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Boston & New England  + New England  + Finance  | 
Faros Properties has secured an 11-million refinancing for the Anchor Inn and Greydon House in Nantucket, MA.

Faros Properties Secures $11M Refi for 1800s Historic Hotels in Nantucket

Faros Properties has secured an 11-million refinancing arranged by JLL for the Anchor Inn and Greydon House in Nantucket, MA.

 Jonathan Schneider of JLL worked on behalf of the borrower to secure a fixed-rate loan through Tristan Pierce of HarborOne Bank.

“New England leisure markets, including Nantucket, have experienced the strongest ever lodging fundamentals over the course of the last two seasons” Schneider noted. “Flexible work and pent-up leisure demand, combined with extremely high barriers-to-entry, have made independent hotels in these sought-after markets extremely attractive in the capital markets to lenders and investors alike.

Originally built in 1806, the Anchor Inn is a 12-key bed-and-breakfast located at 66 Centre Street. Greydon House, built in 1850, is a 20-key, luxury hotel located at 17 Broad Street. The two hotels offer upscale dining at Via Mare at Greydon House.

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JLL's Schneider

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Financing
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