The asset involved in this transaction is a development site located at 250 Water Street in Williamstown. The lender for this transaction is Rockland Trust, which facilitated a loan amounting to $23,150,000 for the financing of the third phase of Cable Mills, known as River Lofts. This phase will comprise 54 mixed-income rental units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,150,000
• Lender: Jeffrey Tengel - Rockland Trust
• Landlord: 250 Water Street LLC
• Market: Williamstown

This transaction highlights the key roles of Jeffrey Tengel representing Rockland Trust as the lender in this financing deal. The project, River Lofts, is set to provide mixed-income housing options in the Williamstown area, expanding the community's rental offerings.