L.J. Melody closes $19m in Northeast transactions.

The Boston office of L.J. Melody & Company arranged $19 plus million in three separate transactions in Manchester, New Hampshire and Westborough and Boston, Mass.

In the first transaction, financing in the amount of $10.28 million was arranged for a 262,000 s/f flex building located on the banks of the Merrimack River in Manchester, New Hampshire. Originally constructed at the turn of the century as a mill complex, the property underwent an extensive renovation in 1987 at which time it was converted to its current use. The building was approximately 90% leased by more than 25 tenants at closing. Michael Prakken, director, secured the funding for this transaction on behalf of the borrower, Haverford-Hathaway, L.L.C., an affiliate of SMC Holding L.L.C. Bank of America Securities provided the non-recourse loan with a 10- year term and a 30- year amortization at a fixed rate of 5.53%.

In the second transaction, Frank Petz, director, arranged the $8.6 million sale of a note that is secured by the Regal Cinema Theater, a 12-screen theater complex located in Westborough, Mass. Mr. Petz represented the holder of the note, Hush Holdings, in this transaction.

In the final transaction, a second mortgage financing in the amount of $250,000 was arranged for 100 State St. in Boston, Mass. Michael Prakken originally arranged a $3.2 million first mortgage for this same property in fall of 2003.

The additional financing will be used to fund an ongoing capital improvement program that includes the building facade and lobby. Banknorth Massachusetts provided the funding on behalf of State Street Merchants Row, LLC.