Starting in the Summer of 2020, Maine Street Capital partnered with the principals of Fore Points Marina on Portland’s Eastern Waterfront to refinance the property. The marina is located in the heart of an area of explosive growth. Current developments underway include new headquarters for Sun Life Financial, Wex and Covetrus as well as the…
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…
Working together with Quince & Co, Maine Street Capital arranged financing for the acquisition of a 9,500 square foot historic mill building on Saco Island. Quince & Co, a hand-knitting yarn and knitwear design company, was looking to acquire this property to operate as a warehouse and distribution facility. Maine Street Capital created a financing…
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…
Maine Street Capital played a key role in the acquisition for this 35,550 square foot manufacturing and office facility in Saco, ME. In addition to arranging the financing, which included 2 different lenders, MSC also led the negotiations with the tenants, leases, dealings with the seller and sales broker and coordination of attorneys and closing…
Maine Street Capital arranged the financing on this out-of-state Hannaford anchored shopping center. The non-recourse loan was structured with a 2 phase draw schedule contemplating the as-is value for draw one, and the as-complete value for the second draw upon completion of the 21,000 square foot TJ Maxx retail space being built. The borrower had…
Maine Street Capital structured the acquisition, construction and long term permanent financing for the Schlotterbeck & Foss property. This Historic building, now called Schlotterbeck Block in the Bayside neighborhood, is undergoing a conversion from manufacturing space into 55 beautifully appointed micro-units. Both State and Federal Historic credits assisted with the equity for the project.
After a significant renovation of this mixed use property in the Old Port, MSC was able to recapitalize the borrower and structure a low 10 year fixed rate on a 25 year amortization using a swap execution.
