Congratulations to our client, Kimberly Voltero, on the purchase of Emerson Inn in Rockport
Sherin and Lodgen congratulates our client, Kimberly Voltero, on the $4.1 million purchase of the historic Emerson Inn, a boutique oceanfront hotel and restaurant located on Cathedral Avenue in Rockport, Massachusetts. Voltero has plans to reestablish this grand dame hotel, and restore this stunning oceanfront corner of Cape Ann. Financing was secured in part by the Small Business Administration and BDC Capital/CDC New England.
The Sherin and Lodgen team, led by Real Estate Department chair, Carla M. Moynihan, and associate, Daniel C. Johnston, represented Voltero in various stages of the sale, including negotiation of the asset purchase and sale agreement, due diligence, financing documentation with the 504 SBA Loan, and closing.