Fall River Massachusetts, Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $4,700,000

     Fall River Massachusetts, Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $4,700,000 on the Border City Mills Apartments on behalf the owner First Merchants Group. The property managed by the client is a 107-unit mill conversion multi-family property. The property is in a condominium structure with all units owned by the owner.

     The building was constructed as a mill in 1873 and was converted in 1988 into residential dwelling units. All 107 units are owned by the client. The unit mix, consist of spacious one, two and three bedroom units, all uniquely designed as is typical of a conversion of this type.  Amenities include a large indoor pool, and a fully equipped exercise facility. For those tenants who desire underground parking it is available. The property is well managed and maintained and in excellent condition. The location is most advantageous to the residents, with not only easy access to travel routes but to retail and professional centers as well.