Maine Street Capital created a financing structure for the acquisition and rehabilitation of this historic, Biddeford mill property. The RIverdam Mill complex consists of 90,000+ square feet of space spread across two buildings on the banks of the Saco River. Riverdam’s original building was built in 1842 and is known as Machine Shop #1. Five…
82 Hanover is a 40,000+/- square foot historic former industrial building in Portland’s Bayside Neighborhood. In the mid 1800s, much of what is now Portland’s Bayside neighborhood including the 82 Hanover site was within the back cover tidal zone. Over the following decades, the area was gradually filled in and became an important industrial center…
Maine Street Capital worked with a well-known Maine developer to organize financing for this 1,000,000+/- square foot historic mill campus. After working with the developer to understand the project and his vision, we completed a thorough underwriting of the deal and improved the financing terms on the existing loans in addition to securing additional funds…
Partnering with a prominent Portland landlord and developer, Maine Street Capital created a strong financing solution for this large multifamily transaction. At the time of acquisition, Bayside village was a 400+ bed student housing property. Financing the project involved securing funding for 80% of both the $20.85 million acquisition of the property and $11 million…
