Murphy PC Advises Borrower in Financing of Mixed-Use Property Featuring Historic Restaurant and Luxury Residences

December 10, 2025-Murphy PC represented a borrower limited liability company in connection with the refinancing of a mixed-use property located in Nantucket, Massachusetts. The property, which includes a restaurant and luxury residences, is occupied by a master lease tenant whose subtenant operates a historic restaurant with over a century of history. The restaurant, which recently underwent extensive renovations, continues to be a popular destination.

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 obtaining a subordination, non-disturbance and attornment agreement and estoppel certificate from the master lease tenant to satisfy lender requirements and protect the interests of all parties.

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.