Bulfinch Completes Refinancing of Harvard Technology Center
NEEDHAM, MA — November 17, 2017 —The Bulfinch Companies, Inc., a private real estate investment, development and management firm, today announced the completion of the refinancing of Harvard Technology Center, 784 Memorial Drive in Cambridge, MA. The property, on the National Register of Historic buildings, represents a core Bulfinch holding.
Harvard University recently executed a long-term lease for the entire building with plans to house its Technology Services Department in the property. The iconic asset is conveniently located along the Charles River with easy access to Harvard Square, Allston, Boston, and the Mass Pike.
The 20 year loan was closed with Lincoln National Life Insurance Company, further expanding the strong relationship Bulfinch shares with the lender. The refinancing captures the favorable rate environment, providing substantial interest savings
“We were pleased to seamlessly negotiate and execute long term financing at an attractive fixed interest rate with Lincoln National Life,” says CEO Eric Schlager. “Bulfinch values its long-term established lender relationships and we look forward to completing many more transactions in the near future with Lincoln.”