PROVIDENCE – Fantini & Gorga, a Boston-based mortgage banking firm, helped arrange a refinancing deal for a $1.7 million facility for Advance Auto Parts in Fall River. The property is at the corner of Tucker Street and Rhode Island Avenue.
The Fantini & Gorga team arranged the financing through a Massachusetts-based credit union.
“We were pleased to be able to deliver competitive, five-year renewable fixed-rate financing with a 30-year amortization schedule for our client,” said Casimir Groblewski, senior managing director, who worked on the project with analyst Jon Garcia.
The property includes 9,800 square feet of rentable area on 1.02 acres of land along Rhode Island Avenue in Fall River, a major retail corridor, close to local and regional highways. This store serves as the distribution point for all Advance Auto Parts tenants throughout Cape Cod, southeastern Massachusetts and Rhode Island.
Fantini & Gorga specializes in arranging traditional debt, mezzanine and equity financing for all types of commercial property throughout the United States.
Mary Lhowe is a PBN contributing writer.
