The Procopio Cos Secures $17M Construction Loan For Development Site In Portland, ME

The Procopio Cos has secured a $17,000,000 construction loan for a development site located at 75 Chestnut Street in Portland, ME. The loan, provided by undisclosed lenders, will be used for the construction of the property.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,000,000
• Address: 75 Chestnut Street, Portland, ME
• Market: Portland, ME

Colliers International, represented by Jeff Black, Sean Burke, and Bryan Koop, acted as the brokers in this deal. They played a crucial role in facilitating the loan for The Procopio Cos.

This transaction highlights the partnership between The Procopio Cos and Colliers International. It showcases their commitment to the development of the property at 75 Chestnut Street and their successful collaboration in securing the construction loan.