Category: Financial Digest

Boston, MA MassHousing has secured $44.6 million in financing through its CommonWealth Builder Program for six new homeownership development projects. These projects will create 220 new affordable homes for first-time, moderate-income homebuyers

Windsor Locks, CT Walker & Dunlop completed two financing deals including a shopping center and an industrial facility. Specifics on the two deals are below: Ella Grasso, located at 295 Ella Grasso Tpke. in Windsor Locks, received $14.46 million in loan proceeds to facilitate the $17.75 million total acquisition purchase.

Boston, MA On Thursday, October 5^th, over 500 REFA members and friends gathered to honor Steven Samuels, chairman & princiapl of Samuels & Associates, as he was awarded the Swain Distinguished Service Award at the 34^th Annual REFA Gala.

Wareham, MA Cornerstone Realty Capital arranged $4.1 million in financing for the acquisition of newly constructed commercial buildings. The retail properties are comprised of three new construction buildings consisting of a two-tenant building leased to five nationally recognized tenants

Weymouth, MA MassDevelopment has issued a $4.64 million tax-exempt bond on behalf of South Shore Stars, Inc., a nonprofit early education and youth development organization, which will use proceeds to buy a building at 163 Libbey Industrial Pkwy.

Wilmington, MA EagleBridge Capital has arranged mortgage refinancing in the amount of $30 million for the Ballardvale Technology Center, a flex/R&D/office complex located at 181 and 187 Ballardvale St.

Weston, CT Worth Avenue Capital, LLC (WAC) closed a $130,000 commercial loan to a real estate investor who is purchasing a residential property in town. The loan proceeds will be used towards the purchase of the aforementioned property

Boston, MA MassHousing has closed a $14.5 million deal with Rogerson Communities to extend the affordability of the 76-unit Farnsworth House senior housing for at least 24 years.

Quincy, MA JLL Capital Markets has arranged a $27 million refinancing for One Heritage Dr., a 172,849 s/f office building. JLL worked on behalf of the borrower, FoxRock Properties, to secure the five-year, fixed-rate loan

Bridgeport, CT Eastern Union, one of America’s largest commercial real estate mortgage brokerage firms, has arranged a $19.6 million construction loan in support of the conversion of a 131,075 s/f, former healthcare complex into a multifamily property at 600 Bond St.

Boston, MA The Real Estate Finance Association hosted its Annual Charitable Golf & Tennis Tournament on Monday, August 28^th at Dedham Country & Polo Club, benefiting Breaktime and FamilyAid. Over 130 golfers and tennis players gathered for a day of networking, golf, tennis, raffles, and most importantly – supporting two local organizations dedicated to ending homelessness in Greater Boston.

Mashpee, MA Eastern Bank has placed financing for the development of the LeClair Village Apartments. Scheduled to open in 2025, LeClair Village will feature 39 affordable rental units designed to serve low- and moderate-income households, including 14 one-bedroom apartments, 21 two-bedroom units, and four three-bedroom apartments. Eastern is providing a construction loan for the build-out of the Village