Category: Financial Digest
Walsh of EagleBridge Capital arranges $19.75 million mortgage financing for Darien Crossing
June 10, 2022
Darien, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $19.75 million for Darien Crossing, a two building office complex.
The Village Bank hires Sullivan as senior vice president, human resources
June 10, 2022
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Maureen Sullivan, SHRM-SCP, as senior vice president/human resources.
MassDevelopment issues $3m tax-exempt bond Cape Cod Collaborative
June 10, 2022
Yarmouth, MA MassDevelopment has issued a $3 million tax-exempt bond on behalf of the Cape Cod Collaborative (CCC), an educational organization that will use proceeds to renovate and equip the former Laurence MacArthur Elementary School located at 1175 Rte. 28.
WAC closes $150,000 commercial loan to a CT-based developer
June 10, 2022
Groton, CT Worth Avenue Capital, LLC (WAC) has closed a $150,000 commercial loan to a CT-based real estate developer who is a repeat customer for whom WAC has funded numerous transactions during the last six or seven years.
How real estate investors can use 1031 exchanges to build net worth - by Kaston and Starling
June 10, 2022
When looking to sell a property, real estate investors face major tax obligations from the resulting profits of the property being sold. To build their net worth faster, property owners can use the process of a 1031 Tax Deferred Exchange
The Real Estate Finance Association has an educational Spring for members
June 10, 2022
Boston, MA On Wednesday, May 18th, over 150 REFA members tuned into a REFA Fundamentals Webinar on Insurance 101: Property & Liability. Industry experts Mike White, Scott Mateer, and Annie Fleming of Brown & Brown – Specialty Risk Solutions
Understanding Preferred Equity in Real Estate - by Victor Lattanzi
June 10, 2022
What is preferred equity real estate financing?
Many investors, capital providers, and real estate developers use the term ‘preferred eq-uity’ often. But what exactly does it mean, and what’s its utility when it comes to fund-ing your business and your real estate development projects in the future?
Many investors, capital providers, and real estate developers use the term ‘preferred eq-uity’ often. But what exactly does it mean, and what’s its utility when it comes to fund-ing your business and your real estate development projects in the future?
EagleBridge Capital places $7.8 million financing for a mixed-use complex
May 13, 2022
Westport, CT EagleBridge Capital, working exclusively on behalf of its client, has arranged construction/permanent mortgage financing in the amount of $7.8 million for 785 Post Rd. East.
Groblewski and Monahan of Fantini & Gorga arrange $3.478 million financing
May 13, 2022
Swampscott, MA Fantini & Gorga arranged a $3.478 million first mortgage for 430 Paradise Rd., a 8,450 s/f neighborhood strip center. Senior managing director Casimir Groblewski and analyst Colin Monahan arranged the financing for a long-standing client, a Boston-based real estate investor.
Rockport Mortgage closes $42.4 million in financing for Market Mill Apartments - will preserve affor...
May 13, 2022
Lowell, MA Rockport Mortgage has completed the closing of a $42.4 million, HUD Section 223(f) refinance loan. The transaction will preserve affordability at the rental housing development for 39 years.
Rockland Trust and Newburyport Bank provide $30.6 million to MINCO Development for the construction ...
May 13, 2022
Newburyport, MA Rockland Trust partners with Newburyport Bank to provide a $30.6 million loan to MINCO Development Corp. for the construction of their energy-efficient Passive Housing residential development, Newburyport Crossing at Three Boston Way.
North Easton Savings Bank promotes Green and St. Andre to assistant vice presidents
May 13, 2022
Easton, MA North Easton Savings Bank has promoted Jason Green to assistant vice president, commercial loan portfolio manager. In his new role, Green will be responsible for managing a portfolio of existing commercial and private banking relationships
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