Boston & New England + Metro Boston + Apartments | April 4, 2023

Fantini & Gorga Arranges $31M Financing for Wakefield Multifamily

Needham, MA-based mortgage banking firm Fantini & Gorga has arranged $30.6 million acquisition financing for Wakefield Vista, a 114-unit multifamily community in Wakefield, MA. The firm arranged the loan with a major Massachusetts-based lending institution on behalf of AG-MP Wakefield Vista Property Owner, LLC, the new owner of the property on Hopkins Street.

“The lender was willing to tailor its offer to our client’s specific requirements, and we were able to negotiate a favorable and flexible financing package that allowed for an extensive value-add program,” said Fantini & Gorga’s Casimir Groblewski who arranged the financing along with the firm’s Colin Monahan.

Constructed in 2011 as a 40B development, Wakefield Vista consists of two residential buildings and a clubhouse on a 4-acre parcel, and presents a value-add opportunity for AG-MP. Situated near SR-28, Route I-93 and Route I-95, the property offers its residents high-quality schools and several public amenities.

Connect

Inside The Story

Fantini & GorgaWakefield VistaCasimir Groblewski

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

Order Reprints