Fantini & Gorga recently arranged a $16,400,000 financing package for the development of North Common Estates, a transit-oriented, mixed-use development in Mansfield, MA. Both the debt and the equity portions of the capital stack for the project were arranged by Fantini & Gorga. The debt was placed with a major Massachusetts based financial institution and the equity with a group of private investors.
North Common Estates is being developed at the confluence of North Main Street, Crocker Street, and Mansfield Avenue. The T's Commuter Rail Station is directly across the street from the proposed development, thereby ensuring easy access to commuters traveling in the Boston and Providence directions. The site is an assemblage of seven contiguous parcels with a total area of 1.37 acres. There will be 143 parking spaces.
North Common Estates will consist of two buildings, each four stories in height, with a total of 37 one and 44 two bedroom apartments and 7,689 square feet of commercial space. The apartments range in size from 700 to 1,050 square feet.
FHA Insured Loan
Mixed Use »
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