News: Financial Digest
Posted: March 13, 2008
NorthEast Community Bank closes $530,000 in loans for apt. properties
NorthEast Community Bank has recently closed $530,000 in loans consisting of several transactions.
North Star Financial Services arranged the following transaction:
* $210,000 in refinance money for a mortgage secured by a three-story apartment building in Cranston, R.I.
Kavanaugh Commercial Mortgage arranged the following transactions:
*$318,750 in purchase money and $220,000 in refinance money for a mortgage secured by two 3-story apartment buildings in Leominster, Mass.
NorthEast Community Bank completed transactions made up of the refinance of four properties consisting of a three-story apartment building, located in Weymouth, Mass., a three-story apartment building located in Foxborough, Mass. and two, two-story apartment buildings located in Norton, Mass.
Tags:
Financial Digest
MORE FROM Financial Digest
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.
Columns and Thought Leadership
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay
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.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)
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.
