Abraham closes $20 million in financing with PNC Real Estate
Nicko Abraham, president of Abraham Properties, Inc. has recently secured $20 million in the refinancing of three commercial loans with PNC Bank. The refinancing was for an eight-story office building in Boston's Copley Sq., along with two self-storage facilities operated by Stor/Gard Self Storage in Walpole and Northboro, Mass.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
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