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Cordeiro Lands Financing to Convert Fall River Mill into Apartments
Cordeiro Properties has secured close to $10 million in financing from Rockland Trust to rehabilitate a 146-year-old former mill building, known as the Merrill Building in Fall River, MA. The former 30,937-square-foot mill, located at 66 Troy St., will have the top three floors converted into 36 market-rate residential units.
“We’ve been working with the Cordeiro Properties team for several years on historic rehabilitations throughout Fall River,” said James Joyce, VP, commercial loan officer at Rockland Trust. “This project, along with others we’ve worked on together such as Commonwealth Landing and International Ladies Garment Worker Center Building, help address the need for additional housing options on the South Coast.”
Cordeiro Properties has owned the property since 1999. The longtime tenants of the first floor, Southeast Center for Independent Living, will continue their lease. This project will be Cordeiro’s fifth historic project and is due for completion in 2025.
- ◦Development
- ◦Financing

