2007 Transactions
Tremont Provides $12,154,000 Financing for Massachusetts Office Building
The Boston office of Tremont Realty Capital provided financing for the acquisition of 201 Burlington Road, a 3-story, 129,324 square foot office building located in Bedford, Massachusetts.
Tremont made the $12,154,000 first mortgage loan, which was funded through the Tremont-NET Fund. The 3-year, non-recourse loan provided for roughly 90% loan-to-value. The property was 45% occupied at the time of closing. The major tenant is Reveal Imaging Technologies, an airport security screening technology company. According to Dan Mee, Executive Director, “Tremont saw this opportunity through J.M. Feeney & Associates, a prominent regional mortgage broker. Their client sought a high leverage loan with quick turnaround due to the acquisition. We were pleased that Tremont was able to accommodate everyone’s needs.”
For additional information on this transaction,
please contact:
Daniel Mee
Executive Director
Email: dmee@tremontcapital.com
Phone: 617.867.0700 x777
