Eastern Union Arranges $9.4M Construction Loan For Development Site At 100 River Street In Springfield, VT

The property asset involved is a development site located at 100 River Street in Springfield, VT. The asset is part of a multi-phase renovation project, and the total loan amount for the construction phase is $9,424,405. The market for this development site is identified as Springfield, VT.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,424,405
• Loan Type: Construction
• Date: 04/07/2025
• Brokers: David Merkin & Marc Tropp - Eastern Union

This transaction was facilitated by Eastern Union, with senior managing director Marc Tropp leading the arrangement of the construction-to-permanent refinancing specifically for the first phase of the renovation project at this location.