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Boston & New England  + Metro Boston  + Finance  |  August 6, 2019
David Cohen
By: David Cohen

Fantini & Gorga Secures $12M Loan for Affordable Housing Community in Lynn

Commercial mortgage banker Fantini & Gorga secured a $12.6-million loan for Marian Gardens, a 94-unit affordable housing community in Lynn, MA. Lynn is located approximately 12 miles northeast of Boston.

Built in the 1960s, the 14-building property consists of a collection of two-, three- and four-bedroom townhouse units. Amenities include a park, basketball court and a number of playgrounds. The property also includes a community room, which can be reserved for special events.

Tim O’Donnell, Jason Cunnane and Lindsay Feig of Fantini & Gorga arranged the loan on behalf of the undisclosed borrower. The lender was also undisclosed.

It’s time to register for this year’s Connect Texas Multifamily Conference on Aug. 15! For information and to register, click here.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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