Category: Financial Digest
Cronheim secures $20.23 million financing for 100,000 s/f office property in Rowayton, CT
April 14, 2023
Rowayton, CT Andrew Stewart and Dev Morris of Cronheim Mortgage have secured $20.23 million in long-term interest-only financing for an office property. The 100,342 s/f property consists of two interconnected buildings, a historic structure developed
EagleBridge Capital arranges $6.14m construction/permanent mortgage for new CVS pharmacy
March 10, 2023
Braintree, MA EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $6.14 million for a new long-term leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.
Smith & Henzy Advisory Group secures $37.5 million construction financing
March 10, 2023
Newington, CT Delray Beach, FL-based developer Smith & Henzy Advisory Group has secured $37.5 million in construction financing for the development of The Pike, 151-unit multifamily property.
Fantini & Gorga arranges $12 million first mortgage for Gateway Sq., Burlington, VT - arranged by Cl...
March 10, 2023
Burlington, VT Fantini & Gorga arranged a $12 million first mortgage for Gateway Sq. The non-recourse loan was placed by Wayne Clough and Colin Monahan with a regional bank for the refinancing of 30 and 40 Main St., commonly known as Gateway Sq.
Cirone elected to the board of trustees at Union Savings Bank
March 10, 2023
Danbury, CT According to Lucie Voves, chair, Union Savings Bank (USB) board of trustees, Anthony Cirone, Jr., CPA and managing partner at Cironefriedberg LLP has been elected to the USB board of trustees.
Mondelci named New Leader in Banking recipient
March 10, 2023
Essex, CT According to Diane Arnold, president and CEO of Essex Savings Bank, Hilary Mondelci, assistant vice president, loan administration manager and assistant corporate secretary, was selected as 2023 New Leaders in Banking Award recipients.
Housing markets: A year later - by Bill Pastuszek
March 10, 2023
Housing robustness was the theme of 1-4 family housing a year ago. Looking back, the differences between then and now are dramatic. Higher rates, inflationary pressures, and the Russian invasion of Ukraine are factors that have changed the face of housing.
MassDevelopment partners with Bay State Savings Bank to provide $3.11 million loan financing to Miss...
March 10, 2023
Worcester, MA MassDevelopment has partnered with Bay State Savings Bank to provide over $3.1 million in loan financing to Mission on Summer to assist in the renovation and conversion of the historic and long-vacant Mission Chapel at 205 Summer St.
REFA update: GBREB installation of officers and division presidents to be held March 20th...
March 10, 2023
Boston, MA The Real Estate Finance Association (REFA) finished a busy month with their 7th Annual Mentor Program Kick-off event on February 28th featuring 50 mentor/mentee pairs. The REFA Mentor Program provides Emerging Leader members
Fantini & Gorga arranges $41million financing for Woodfield Commons
February 10, 2023
Canton, MA Fantini & Gorga has arranged $41 million in acquisition financing on behalf of its client, MCG Canton Arboretum, LLC, a leading multifamily investment and management firm based in Boston. MCG Canton purchased Woodfield Commons, a 156-unit residential community.
Beacon Communities and Harborlight Homes close on financing to redevelop Briscoe School
February 10, 2023
Beverly, MA - Beacon Communities and Harborlight Homes have closed on financing to redevelop the historic former home of the Briscoe School into a mixed-use community, centered around affordable housing for seniors, to be called Beverly Village for Living and the Arts. The financing marks the first time a Massachusetts affordable housing
EagleBridge Capital arranges $20.1 million mortgage financing for multifamily portfolio in Southern ...
February 10, 2023
Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $20.1 million for a diverse multifamily portfolio located in Southern New England. The mortgage financing was arranged by EagleBridge director Brian Walsh who stated that the loan was provided by a leading thrift institution.
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