Fantini & Gorga arranges $12m refi for a Marshalls landlord in Swampscott

Photo courtesy of Fantini & Gorga.
Photo courtesy of Fantini & Gorga.

Fantini & Gorga, a Boston-based mortgage banking firm, it has arranged a $12 million refinancing package for a the landlord of a free-standing Marshalls store in Swampscott.

Casimir Groblewski, managing director of Fantini & Gorga, represented landlord Botsini-Paradise Road LLC, a Massachusetts-based commercial real estate investment group, in the transaction.

Occupying 53,872 square feet, this Marshalls is located in Vinnin Square, a retail district in Swampscott. It has operated at this location for more than 30 years.

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According to Groblewski, the capital market was attracted to this opportunity because of the strength of the location and the tenant.