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LOWELL, MASS — Fantini & Gorga has arranged $3 million in permanent financing for Sutton Place, a multifamily property in Lowell. The property contains five three-story buildings with 12 units in each building. The units range from one to two bedrooms. The loan was made on behalf of Bicknell Associates and was used to pay off a local bank, which resulted in a long-term fixed rate accommodation. The lender was a national life insurance company.