Category: Financial Digest
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange re...
January 12, 2024
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.
Rockland Trust appoints Wadlinger as regional executive and hires Nusinov as senior vice president
January 12, 2024
Hanover, MA Rockland Trust Company has appointed Joe Wadlinger as senior vice president and commercial regional executive. In this role, Wadlinger will lead the bank’s commercial banking division north of Boston and coordinate overall business efforts across the region.
Real Estate Finance Association names 2024 board of directors
January 12, 2024
Boston, MA The Real Estate Finance Association (REFA) has named its Board of Directors for 2024. Ravi Ragnauth, partner, Berkshire Residential Investments, will serve as president, along with president-elect Jill Sharif, VP, national business development, Commonwealth Land Title Insurance Company NCS, and treasurer John Roach, commercial real estate manager, U.S. Bank.
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
Olson named executive vice president, chief banking officer at East Cambridge Savings Bank
December 15, 2023
Cambridge, MA According to East Cambridge Savings Bank, Richard Olson, a seasoned banking professional with over two decades of managerial and leadership experience in the financial services industry, has joined the bank as executive vice president,
The Village Bank celebrates opening of new Waltham branch
December 15, 2023
Waltham, MA The Village Bank has opened its newest office, located at 251 Moody St. The new office is the bank’s 9th branch location. “The Village Bank has always cherished its relationships with our neighbors in Waltham,” said
KeyBank Real Estate Capital appoints Wood as a senior mortgage banker
December 15, 2023
Boston, MA KeyBank Real Estate Capital (KBREC) has appointed Jonathan Wood as a senior mortgage banker focused on multifamily lending in the Northeast. Wood is responsible for originating loans for the multifamily sector
Union Savings Bank hires Evanko as vice president, senior commercial loan officer
December 15, 2023
Danbury, CT According to Union Savings Bank, Richard Evanko has joined the bank as vice president, senior commercial loan officer. In his role, Evanko is tasked with providing excellent service to USB’s commercial portfolio
Meehan joins MountainOne as vice president and community engagement officer
December 15, 2023
North Adams, MA MountainOne has appointed Jennifer Meehan as vice president, community engagement officer. In her role, Meehan will drive MountainOne’s community engagement efforts throughout MountainOne’s footprint in the Berkshires and the South
MassDevelopment issues $17.82m tax-exempt bond on behalf of 2Life Leland LLC - Brookline Bank purcha...
December 15, 2023
Waltham MA MassDevelopment has issued a $17.82 million tax-exempt bond on behalf of 2Life Leland LLC, an affiliate of 2Life Communities, which will use bond proceeds to demolish a vacant former rest home at 21 Newton St. and build a three-story,
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