Eastern Mortgage Capital Provides $23M In Permanent Financing For Portland Multifamily Property

Eastern Mortgage Capital has provided a loan of $23,040,000 for a multifamily property located at 48 Salem Street in Portland, ME. The property consists of 166 units and the loan is in the form of permanent financing. Tim O’Donnell & Derek Coulombe of Fantini & Gorga served as the brokers for the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,040,000
• Address: 48 Salem Street, Portland, ME
• Market: Portland, ME
• Units: 166

Tim O’Donnell & Derek Coulombe, representing Fantini & Gorga, facilitated the deal between the borrower and Eastern Mortgage Capital. They played a crucial role in successfully securing the permanent financing for the multifamily property.