Milford Business Park
$15,000,000
Milford, MA - Fantini & Gorga arranged $15,000,000 in permanent financing for the acquisition of two well located properties in the Milford Business Park. The borrower, a fund controlled by an institutional sponsor, purchased the two properties as an addition to their core / core plus portfolio. The new assets were a 327,000 square foot fully leased state of the art class 'A' industrial building along with a partially sub-leased 90,000 square foot class 'A' office building. With a master lease that had a near term maturity, Fantini & Gorga crafted a creative financing structure that provided a long term non-recourse loan allowing the borrower to maximize cash flow while providing flexible terms for anticipated future needs. The new loan was provided by a regional commercial bank.