News: Financial Digest

Spiegel Associates arranges $1.4m for multifamily construction project

Randolph, MA Sidney Spiegel of Spiegel Associates has arranged a $1.4 million construction loan for a multifamily project. The loan was funded by a Community bank that saw the value of the project to the community.

The project will consist of a three story mixed use building containing four commercial units and eight residential units. 

 Spiegel Associates works closely with union pension plans, insurance companies, conduits, commercial banks, and local savings banks to provide competitive rates and terms for all types of commercial real estate. Spiegel Associates’ expertise and relationships with a variety of funding sources provides solutions to the financing needs of investors and developers. 

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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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