SMT Development Secures $11M Construction Loan For Development Site On Warwick Street

A development site located at 13 Warwick Street in Somerville, MA has been involved in a closed transaction. The property, owned by SMT Development, was the subject of a loan for the purpose of construction. The loan amount for this transaction was $11,030,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,030,000
• Address: 13 Warwick Street, Somerville, MA
• Market: Somerville, MA
• Landlord: SMT Development
• Brokers: Shane Carthy & Michael Dignan - Finance Boston

The brokers involved in this deal were Shane Carthy and Michael Dignan from Finance Boston. They represented the parties in securing the construction loan for the development site at 13 Warwick Street, Somerville, MA.