Boston-based Fantini & Gorga recently arranged $5,700,000 in first mortgage financing for an 18,250-square foot, retail center shadow anchored by Home Depot and located at 4, 6-20 Home Depot Drive, Plymouth, MA, just off Route 3 at Exit 5, on behalf of its client, FREJA, LLC.

The retail property is 100% occupied and is anchored by a Hilton Gardens Inn ground lease. Besides the hotel, which has 130 rooms, tenants include New Tokyo Japanese restaurant, Sleepy’s Mattress, Hot Locks Spa and Salon, and Massage Envy.  The complex was developed in 2005-2006 and is attractively designed and constructed in a first class manner.

In addition to the 130,000 square foot Home Depot, other nearby tenants include West Marine, The 99 Restaurant, Town Fair Tire, and Tufankjian Honda.

 The Fantini & Gorga team was led by Casimir Groblewski, Senior Managing Director, and Jason Cunnane, Senior Analyst, who together arranged the refinancing on behalf of Franklin-based FREJA, LLC. The loan was placed with a major Massachusetts-based financial institution. “This assignment generated a great deal of interest from a wide variety of lenders, all of whom recognized the high quality of this asset as well as the property’s excellent location, occupancy history, sponsorship and management. The result was a very attractive long term, floating  rate/fixed rate option, non-recourse loan,” stated Groblewski. “The lender significantly exceeded our client’s expectations.”

Fantini & Gorga (www.fantinigorga.com) is one of New England’s leading mortgage banking firms. Headquartered in Boston, Fantini & Gorga specializes in assisting its clients in arranging traditional debt, mezzanine, and equity financing for all commercial property types throughout the United States. Fantini & Gorga combines deep regional roots, broad experience, market knowledge, and national/international reach in access to capital.