MINCO Development Corporation Secures $30.6M Loan For Multifamily Property At 1 Boston Way

The closed property transaction took place at 1 Boston Way in Newburyport, MA. The asset involved in the transaction is a multifamily property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,600,000
• Lender: Rockland Trust - Nancy Bailey; Newburyport Bank
• Landlord: MINCO Development Corporation - Louis Minicucci

Representing the buyer, Nancy Bailey from Rockland Trust and the Newburyport Bank provided the loan for the transaction. The seller, Louis Minicucci, represented the MINCO Development Corporation as the landlord.