News: Connecticut
Posted: January 2, 2008
Tremont Realty Capital structures $3m financing for Conn. bank portfolio
Stephen Henderson, a senior director with Tremont Realty Capital, arranged the $3 million loan for the refinancing of a portfolio of bank buildings located in various locations throughout Connecticut, funded through a regional bank.
The 10-year non-recourse loan provided for roughly 75% loan-to-value, with a competitive interest rate. The properties were 100% occupied at the time of closing. Major tenants include local and national banks.
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Reveneer relocates to 9,800 s/f office space at TradeCenter 128
Woburn, MA Reveneer has relocated its global inside sales operation from Burlington to Woburn. Formerly headquartered on Burlington Mall Rd., the firm now occupies 9,800 s/f at Cummings’ landmark TradeCenter 128 business and technology campus.
