REBusinessOnline

FANTINI & GORGA SECURES $30.7 MILLION MULTIFAMILY LOAN

ABINGTON, MASS. — Boston-based Fantini & Gorga (F&G) has secured $30.7 million in fixed-rate, first-mortgage financing for Abington Woods, a 180-unit multifamily property located in Abington. Situated on 36 acres along Route 18, The Class A community comprises 16 buildings containing 180 two-bedroom units. Community amenities include a clubhouse that features a media room, a fitness center and an indoor swimming pool with a retractable roof. The property was constructed in early 2008. The loan was originated F&G’s Tim O’Donnell, George Fantini, Jr., and Derek Coulombe. The lender was one of F&G’s correspondent life insurance companies. Terms of the financing were not disclosed.

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