Ledgeview Way
Update
03/31/20
FinanceBoston Secures $25.7M Financing in Wrentham
FinanceBoston, a commercial real estate capital advisory firm, has arranged $25,715,000 in construction financing for Springhill Suites by Marriott and TownePlace Suites by Marriott, a 160-unit, dual-brand hotel development in Wrentham, MA. The developer is RAVentures of Westford, MA. The hotels will be the final piece of a multi-phased 53-acre project at 65 Ledgeview Way, at the intersection of I-495 and U.S. Route 1. The hotels will open in September 2020.
The transaction was handled by Doug Landry, a Partner at FinanceBoston. “The financing was completed with a syndicate of local lenders, who saw the potential for the site and who are well aligned with my client’s vision for the construction of this property,“ said Landry. “I am excited to see the finished project, which will add much-needed room count to an underserved hotel market.”
