Civico Development Secures $12.9M Loan From Hingham Institution For The Walker Center Redevelopment

The transaction involves a loan secured for the redevelopment of The Walker Center, located at 138 & 144 Hancock Street in Auburndale, MA. The overall loan amount is $12,900,000, aimed at expanding the existing buildings into 12 housing units. The redevelopment is currently subject to review by the City of Newton regarding adjacent property options.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $12,900,000
• Lender: Robert H. Gaughen - Hingham Institution for Savings
• Landlord: Andrew Consigli - Civico Development

The key individuals involved in this transaction include Robert H. Gaughen, representing Hingham Institution for Savings, who provided the loan, and Andrew Consigli, who represents Civico Development as the landlord overseeing the redevelopment project.