Boston-based Fantini & Gorga recently arranged $16.5 million in loans to develop The Residences at Malden Station in Malden.
The five-story, 80-unit, transit-oriented apartment property is being built on a 68,000-square-foot site. The developer won the right to purchase and develop the land from the city of Malden through an RFP process. Units will be a mix of studios, one- and two-bedrooms. The building will have several common areas including a fitness center and meeting rooms.
Fantini & Gorga’s Derek Coulombe, managing director, and John Gorga, president and principal, represented the client in the transaction.