First Phase of Vermont Renovation Project Secures $9.4M Loan

First Phase of Vermont Renovation Project Secures $9.4M Loan

Eastern Union arranged $9,424,405 in construction-to-permanent refinancing for the first stage of a multi-phase renovation project at 100 River St. in Springfield, VT. The financing efforts were overseen by senior managing director Marc Tropp, who led a team including senior managing director David Merkin, senior loan originator Ben Alpert and underwriter Ary Katzenstein. The loan carried an interest rate of 7.5% over a five-year term, with 36 m…