Colliers has successfully secured $41.4 million in construction financing for the development of 57 Main, a multifamily property located in Marlborough, MA. The developer, The Procopio Companies, was represented by Colliers’ capital markets team led by EVP Jeff Black and VPs Sean Burke and Bryan Koop along with financial analyst Matt Lombardi.
The financing package includes joint venture equity from TwinFocus Real Estate Partners as well as a construction loan provided by a lending syndicate led by HarborOne Bank in partnership with Westfield Bank.
Situated within a Qualified Opportunity Zone in downtown Marlborough, this project will span over 92,000 square feet and feature 92 high-end apartments. Additionally, there will be approximately 3
