M Construction Loan for Mansfield MF Project Views: 392 Boston New England News, Metro Boston, Top Boston

Fantini & Gorga Secures $21M Construction Loan for Mansfield MF Project

Fantini & Gorga secured a $20.5 million construction loan for 300 North Main, a new multifamily development in Mansfield. Located approximately 25 miles south of Boston, the property will include one and two-bedroom apartments, as well as 11,674 square feet of retail space.

Massachusetts-based developers, Arista Development LLC and Crugnale Properties LLC, are developing the project, which will also include 15 affordable units. The architect on the project is Massachusetts-based Annino Inc. Construction is expected to be completed in mid-2020.

Fantini & Gorga secured the financing on behalf of the borrowers, Arista and Crugnale. Two Massachusetts-based financial institutions provided $19 million, and a group of private investors provided an additional $1.5 million.

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