Category: Financial Digest
EagleBridge Capital facilitates $4.4m mortgage financing for retail and apartment properties in New ...
September 16, 2022
New Canaan, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $4.4 million for a group of retail and apartment properties located in downtown. The financing was arranged by EagleBridge director
JLL arranges $230 million financing for 262,000 s/f Somerville life sciences development
September 16, 2022
Somerville, MA JLL Capital Markets has arranged a $230 million construction loan for the development of 15 McGrath Hwy., a speculative life sciences development totaling 262,000 s/f. JLL worked on behalf of DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance
Cornerstone Realty Capital places $10.25 million in financing for 65-unit mixed-use property in Mald...
September 16, 2022
Malden, MA Cornerstone Realty Capital arranged $10.25 million for the refinance of 54-72 Summer St., a 65-unit mixed-use property consisting of 54 apartments and 11 commercial retail units.
Fantini & Gorga arranges $12.5 million first mortgage for redevelopment of One Wheeler Rd., Burlingt...
September 16, 2022
Burlington, MA Fantini & Gorga has arranged $12.5 million first mortgage for the redevelopment of One Wheeler Rd. To be called Gateway Burlington, the subject will consist of a two level, on grade
MAB Community Services receives $13m financing from Rockland Trust
September 16, 2022
Westwood, MA Rockland Trust has provided over $13 million in financing to MAB Community Services (MAB) to purchase sixteen group homes, which have been leased to house individuals MAB has served for as long as 18 years
Northmarq closes $15.2 million refinance for Maine retail and industrial portfolio
September 16, 2022
Bangor, ME Ed Riekstins, managing director, and Daniel Karp, vice president of Northmarq’s Boston debt/equity team, finalized the $15.2 million permanent-fixed loan for a Maine retail and industrial portfolio.
Newmark represents Atlantic Management in $96.5m financing
September 16, 2022
Westborough, MA Newmark has arranged $96.5 million in financing for 50 and 54 Otis St., two industrial assets that are located less than 35 miles west of Boston. Newmark co-head of U.S. Capital Markets Robert Griffin,
North Easton Savings Bank named a Top Bank in Massachusetts by Forbes
September 16, 2022
Easton, MA For the 2nd consecutive year, North Easton Savings Bank has been named by Forbes as a top-ranked bank in Massachusetts on Forbes’ most recent listing of America’s Best Banks and Credit Unions
Cambridge Savings Bank provides $84.5m in construction loans to Strategic Land Ventures
September 16, 2022
Cambridge, MA Cambridge Savings Bank (CSB) has provided construction loans totaling $84.5 million to Strategic Land Ventures (SLV), a vertically integrated real estate investment management and development firm.
REFA gets ready for first in-person Gala since 2019, honoring Paul Ayoub of Nutter
September 16, 2022
Boston, MA The Real Estate Finance Association’s (REFA) members are invited to an exclusive property tour of NEMA Boston on Wednesday, September 21st. NEMA Boston is a best-in-class, 2019 vintage, LEED Silver,
Lucitt named vice president of commercial lending at Bank of Canton
September 2, 2022
Canton, MA Stephen Lucitt has joined Bank of Canton as vice president of commercial lending. Throughout his lending career of more than 30 years, Lucitt has earned accolades for his ability to develop loan portfolios, establish credit policy, and build successful business relationships.
Fantini & Gorga places $23.04 million for mixed-income apartments in Portland, ME
August 12, 2022
Portland, ME Fantini & Gorga has placed $23.04 million in permanent financing for Danforth Heights, a 166-unit mixed-income multifamily apartment complex located between the city’s historic district and waterfront. The loan was placed with Fantini & Gorga’s correspondent, Eastern Mortgage Capital, a national MAP Lender
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