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Fantini & Gorga Arranges $20.5M Construction Loan for Multifamily Project in Mansfield, Massachusetts

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The property will offer one- and two-bedroom apartments, as well as 11,674 square feet of retail space.

MANSFIELD, MASS. — Fantini & Gorga has arranged a $20.5 million construction loan for 300 North Main, a multifamily development in Mansfield, a city located about 25 miles south of Boston. Two undisclosed, Massachusetts-based financial institutions provided a total of $19 million, and a group of private investors provided and additional $1.5 million. The property will offer one- and two-bedroom apartments, including 15 affordable units, as well as 11,674 square feet of retail space. A joint venture between two Massachusetts-based developers, Arista Development LLC and Crugnale Properties LLC, will develop the project. Massachusetts-based Annino Inc. is the architect. Construction is slated for completion in mid-2020.

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