News: Financial Digest

Smith joins Arbor Commercial Mortgage, LLC as director in the Boston office

Arbor Commercial Mortgage, LLC has appointed Trevor Smith as director in the company's local office. Smith is responsible for originating loans under all of Arbor's multifamily and commercial product lines, including Fannie Mae, FHA and Bridge. Smith reports to Ken Fazio, senior vice president, national production manager. Prior to joining Arbor, Smith served as senior financial analyst and team leader of the multifamily lending group at Key Bank Estate Capital, during which time he originated Fannie Mae, Freddie Mac and FHA financing and was also responsible for managing the workflow of the Eastern Region and National Accounts analyst pool, assigning deals, reviewing deal packages prior to submission to investors and maintaining quality control. Previous to that role, Mr. Smith was a Financial Analyst in the Commercial Mortgage Group at Key Bank Real Estate Capital.
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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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