Category: Financial Digest
Campanelli secures $38.2 million construction loan with Cambridge Savings Bank
December 15, 2023
Boxborough, MA Campanelli is further expanding The Park at Beaver Brook. Campanelli has secured a $38.2 million construction loan from Cambridge Savings Bank, a full-service mutual bank with more than $6 billion in assets. The financing package
JLL Capital Markets secures $35 million financing for 123-unit development
December 15, 2023
Worcester, MA JLL Capital Markets has arranged $35 million in financing for The Arbella at Bramble Hill, a to-be-built, 123-unit, active adult seniors community. JLL worked on behalf of the borrower, UW Senior, LLC, through the developer,
Rockland Trust provides $12.5 million for affordable
housing development in Bourne, Mass.
December 15, 2023
strong>Bourne, MA Nonprofit Preservation of Affordable Housing (POAH) has secured more than $12.5 million in financing from Rockland Trust for the construction of Cape View Way, LLC, a 100% affordable housing development. Cape View Way will be designed to Passive
Cornerstone arranges $35.7 million in financing for condominium development in Portsmouth, N.H.
December 15, 2023
Portsmouth, NH Cornerstone Realty Capital arranged $35.7 million in financing for the construction of a 95-unit residential condominium development. The project will feature a four-story condominium building with 95 residential condos, 112 surface parking spaces
Real Estate Finance Association closes out the year with quality programming
November 10, 2023
Boston, MA On Tuesday, October 10th, the Real Estate Finance Association (REFA) held a One Congress Walking Tour & Networking Reception. The member-wide property tour provided exclusive access to a tenant’s space. Tom O’Brien, managing partner, chief executive officer, HYM and Ryan Quick, vice president
Washington Trust promotes Lyons to senior vice president and team leader of commercial real estate d...
November 10, 2023
Westerly, RI According to Washington Trust, Bethany Lyons was promoted to senior vice president and team leader of its commercial real estate division. She is responsible for managing the lending and sales activities, including deal sourcing, structuring, and portfolio management,
JLL Capital Markets arranges $75 million credit facility for Sendero Capital and Angelo Gordon
November 10, 2023
Boston, MA JLL Capital Markets has arranged a $75 million credit facility on behalf of a joint venture between Sendero Capital and Angelo Gordon that was formed to target the medical property sector.
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay
November 10, 2023
It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
The Boulos Co. reps. The Yilmaz Family, LLC in purchase of KeyBank branch
November 10, 2023
Freeport, ME The Yilmaz Family, LLC purchased the former KeyBank branch at 135 Main Street for an undisclosed amount. The buyer noted the size of the 4,590 s/f building and its prime location as having good potential for a retail tenant.
Marcus & Millichap Capital Corp. arranges
$5.02 million in financing for The Grant St. Complex
November 10, 2023
Framingham, MA Marcus & Millichap Capital Corporation (MMCC) has arranged $5.02 million in acquisition financing for The Grant St. Complex, a multifamily property. Located at 115-133 Grant St., the complex consists of 26 one-, two-, and three-bedroom units
Worth Avenue Capital, LLC closes $3.25 million commercial loan
November 10, 2023
strong>Warwick, RI Worth Avenue Capital, LLC has closed a $3.25 million commercial loan to a Massachusetts-based real estate developer/investor. The loan proceeds were used by the sponsor to purchase a strategically positioned real estate parcel near the TF Green Airport
Rockland Trust Charitable Foundation grants
$75,000 to More Than Words
November 10, 2023
Waltham, MA Rockland Trust Charitable Foundation has presented a $75,000 grant to More Than Words (MTW). MTW is a social enterprise that empowers young adults ages 16-24 who are court-involved, in the foster care system, out-of-school, or experiencing homelessness to take charge of their lives.
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