We don’t know what all this means yet. However we felt it was important to get the data out there. CLICK TO ENLARGE IMAGES
Framingham Nobscot LLC appears to have sold/transferred Nobscot Plaza to Harbor One Bank for $49,000,000 on 1/4/2023
1 thought on “Framingham Nobscot LLC appears to have sold/transferred Nobscot Plaza to Harbor One Bank for $49,000,000 on 1/4/2023”
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Again, I like your investigations but you get so excited to expose something that you get ahead of yourselves. This just looks like a transfer of security of a loan. Maybe from a construction loan to permanent financing.
What is a Collateral Assignment Of Lease? A collateral assignment of lease is a legal contract that transfers the rights to rental payments from the asset’s owner to a lender to secure funding. In this contract, the lease’s rentals are like a loan from the funder to the lessor and the lease acts as security.
This is not a loan document or a title/deed. It is a mortgage document which is in regards to security for a loan.
People confuse the loan document with the mortgage document and often refer to a loan as a mortgage.
Slow down a little and google what you have before jumping to conclusions.