Q10|New England Realty Resources places $12.25m financing on plaza
According to James Murphy, of Q10| New England Realty Resources, financing has recently been placed on a grocery anchored retail property.
Q10| New England Realty Resources represented the borrower in securing $12.25 million in permanent financing for Merrimac Plaza, a 164,000 s/f, multi-tenant shopping plaza, located on Haverhill St. Among the tenants are Market Basket, Brooks Pharmacy, A.J. Wright, and Dollar Tree.
The 10-year fixed rate loan included 5 years of interest only.
NERR worked with Citigroup to fund this loan on time and at the agreed upon spread, despite major upheavals in the credit markets during the closing phase.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.