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HarborOne Bank Provides $11M Refinance Loan For Nantucket Hotel

66 Centre Street & 17 Broad Street
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This Hotel property located in MA received a loan of $11,000,000 over 1 year ago. The broker of the deal was Jonathan Schneider

Located in Nantucket, MA, the property at 66 Centre Street & 17 Broad Street recently underwent a closed transaction. This asset is a 32-key hotel, with the transaction taking place on September 28, 2022.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $11,000,000
  • Address: 66 Centre Street & 17 Broad Street
  • Market: Nantucket, MA
  • Lender: HarborOne Bank - Tristan Pierce
  • Landlord: Faros Properties
  • Broker: Jonathan Schneider - JLL
  • Loan Type: Refinance

The loan for this transaction was provided by HarborOne Bank. The lender's representative in this deal was Tristan Pierce. As for the landlord, Faros Properties was involved in the transaction. The broker representing the parties in this deal was Jonathan Schneider from JLL. The loan amount agreed upon for this refinance was $11,000,000.

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Deals
  • Location
    66 Centre Street, Nantucket, Massachusetts 02554, United States66 Centre Street, Nantucket, Massachusetts 02554, United States
  • Loan Value
    $11,000,000$11,000,000
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Jonathan Schneider

Jonathan Schneider

Deals6
Financed$164.3M

Agency

JLL

JLL

Agency
Deals5584
Volume$332.6B

HarborOne Bank

HarborOne Bank

Lender
Deals4
Volume$ 5.2B

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Deal Summary

LOAN IMAGE: Jonathan Schneider DATE: 09/28/2022 ADDRESS: 66 Centre Street & 17 Broad Street MARKET: Nantucket, MA ASSET TYPE: Hotel ~ KEYS: 32 LENDER: HarborOne Bank (@HarborOneBank) - Tristan Pierce LANDLORD: Faros Properties BROKER: Jonathan Schneider - JLL (@JLL) LOAN AMOUNT: $11,000,000 LOAN TYPE: Refinance

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66 Centre Street & 17 Broad Street

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