2002 Transactions
Tremont Arranges $3,300,000
in Financing for Massachusetts Office Building
Tremont
Realty Capital arranged the refinancing of 41 Lyman Street,
a 64,000 square foot, single tenant office building located
in Northborough, Massachusetts. The tenant, APX Central,
Inc., is a subsidiary of Western Parcel Express, Inc., a
California Corporation.
The Boston office of Tremont Realty Capital
arranged the $3,300,000 loan, which was funded through a
local bank. The 5-year, fixed rate, permanent loan provided
for roughly 75% loan to value with a 7.25% interest rate.
According to Rick Gallitto, "The borrower, a local
developer, looked to Tremont to arrange a secure fixed rate
mortgage at very attractive pricing, which we delivered."
For additional information on this transaction,
please contact:
Richard Gallitto
Executive Director
Email: rgallitto@tremontcapital.com
Phone: 617.867.0700 x772
