BOSTON – Fantini & Gorga has arranged $2,815,000 in permanent financing for Weston Crossing Apartments in Braintree, MA. The property has convenient access, just 0.8 miles northwest of the Braintree Station with access to the MBTA Red Line service to Boston.
Weston Crossing is easily accessible via Washington Street and Union Street from Route 3.
The Fantini & Gorga team was led by Derek Coulombe, Managing Director, and Despina Hatzipetrou, Senior Analyst, who together arranged the financing with Ohio National Financial Services, one of the firm’s exclusive correspondent life insurance companies.
“The sound fundamentals of this asset, including an attractive location and historically strong occupancy, attracted several lenders to this financing opportunity,” noted Mr. Coulombe. “At the end, we were pleased to deliver a long-term self-amortizing 20-year fixed rate financing consistent with our client’s objective.”
Weston Crossing is comprised of six, two-story buildings and includes a total of 30 residential units. The unit mix consists of 29 two-bedroom units and one one-bedroom unit. Amenities at Weston Crossing include ample off street parking and storage in the basement. The buildings are well maintained and the units feature hardwood floors throughout with tile floor in the kitchens and bath.