LEBANON, N.H. — Colliers has arranged $79.9 million in construction debt and joint venture equity for The Marek at Lebanon, a 250-unit multifamily project that will be located near the Vermont-New Hampshire border. The property will comprise two residential buildings housing one- and two-bedroom units that will be connected by a 10,000-square-foot amenity building, all on a 17.7-acre site. The general contractor is DEW Construction Corp., with design by Market Square Architects and engineering by VHB Inc. A syndicate led by Brookline Bank provided the fixed-rate senior construction loan to the borrower, Massachusetts-based Saxon Partners. Jeff Black, Kevin Phelan, Sean Burke and Bryan Koop of Colliers placed the debt and arranged the joint venture equity partnership with Tritower Financial Group.
Units at The Marek at Lebanon will feature stainless steel appliances, keyless entry mechanisms and in-unit washers and dryers. Amenities will include a fitness center, resident lounge, outdoor grilling stations, coworking spaces and a dog park.
Colliers Arranges $79.7M in Debt, Equity for Multifamily Project in Lebanon, New Hampshire
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