F&G SECURES $26 MILLION FOR MULTIFAMILY REDEVELOPMENT IN MASS.

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WESTFORD, MASS. — Fantini & Gorga has secured $26 million in financing for the historic redevelopment of Abbot Mill in Westford. The property, a series of brick structures constructed in the late 1800s, will be redeveloped into 130 luxury apartments with 103 garage parking spaces. A waterside park will also be constructed. Tim O'Donnell and Derek Coulombe of Fantini & Gorga secured the financing, which consists of a $17 million construction loan and a $9 million bridge loan that is tied to Federal, State and Historic Tax Credits. The lender was a regional bank.

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