A refinancing occurred involving a multifamily asset located at 6 Rantoul Street in Beverly, MA. The deal was valued at $22,000,000 and pertains to a new apartment building, Amara, which is situated in downtown Beverly, Massachusetts. The refinancing supports the recently completed residential project in the city’s core.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Address: 6 Rantoul Street
• Market: Beverly, MA
• Loan Type: Refinance
• Landlord: Michael Procopio - Procopio Companies
• Landlord: Paul Karger - TwinFocus Real Estate Partners
• Landlord: Chris Koeplin - Beverly Crossing

The refinancing was secured by The Procopio Companies, TwinFocus Real Estate Partners, and Beverly Crossing, showcasing collaboration among these entities for the completion of the financing arrangement for the Amara project.