Category: Financial Digest
Cornerstone Realty Capital arranges $9 million for the refinance of a 23-unit apartment building
January 14, 2022
Boston, MA Cornerstone Realty Capital arranged $9 million for the refinance of a 23-unit apartment building located at 1 Newcomb St. This property consists of a newly constructed six-story apartment building.
Drew Co. receives $27.6 million in financing from Rockland Trust
January 14, 2022
Scituate, MA The Drew Company, a Boston-based, privately held, real estate development and management company, closed with Rockland Trust Bank on a $27.6 million construction loan for the residential real estate project, SkySail at Driftway.
Berkadia secures $64.15 million financing for five-property portfolio - on behalf of the borrower, M...
January 14, 2022
Brookline, MA Berkadia secured financing for Brookline Cambridge Portfolio, a five-property multifamily portfolio. Managing director Robert Lipson of Berkadia Shrewsbury secured the $64.15 million in refinancing through Freddie Mac
Fantini & Gorga places $7.779m financing
January 14, 2022
Pepperell, MA Fantini & Gorga has placed a $7.779 million permanent financing for Rolling Meadows Apartments, a 75-unit townhouse apartment property.
Malka and Gauptman of Dwight Capital finances $29 million bridge loan - a 121-unit luxury apartment ...
January 14, 2022
Mystic, CT Dwight Capital has closed a $29 million bridge refinance for Harbor Heights Apartments, a 121-unit luxury apartment community.
Weilgus of Mag Mile Capital secures $1.7 million in acquisition financing
January 14, 2022
Norwell, MA According to Mag Mile Capital, Matt Weilgus, senior vice president of originations and general counsel in the firm’s Westport, Conn. office, has secured $1.8 million in acquisition financing in connection with a multi-tenant retail property
JLL Capital Markets arranges $246m in construction financing for 808 Windsor
January 14, 2022
Somerville, MA JLL Capital Markets has arranged $246 million in construction financing for 808 Windsor, a to-be-built, life sciences development totaling 353,000 s/f. JLL worked on behalf of the borrower, a partnership between Leggat McCall Properties, DLJ Real Estate Capital Partners and Deutsche Finance America
MassHousing closes $26.9m in financing to create 87 new mixed-income apartments at 608 Broadway in L...
January 14, 2022
Lawrence, MA MassHousing has closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex. The $46.8 million mixed-income project will repurpose a former industrial
Marcus & Millichap arranges $6.53m in refinancing for two props.
January 14, 2022
Wilton, CT Marcus & Millichap Capital Corporation (MMCC) has completed the arrangement of $6.53 million in financing across two transactions–one for a mixed-use medical office and retail property at Sun Plaza, 151 Old Ridgefield Rd.
WAC closes a $1.1m construction loan
January 14, 2022
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $1.1 million construction loan for a repeat borrower for the purpose of building a new “spec” house on Stanwich Rd. The loan is secured by a junior mortgage on the Stanwich Rd.
Berkshire Bank provides $2.95m historic tax credit for the United Theatre
January 14, 2022
Westerly, RI Berkshire Bank completed a Historic Tax Credit (HTC) investment to support the revitalization of The United Theatre. The project also supports Berkshire’s previously announced BEST Community Comeback in which it is lending and investing in activities that revitalize local economies.
Washington Trust provides financing to Quarry Milford LLC
January 14, 2022
Milford, MA Washington Trust’s Commercial Real Estate Group provided financing to Quarry Milford, LLC for the acquisition and redevelopment of Quarry Sq., a 196,674 s/f retail center,
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