Murphy PC Advises Borrower in Commercial Property Refinancing in Nantucket, Massachusetts

December 10, 2025-Murphy PC represented a borrower limited liability company, an affiliate of a real estate investor managed by the investor’s family office, in connection with the refinancing of a commercial property located in Nantucket, Massachusetts. The retail property is leased to a national residential brokerage firm.

The borrower is an affiliate of a private real estate investor whose portfolio is managed through a family office structure. The family office oversees a diversified portfolio of various real estate investments in Massachusetts and other select markets, with a focus on long-term ownership of high-quality assets.

The transaction involved negotiating comprehensive loan documents with a regional lender, as well as coordinating tenant-related agreements essential to the refinancing. Murphy PC also served as title counsel, issuing a lender’s title insurance policy and related endorsements.

The refinancing required close coordination among the borrower, lender, and tenant, including negotiation of a subordination, non-disturbance and attornment agreement and an estoppel certificate to ensure the lender’s security interest while preserving the tenant’s occupancy rights under its existing lease.

About Murphy PC

Murphy PC is a Boston-based law firm specializing in substantial real estate and business transactions for real estate developers and investors. The firm’s practice includes project development, acquisitions and dispositions, joint venture agreements, construction contracts, financing, leasing, and title insurance matters across residential, mixed-use, condominium, multi-family, office, retail, educational, industrial, hospitality, and restaurant sectors.

News & Insights

Murphy PC Advises Client in Joint Venture Restructuring and Mezzanine Financing in Boston, Massachusetts

March 20, 2026-Murphy PC represented a member of a joint venture in connection with the restructuring of a joint venture arrangement relating to a property in the Boston, Massachusetts. The restructuring enabled the client to obtain mezzanine financing from a foreign lender qualifying for the...

The Real Estate Cycle: Where We Are and What It Means

February 21, 2026 | Author:  David J. Murphy The Four Phases Commercial real estate moves through four generally recognized phases: recovery, expansion, hypersupply, and recession. JPMorgan Chase provides a useful overview of this framework (jpmorgan.com). During recovery, occupancy improves from its low point, but new...

Commercial Real Estate Sentiment Steady in Q1 2026 as Debt Availability Improves

February 20, 2026 | Author:  David J. Murphy The Real Estate Roundtable released its Q1 2026 Sentiment Index on February 20 (full report at rer.org). The overall index registered 66, down one point from the prior quarter. Senior CRE executives describe a market in the...