Regions Northeast | Boston
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 6, 2008

Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.The highly-structured loan will be used to support Abbott Real Estate’s acquisition, zoning, and redevelopment of a vacant Wal-Mart located in Plymouth, Mass., into a 150 unit apartment complex on the property’s 5.8 acres of land. The apartment complex, known as Abbott Residences at Cordage Park, is the cornerstone of the Cordage Park Smart Growth District. Abbott Residences at Cordage Park will be a commuter-friendly development adjacent to the Plymouth MBTA station of the South Shore commuter rail line.

 
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