Bulfinch Completes Multiple Refinancing Transactions
NEEDHAM, MA February 10, 2017 — The Bulfinch Companies, Inc., a private real estate investment, development and management firm, today announced the completion of multiple debt refinancing activities within its portfolio.
The completed refinancing transactions deliver significant savings over the life of the loans and positively impact Bulfinch’s bottom line with interest savings that will provide flexibility for use of cash to fund future acquisitions and to reinvest in the business.
The assets refinanced and partnering lenders include properties located in Cambridge, Jamaica Plain, and Belmont and were completed with Bank of America, Belmont Savings Bank, and Eastern Bank
“We were very pleased to extend duration and fix rate on these loans and seamlessly negotiate and execute attractive terms with each of these lenders,” says CEO Eric Schlager. “Bulfinch takes pride in its long term established lender relationships and looks forward to completing many more transactions in the near future and the years to come with each of them.”