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NH Assets Get $7.8M Refinancing

NORTH HAMPTON, NH-The loan is secured by a pair of auto dealerships and an equipment rental facility.

By Joe Clements | Updated on May 01, 2008

NORTH HAMPTON, NH-A refinancing of $7.8 million is provided for three commercial properties here in southeastern New Hampshire. The note is struck on behalf of the McFarland family, a well-known operator of automobile dealerships in the Seacoast region.

“In the face of great uncertainty in the automobile industry, particularly at the retail level, we were pleased to be able to respond to our client’s refinancing requirements with a creative and solidly structured loan package,” says Casimir Groblewski, managing director of Fantini & Gorga, the Boston-based mortgage banking firm that secured the loan. Groblewski cited the solid reputation of the borrowers and the “high quality and successful history of the properties” for being able to arrange the refinancing through an unnamed national life insurance company.

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