Bank Of New Hampshire Provides $27.77M Construction Loan For Hotel Project In Revere MA

The asset involved is a hotel located at 125 Squire Road in Revere, MA. The project is set to undergo construction and was initially designed for 100 rooms but was revised to accommodate more than 150 rooms. The construction loan secured for this property is $27,774,000.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $27,774,000
• Lender: Bank of New Hampshire
• Loan Type: Construction
• Market: Revere, MA
• Address: 125 Squire Road

The developer of the planned hotel at 125 Squire Rd. has finalized the construction loan arrangement with Bank of New Hampshire. This project reflects a significant investment, with the construction loan amount indicating a robust financial commitment towards the expansion of hotel accommodations in the area.