News: Financial Digest

Boston Private Bank & Trust Co. hires McNally as vice president

Boston Private Bank & Trust Company, a wholly owned subsidiary of Boston Private Financial Holdings, Inc. has appointed John McNally to vice president of residential mortgages for the bank's Lexington office. In this position, McNally will be responsible for servicing clients' residential mortgage needs while building relationships with realtors, CPAs, attorneys and other referral sources. McNally will work closely with homebuyers - guiding them from start to finish through the steps of purchasing a home. With more than 23 years of experience in the mortgage industry, McNally will assist Boston Private Bank in continuing to develop new relationships in Concord and Lexington, while helping to build a strong connection with the local community.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

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.
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Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

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