Pearlmark Real Estate has closed a $4 million mezzanine debt investment to refinance the DIOR, a 48-unit multifamily property in Dedham, Massachusetts. Located near the Legacy Center at 978 Providence Hwy, this property features approximately 9,000 square feet of ground-level retail space.
The investment was made on behalf of Pearlmark Mezzanine Realty Partners V L.P., with Vacca Property Management represented by Brian Sheehan from Capital Stack Commercial Real Estate Finance for the recapitalization process. An entity managed by Argentic provided senior loan funding and Steve Gordon from Pearlmark arranged the transaction.
This post highlights how Dedham’s multifamily property secured $4M in refinancing funds through an experienced team of real estate professionals and financial lenders working together towards success!
