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Winchester Massachusetts- Doug Nickerson, Nickerson Financial Corporation, Mashpee, Massachusetts has arranged a $5,500,000 construction loan on behalf of its client, Winchesterplace LLC . The property is strategically located in downtown Winchester, and will consist of twelve condominium units. The principles of Winchesterplace LLC have successfully owned and managed multi-family and commercial properties for many years. |
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The condominiums will have panoramic views of the Fells and Winchester common. They will have exceptional space with unit sizes that run from approximately 1,350 to 2,213 square feet. Special features include, high ceilings, fireplaces and state of the art kitchens. Additional amenities to all residences include central air conditioning, indoor garage parking and security and handicap access to all residences. Each residence will have an ample storage area and depending on location, will have a private patio, courtyard or balcony. The four story building has an elevator and has the security of on site concierge. The construction loan was for a term of twenty four months, and the rate is prime plus 1/2. Bill Caci of the Winchester office of Carlson GMAC Real Estate, is the listing Broker. His knowledge of the town and sale comps was of assistance as the transaction was processed. |
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