Rockland Trust Provides $21M Financing For Eagle Mill Redevelopment Project In Lee, MA

The property at 88 West Park Street in Lee, MA, is a development site for the Eagle Mill redevelopment project. The project involves the transformation of a historic mill building into 56 mixed-income rental units. Rockland Trust provided financing of $21,000,000 for the first phase of this development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $21,000,000
• Units: 56
• Lender: John Quintal - Rockland Trust
• Landlord: Jon Rudzinski - Rees-Larkin Development & Eileen Peltier - Berkshire Housing Development Corporation

The key individuals involved in the deal are John Quintal from Rockland Trust, who acted as the lender, and Jon Rudzinski from Rees-Larkin Development, along with Eileen Peltier from Berkshire Housing Development Corporation, who served as landlords for the property transaction.