Needham, MA– Fantini & Gorga recently arranged $41,000,000 in acquisition financing on behalf of its client, MCG Canton Arboretum, LLC, a leading multifamily investment and management firm based in Boston.
MCG Canton purchased Woodfield Commons, a 156 unit residential community located in Canton, MA. Senior Managing Director Casimir Groblewski and Analyst Colin Monahan arranged the financing with a major Massachusetts based lending institution.
Woodfield Commons consists of six residential buildings and a clubhouse on a 40.2 acre parcel. Constructed in 1990 as a 40B development, Woodfield Commons presents a value add opportunity for the new owner. The complex benefits from its location just off Route 138 and close to Route I-95. Canton offers its residents a high quality of life experience, excellent schools, and myriad public amenities.
According to Mr. Groblewski, “the lender was willing to meet our client’s specific requirements, and we were able to negotiate a favorable and flexible financing package.” Mr. Monahan added, “the lender’s team executed in a timely and professional manner.”