December 13, 2019 Comments Off on JV Secures $23M in Construction Financing for Bedford MF Community Views: 953 Boston New England News, New England, Top Boston

JV Secures $23M in Construction Financing for Bedford MF Community

Order Reprints...

CBRE has secured $22.5 million in construction financing for 133 apartment units in Bedford, NH.

Located at 121 South River Rd., the project will consist of 100% market-rate units across a five-story building with surface parking. Amenities will include a fitness center with Peloton bikes, rooftop lounge, dog wash and a community room with private work spaces.

John Kelly and Kyle Juszczyszyn of CBRE Capital Markets’ Debt & Structured Finance team secured the financing on behalf of the joint venture ownership, GFI-JHM Bedford Owner, LLC. The lender was not disclosed.

“We were attracted to the growth and strength of the Bedford, New Hampshire, housing market,” said Jiten Patel, principal of GFI-JHM Bedford Owner. “We look forward to delivering a best-in-class community to accompany the top-rate mixed-use development at Goffe Mill Plaza and the future Market and Main. The community will provide a top-tier living experience for our tenants.”

Connect With CBRE’s John Kelly

Subscribe to Connect Daily Boston

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.