Middlesex Savings Bank Provides $12.08 Million Acquisition Loan For 77 Accord Park Drive In Norwell

The property located at 77 Accord Park Drive in Norwell, MA, is a mixed-use asset comprising four office/warehouse buildings with a total area of 100,000 square feet, situated on a 12-acre lot. The property was acquired for $16 million, supported by a loan of $12,082,780 from Middlesex Savings Bank, categorized as an acquisition loan.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $16,000,000
• Loan Amount: $12,082,780
• Loan Type: Acquisition
• Address: 77 Accord Park Drive
• Market: Norwell, MA
• Square Footage: 100,000
• Acres: 12
• Lender: Middlesex Savings Bank

The acquisition of 77 Accord Park Drive was facilitated through Middlesex Savings Bank, which provided the financing utilized in this transaction. This deal highlights the involvement of lenders in supporting property acquisitions within the commercial real estate market.