Mountain Development Corp. Secures $22.5 Million Loan From Bank Of Montreal For Harbor Square

The property involved in this transaction is Harbor Square, consisting of a 165,114-square-foot office campus located at 700 Canal Street and 850 Canal Street in Stamford, CT. Mountain Development Corp. secured a permanent mortgage of $22.5 million from Bank of Montreal for this asset.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $22,500,000
• Address: 700 Canal Street & 850 Canal Street
• Market: Stamford, CT
• Lender: Bank of Montreal (BOM)
• Landlord: Mountain Development Corp.
• Lender's Representative: Rich Bianchi & Rick Grassey - Bank of Montreal (BOM)
• Landlord's Representative: Scott Singer, Andrew J. Singer, Kevin Swartz & Jeffrey Moroch - Avison Young

The transaction involved several key individuals and companies; representatives from Bank of Montreal, namely Rich Bianchi and Rick Grassey, managed the lending aspect, while the landlord's interests were represented by Scott Singer, Andrew J. Singer, Kevin Swartz, and Jeffrey Moroch from Avison Young. These parties facilitated the mortgage agreement, ensuring a successful transaction for Mountain Development Corp.