Category: Financial Digest
Pentucket Bank reaches a $1 billion milestone
December 15, 2023
Haverhill, MA Pentucket Bank has reached a milestone in the organization’s history by topping $1 billion in assets. This makes the mutual community bank one of the largest in Mass and in N.H. by asset size.
Real Estate Finance Association hosts Year-End Celebration and Holiday Party
December 15, 2023
Boston, MA REFA hosted its Annual Year-End Celebration and Holiday Party on Monday, November 20th at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on
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
MassHousing secures $44.6 million in financing through its CommonWealth Builder Program
November 10, 2023
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
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.
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
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
Walker & Dunlop Capital Markets places $22.58 million in loans for two properties including a shoppi...
November 10, 2023
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.
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
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.
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.
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.
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