Hajjar Management Secures $10.6M Loan For Fall River Church Redevelopment | 160 Seabury Street | Rockland Trust | Church | Loan

Summary

Loan

MASSACHUSETTS

Church

37,850 sqft

The 151-year-old Sacred Heart Church and rectory located at 160 Seabury Street in Fall River, MA, with a total square footage of 37,850, is to be transformed into 46 market-rate apartments. The loan amount of $10,600,000 was secured from Rockland Trust by Hajjar Management for this redevelopment project.

Summary of transaction details:

Property Type: Church
Transaction Amount: $10,600,000
IMAGE: Erin Williams
LANDLORD: Chuck Hajjar - Hajjar Management

Erin Williams from Rockland Trust provided the financing of $10.6 million for the redevelopment of the Sacred Heart Church and rectory in Fall River, enabling the conversion into market-rate apartments. Chuck Hajjar, representing Hajjar Management, acted as the landlord in this transaction.

Players

All
1

Lenders
1

Rockland Trust

Details

Deal Summary

FINANCED

IMAGE: Erin Williams DATE: 04/19/2024 ADDRESS: 160 Seabury Street MARKET: Fall River, MA ASSET TYPE: Church ~ SF: 37,850 LENDER: Erin Williams - Rockland Trust LANDLORD: Chuck Hajjar - Hajjar Management LOAN AMOUNT: $10,600,000 NOTE: Hajjar Management secured $10.6 million in financing from Rockland Trust for the redevelopment of the 151-year-old Sacred Heart Church and rectory in Fall River, converting them into 46 market-rate apartments.

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Address160 Seabury Street

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