Jasie of Pioneer Financial Group closes $1 million construction loan
Pioneer Financial Group, LLC recently placed construction financing in the amount of $1 million on behalf of Modernova Development LLC. Managing member Sean Jasie worked with the borrower in securing the loan.
Pioneer Financial Group worked with a regional private lender in securing the $1 million loan. The borrower purchased the land last year for $200,000. The closing took approximately 21 days to complete from request to funding.
The new building will be one story with underground parking. It will offer 5,000 s/f of retail space. Tenants for the space have already been secured and the city of Boston is very excited about the project.
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.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
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.