Bulfinch Completes Refinancing of Harvard Square Asset
NEEDHAM, MA — July 22, 2015—The Bulfinch Companies, Inc., a private real estate investment, development and management firm, today announced he completion of a refinancing of its retail and commercial property, Mount Auburn Place at 125 Mount Auburn Street, in Cambridge, Massachusetts.
Boston-based Fantini & Gorga procured a permanent, long-term non-recourse loan for the asset through Lincoln Financial Group, a Fortune 500 Company with over $94 Billion of assets headquartered just outside of Philadelphia in Radnor, Pennsylvania.
Mount Auburn Place is a five-story, first-class office and retail building located in the heart of historic Harvard Square. Designed by Elkus-Manfredi Architects, the building was developed and constructed by Bulfinch in 2001 and offers immediate access to the MBTA Harvard Square Redline station, as well as an unprecedented number of area amenities.
“Mount Auburn Place is an extremely well located and fully leased asset where retail and commercial services are readily available and in demand.” said Eric Schlager, CEO at Bulfinch. “We were pleased to have closed this transaction with Lincoln Financial Group and appreciate the confidence they have in Bulfinch and the asset and its future. Bulfinch looks forward to expanding our relationship with Fantini & Gorga and their correspondent lender, Lincoln Financial, in the quarters ahead.”