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Micozzi Picks Up Apartments in Ayer
Cornerstone Realty Capital recently arranged $9.1 million for the acquisition of Littleton Lyne, a 76-unit apartment property in Ayer, MA. For the buyer, the Micozzi Companies, Cornerstone president Paul Natalizio secured a low fixed-rate loan with partial recourse and two years of interest only followed by a 30-year amortization.
“Cornerstone played an instrumental role in this acquisition, as they were able to deliver the most competitive loan terms in the market for this asset,” said Marcello Micozzi, VP at the Micozzi Companies. “Their understanding of our goals, market knowledge and overall professionalism allowed us to close this transaction quickly and efficiently.”
Upon acquisition, Micozzi Companies will carry out renovations to further improve the property.
Due to Ayer’s close proximity to two key major metropolitan and employment regions in Massachusetts, the town reportedly has become a draw to those looking to make the shift from city life to a quieter area.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
