News: Financial Digest

Rockport Mortgage Corp. provides $2.55m for Donna Kay Rest Home

Michael Byrnes of Rockport Mortgage Corporation announced that the firm has provided a $2.55 million HUD 232 loan to finance the acquisition of Donna Kay Rest Home. Donna Kay Rest Home is a one-story building consisting of 60 bed units. The facility was originally constructed in 1975. Although Donna Kay Rest Home is licensed as a rest home, it was constructed to meet standard nursing facility requirements and has many features. The facility has an integrated nurse call system, which are not normally found in competitive residential care facilities. The purpose of the HUD 232 loan was to provide funds for the acquisition, repairs and upgrades to improve the marketability. The loan provides funds to renovate the facility and construct additional showers enhancing its marketing and appeal to people and families looking for an alternative to the higher priced assisted living facilities.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary