McFarland Portfolio
$7,800,000
Southeastern NH - Fantini & Gorga placed $7.8 million in permanent financing for a group of three properties in New Hampshire. McFarland Ford is in Exeter and Hampton Ford & Hyundai and the Sunbelt Rental Building are in North Hampton. The first property, occupied by McFarland Ford, is improved with a recently modernized, 28,000 square foot building. The second property, located in North Hampton, consists of about 9 useable acres and two buildings with a total of 57,300 square feet of space. The complex is occupied by Hampton Ford & Hyundai, founded in 1984. The third property is an industrially zoned, 3.21 acre parcel improved with a 20,300 square foot building. The property is fully leased to Sunbelt Rentals, one of the country's largest renters of specialized equipment to contractors and homeowners. Sunbelt Rentals has over 450 stores across the nation. The borrowers were limited liability companies owned by a well known local family and the lender was a national life insurance company for which Fantini & Gorga acts as correspondent.