Category: Financial Digest
Real Estate Finance Association jumps into summer with golf and tennis tournament
July 12, 2024
Boston, MA REFA’s DEI Committee hosted its first panel on June 18th, Capital Conversations: Navigating Wealth Creation, Equity, and Real Estate Investment at Nutter, 155 Seaport Blvd. The session showcased speakers: Onay Payne, senior managing director at Manulife Investment Management;
Jones joins Eastern Bank as senior vice president, community development lending team leader
July 12, 2024
Boston, MA Eastern Bank has welcomed Erik Jones as a senior vice president, community development lending team leader. Jones brings deep experience in lending for a broad array of corporate and tax-exempt organizations in the healthcare, education, human services and philanthropic communities.
Trinity Financial to revitalize The Aeolian Company
building in Meriden, CT with $56 million inv...
July 12, 2024
Meriden, CT The Aeolian Company building, a manufacturing facility for automatic player pianos established in 1887 and a significant part of the town’s history, is set to experience a significant redevelopment. Located at 85 Tremont St., the long-underutilized complex in the North End neighborhood
The Village Bank hires Francis as vice president, digital banking
July 12, 2024
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Clarice Francis has joined the bank as vice president, digital banking. Francis joins the bank after working in the same role at Athol Savings Bank.
Worth Avenue Capital, LLC funds a $4.5 million loan for development of a 320-unit apt. complex in Gl...
July 12, 2024
Glastonbury, CT Worth Avenue Capital, LLC (WAC) closed a $4.5 million commercial loan for one of the premier real estate developers in Southern New England. The loan proceeds will be used by the sponsor to restructure existing debt and for working capital and development purposes on ten plus acres
MassDevelopment issues $17m bond on behalf of 733 Broadway, affiliate of Tremont Development Partner...
July 12, 2024
Lowell, MA MassDevelopment has issued a $17 million tax-exempt bond on behalf of 733 Broadway LLC, an affiliate of Tremont Development Partners LLC (Tremont). The company will use bond proceeds to build a four-story, 52-unit affordable rental housing facility
Three North Easton Savings Bank employees graduate from ABA Stonier Graduate School of Banking
July 12, 2024
Easton, MA According to North Easton Savings Bank, three of its employees graduated from the ABA Stonier Graduate School of Banking, a program that equips senior-level bankers with leadership and strategy skills.
Cronheim Mortgage secures $24 million financing for Avon Marketplace - a 78,687 s/f lifestyle shoppi...
July 12, 2024
Avon, CT Cronheim Mortgage has secured $24 million in permanent financing for Avon Marketplace, a 78,687 s/f lifestyle shopping center on 17.29 acres. Dev Morris, Andrew Stewart, and Allison Villamagna placed the five-year loan with a portfolio lender
Colliers closes $62 million refinancing for 230-unit Addison apartment community - CrossHarbor Capit...
July 12, 2024
East Boston, MA Colliers Capital Markets has arranged a $62 million refinancing for Addison, an apartment community comprising 230 units. A Colliers team led by executive vice president & national debt & equity platform leader Jeffrey Black, vice presidents Bryan Koop and Sean Burke, co-chairman Kevin Phelan and financial analyst Matthew Lombardi
Real Estate Finance Association jumps into Summer
June 14, 2024
Boston, MA REFA held its Annual Past President Luncheon on Wednesday, May 29th at Nutter McClennen & Fish LLP. The gathering brings together the current president, Ravi Ragnauth, Berkshire Residential Investments and all past presidents to network, learn what REFA has accomplished the past year, and share ideas for how to continuously grow the association.
Related Beal closes financing on Innovation
Square Phase III development
June 14, 2024
Boston, MA Related Beal has closed financing on Innovation Square Phase III (ISQ3), a 345,000 s/f life science development in the city’s Raymond L. Flynn Marine Park (RLFMP). Details of the financing were not disclosed.
East Cambridge Savings wins two New England Financial Marketing Association awards
June 14, 2024
Cambridge, MA East Cambridge Savings Bank won two gold awards at the New England Financial Marketing Association (NEFMA) Spring Conference. The bank’s “K to College” campaign and four-month CD campaign were both recognized with a NEFMA gold award in the best 2023 Digital Marketing campaign
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