REBusinessOnline

Fantini & Gorga Arranges $27M Construction Loan for Multifamily Community in Cambridge

A rendering of Park 77 in Cambridge

CAMBRIDGE, MASS. — Fantini & Gorga has arranged a $27 million construction loan for Park 77 Apartments, a 93-unit multifamily community in the Alewife neighborhood of Cambridge. Terms of the financing were not disclosed. Located at 77 New St., the property is walking distance from the Metro Boston Transit Authority’s Alewife Station. Derek Coulombe, Tim O’Donnell and Despina Hixon of Fantini & Gorga arranged the financing for the undisclosed borrower through a large regional lender.

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