Fantini & Gorga finances Coventry mill rehab

COVENTRY – Fantini & Gorga, a mortgage banking firm, recently arranged $16 million in permanent financing for a rehabbed mill in Coventry.
The firm, based in Boston, is providing the financing on the Harris Mill Lofts, a 160-unit multi-family mill. The terms include a 3.75 percent fixed rate for a 15-year term on the property, according to managing director Mark Whelan.
Harris Mill, built in 1850, are the newest offering in the Brady Sullivan Properties portfolio of mill communities. The mill was the second of two textile mills developed by Rhode Island’s 20th governor Elisha Harris.
Brady Sullivan bills the rehabbed property as “luxury loft apartments” for rent with reclaimed wood flooring, high ceilings and granite kitchen counters among other amenities.
Fantini & Gorga bills itself as one of New England’s leading mortgage banking firms, specializing in arranging traditional debt, messanine and equity financing for all commercial property types throughout the United States.

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