Eastern Bank Provides $17,000,000 Refinance Loan For Hotel Property In Nantucket, MA

The asset involved in this transaction is a hotel located at 17 Broad Street in Nantucket, MA. The loan amount secured for refinancing this property is $17,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $17,000,000
• Lender: Eastern Bank
• Landlord: Faros Properties
• Broker: Jonathan Schneider - Boston Realty Advisors
• Loan Type: Refinance
• Date: 4/15/2026

The key individuals involved in the transaction include Jonathan Schneider, who represents Boston Realty Advisors in the capacity of broker. The lender for the refinancing is Eastern Bank, while the landlord is Faros Properties.