26
MALDEN, MASS. — Fantini & Gorga has arranged a $16.5 million loan for the development of The Residences @ Malden Station, an 80-unit, transit-oriented apartment property in suburban Boston. Derek Coulombe, managing director, along with John Gorga, president and principal of Fantini & Gorga, represented the borrower in the transaction. The five-story apartment property is being constructed on a 68,000-square-foot site that the developer purchased from the city of Malden. The property will include a mix of studios, one- and two-bedroom units. A large regional bank provided the loan.