Mill Creek Residential Secures $66M Construction Loan For Marshfield Multifamily Project | 200 Commerce Way | MultiFamily | Loan

Summary

Loan

MASSACHUSETTS

MultiFamily

The Modera South Shore Marshfield project, located at 200 Commerce Way in Marshfield, MA, is a multifamily asset comprising 270 apartment homes. William MacDonald of Mill Creek Residential serves as the landlord for this new development.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $66,000,000
Loan Type: Construction
Lender: Santander Bank
Landlord: William MacDonald - Mill Creek Residential

Mill Creek Residential successfully secured a $66 million construction loan from Santander Bank for the Modera South Shore Marshfield project. The apartment homes are anticipated to be ready for occupancy by fall 2025.

Details

Deal Summary

FINANCED

IMAGE: William MacDonald DATE: 04/24/2024 ADDRESS: 200 Commerce Way MARKET: Marshfield, MA ASSET TYPE: Multifamily ~ UNITS: 270 LENDER: Santander Bank (@SantanderBankUS) LANDLORD: William MacDonald - Mill Creek Residential (@MillCreekResidential) LOAN AMOUNT: $66,000,000 LOAN TYPE: Construction NOTE: Mill Creek Residential secured a $66 million construction loan from Santander Bank for their Modera South Shore Marshfield project, featuring 270 apartment homes with move-ins expected in fall 2025.

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Address200 Commerce Way

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