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Saxon Partners, Tritower Financial Group Squared Up to Start $80M Residence in Lebanon
Hingham, MA-based Saxon Partners has teamed with Boston, MA-based Tritower Financial Group, LLC, and secured $79.7 million in joint venture equity and senior secured construction financing for the development of THE MAREK at Lebanon, a 250-unit, Class A multifamily in Lebanon, NH.
Jeff Black, Kevin Phelan, Sean Burke and Bryan Koop of Colliers acted as advisor to Saxon Partners on its joint venture with Tritower Financial Group, LLC, and worked on behalf of the new partnership to secure a fixed-rate construction loan from a syndicate led by Brookline Bank.
THE MAREK at Lebanon will sit on 17.7 acres 343 Mount Support Road in the Upper Valley, an area of NH and VT that is billed as a center of innovation and is home to healthcare and educational facilities that are among the best in both the region and the country.
The property is a fully entitled 100% market-rate community that will consist of two elevator-serviced, four-story over one-story podium apartment buildings with a two-story, 10,500-square-foot amenities building.
- ◦Development
- ◦Financing
