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Fantini & Gorga Arranges $2M Bridge Loan for Gloucester Condominium

Fantini & Gorga has provided a $1.8 million bridge loan for Good Harbor Beach Condominiums, a new single-floor living condo project in Gloucester.

Located at 78 Thatcher Rd., the community is located within walking distance to Good Harbor Beach and Long Beach. Each unit consists of two bedrooms and features a chef’s kitchen, gas fireplace, high ceilings, wrap-around windows and a deck. Amenities include a roof deck and fitness center.

Derek Coulombe and Lindsay Feig of Fantini & Gorga secured the financing on behalf of the undisclosed borrower. Terms of the financing included interest-only payment with a loan pay down and a low market rate.

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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.

  • ◦Financing