FANTINI & GORGA ARRANGES TWO MF LOANS

PORTLAND AND SOUTH PORTLAND, MAINE — Boston-based Fantini & Gorga (F&G) has arranged $9.67 million in permanent financing for two residential properties located in Maine. Tim O’Donnell and Derek Coulombe of F&G secured the loans through a national Fannie Mae DUS lender. In South Portland, F&G secured $5.87 million in acquisition financing for Mill Cove Apartments, a 96-unit property located at the intersection of Mussey and Margaret streets. Situated on 3.4 acres, the property is comprised of 24 two-story buildings. The loan features 2 years of interest-only payments. In Portland, a $3.8 million loan was arranged for The Metropolitan Apartments, an 81-unit property located at 439 Congress St. The five-story building also contains ground-floor retail space. Terms of the financing included 5 years interest-only.