HarborOne Bank Provides $11M Refinance Loan For Nantucket Hotel

Located in Nantucket, MA, the property at 66 Centre Street & 17 Broad Street recently underwent a closed transaction. This asset is a 32-key hotel, with the transaction taking place on September 28, 2022.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $11,000,000
• Address: 66 Centre Street & 17 Broad Street
• Market: Nantucket, MA
• Lender: HarborOne Bank - Tristan Pierce
• Landlord: Faros Properties
• Broker: Jonathan Schneider - JLL
• Loan Type: Refinance

The loan for this transaction was provided by HarborOne Bank. The lender's representative in this deal was Tristan Pierce. As for the landlord, Faros Properties was involved in the transaction. The broker representing the parties in this deal was Jonathan Schneider from JLL. The loan amount agreed upon for this refinance was $11,000,000.