Category: Financial Digest

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.

Worcester, MA Marcus & Millichap Capital Corp. (MMCC) arranged $18.65 million in financing for three multifamily properties located in Worcester, Framingham and Waltham.

Wilmington, MA JLL Capital Markets secured $92 million in financing for Fordham Park Robotic and Logistics Campus, a three-building robotics, R&D and distribution park.

The most important point was that the Federal Reserve Bank, aka the Fed, was not in charge of those real estate lending rates. I was tired of hearing that, if the Fed lowered rates by a few points, more housing would be built, and thus could be more affordable through more supply.

SALEM, MA MassDevelopment has issued a $6 million tax-exempt bond on behalf of Plummer Youth Promise, Inc., a nonprofit human services provider that seeks to improve outcomes for young people in or at risk of entering state foster care. Plummer is using bond proceeds to renovate and add to its campus in the city where the organization provides residential foster care programs

Boston, MA Eastern Bank welcomes Joseph Rodolfy as a senior vice president, commercial real estate relationship manager. Rodolfy brings over 13 years of banking experience with a focus on commercial real estate and credit analysis.

Wilton, CT AMS Acquisitions and Avenue Realty Capital have completed the joint-venture acquisition of 131 Danbury Rd. with plans to develop a 208-unit multifamily apartment complex.

Providence, RI Larew Doyle & Associates placed $15.9 million in land acquisition financing on behalf of Laurelmead, a senior living community. The financing enabled Laurelmead to acquire the land beneath its

Providence, RI In the past year, Preserve Rhode Island and Grow Smart Rhode Island have worked jointly to advocate for improvements to RI’s Historic Tax Credit program. This has involved meeting directly with developers

Westerly, RI Washington Trust has been recognized as Rhode Island’s Best-In-State Bank for 2025 by Forbes, marking the seventh consecutive year the bank has appeared on the list, and the third consecutive year they have

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.

Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19^th at the Babson Executive Conference Center in Wellesley, Mass.