Jeffrey J. Tengel Of Rockland Trust Provides $7.3M Loan For 478 Rantoul Street Redevelopment

The asset involved in this transaction is a development site located at 478 Rantoul Street in Beverly, MA, which encompasses 3 residential units. The transaction recorded a loan amount of $7,308,243 from the lender Rockland Trust, which will be utilized for the redevelopment of the site into mixed-use and residential units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,308,243
• Address: 478 Rantoul Street
• Market: Beverly, MA
• Lender: Jeffrey J. Tengel - Rockland Trust

The key individual involved in this transaction is Jeffrey J. Tengel, representing Rockland Trust as the lender facilitating the loan for the redevelopment project at the specified location.