Peabody Properties Refinances Lowell, MA Multifamily Property For $42.4M With Rockport Mortgage

Located at 246 & 256 Market St in Lowell, MA, this multifamily property consists of 230 units. The property was recently involved in a loan transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,400,000
• Date: 05/13/2022
• Market: Lowell, MA
• Lender: Rockport Mortgage - Dan Lyons
• Landlord: Peabody Properties - Melissa Fish-Crane

The loan amount for this transaction was $42,400,000, and it was a refinancing loan. Dan Lyons from Rockport Mortgage served as the lender for this deal, while Melissa Fish-Crane represented Peabody Properties as the landlord.