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$1,300,000 : Cold Storage Refinance, Boston, MA
New York based Mercury Capital Corporation, a nationwide bridge lender, is pleased to announce that it has recently funded a two-year $1,300,000 first mortgage secured by a 28,000 square foot cold storage & freezer facility in Boston, Massachusetts.
“With a short supply & high demand, well-located cold storage facilities in the metro-Boston area are extremely desirable properties, but are often difficult to finance because of their single-use nature” explained Marc Gleitman, President at Mercury Capital. “Located in the Roxbury neighborhood, this particular area is currently experiencing a period of revitalization with several new commercial projects underway. Our financing enabled the borrower to focus on redeveloping their business without financial pressure.”
Mercury Capital Corporation, founded in 1989, offers borrowers an immediate financing alternative for short-term needs. Gap/Bridge financing, discounted mortgage buybacks, unpaid tax remittances, foreclosure workouts, bankruptcy resolutions and short fuse opportunity financing are all examples of transactions that can be closed with immediacy. Mercury Capital lends on commercial properties nationwide offering loan amounts ranging from $1,000,000 to $20,000,000.
For more information please contact Mercury at 212.661.8700
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