Fortis Property Group Secures $85M Bridge Loan For Mixed-Use Property In Boston, MA

The mixed-use property located at 47-55 Lagrange Street in Boston, MA has been involved in a closed transaction. The property, owned by Fortis Property Group, was secured for a loan by Gatehouse Capital Partners, Fort Amsterdam Capital, and Crayhill Capital Management. The loan amount for this bridge loan is $85,000,000, and the loan terms are specified as a Condo Inventory Loan.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $85,000,000
• Market: Boston, MA
• Lender: Gatehouse Capital Partners, Fort Amsterdam Capital, Crayhill Capital Management
• Landlord: Fortis Property Group
• Broker: Henry Bodek - Galaxy Capital

The deal involved the collaboration of Henry Bodek from Galaxy Capital as the broker representative. He played a crucial role in facilitating the transaction between the lender consortium consisting of Gatehouse Capital Partners, Fort Amsterdam Capital, and Crayhill Capital Management, and the property owner, Fortis Property Group.