Category: Financial Digest
MassDevelopment issues $12.08 million tax-exempt bond on behalf of Inquilinos Boricuas en Acción, I...
June 14, 2024
Boston, MA MassDevelopment has issued a $12.08 million tax-exempt bond on behalf of Inquilinos Boricuas en Acción, Inc. (IBA), which will use proceeds to build the city’s new home for Latinx art and community empowerment, La CASA: The Center for Arts, Self-Determination,
The Village Bank promotes employees at annual meeting
June 14, 2024
Newton, MA At The Village Bank’s recent annual meeting, president and CEO Joseph De Vito announced the following officer promotions: Lisa Boccabella will assume the new title of senior vice president, chief risk officer.
Eastern Bank provides financing for Capstan Atlantic’s conversion to employee-owned company
June 14, 2024
Boston, MA Eastern Bank has provided the financing to facilitate Capstan Atlantic’s conversion to an employee-owned company. Founded in 1956 and located in Wrentham, Mass., Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry
Worth Avenue Capital provides $1.5 million loan
June 14, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $1.5 million short-term bridge loan for a local home builder. The loan proceeds will be used for working capital purposes by the borrower and the loan is secured by a blanket second mortgage on two recently constructed luxury homes,
MountainOne’s commercial lending division hires Duckett and Glynn
June 14, 2024
North Adams, MA The commercial lending division at MountainOne Bank continues to grow with the recent additions of Peter Duckett and Christopher Glynn as commercial portfolio manager and associate commercial portfolio manager, respectively.
Rockland Trust appoints Eidle as senior vice president, commercial banking center manager
June 14, 2024
Peabody, MA Rockland Trust has appointed David Eidle as senior vice president, commercial banking center manager for the Peabody office. In this role, Eidle will be leading a team of commercial bankers to expand the bank’s commercial and industrial (C&I) business north of Boston.
Union Savings Bank launches Rapid Loan and Line of Credit programs to help small businesses fast-tra...
June 14, 2024
Danbury, CT Union Savings Bank has introduced a new suite of Rapid Loans designed to help qualified small business owners access funding quickly and easily. The rapid product suite includes both term loans and lines of credit with a maximum loan amount of $50,000.
Winchester Savings Bank elects Merritt to the board of trustees
June 14, 2024
Winchester, MA According to John Carroll, president and CEO of Winchester Savings Bank, Edward Merritt has been appointed to the board of trustees. Merritt was elected to the board for a three-year term at the bank’s annual meeting.
KeyBank Real Estate Capital secures $24 million Freddie Mac fixed-rate loan for The Dolben Company
June 14, 2024
Haverhill, MA KeyBank Real Estate Capital (KBREC) secured a $24 million Freddie Mac fixed-rate loan for The Dolben Company, Inc. to refinance existing debt on a multifamily housing property known as Pine Brook Place. Pine Brook Place is a garden-style apartment community with 240-units and consists of 10, three-story apartment buildings
Rockport Mortgage closes $10.3 million in financing for 70-units of affordable housing - Prence Gran...
June 14, 2024
Carver, MA Rockport Mortgage has closed on a $10.3 million, HUD Section 223(f) refinance loan for Prence Grant and Meadowbrook Apartments, 70-units of subsidized affordable housing for seniors located on three non-contiguous parcels of land in the towns of Marshfield and Carver.
Real Estate Finance Association
blooms with programming
May 10, 2024
Boston, MA The Real Estate Finance Association (REFA) would like to congratulate 2024 REFA president-elect Jill Sharif, Commonwealth Land Title Insurance Company - NCS as the recipient of CREW Boston’s 2024 Leadership Award!
MassDevelopment issues $11m tax-exempt bond on behalf of The Wheeler School - Berkshire Bank purchas...
May 10, 2024
Seekonk, MA MassDevelopment has issued an $11 million tax-exempt bond on behalf of The Wheeler School, an independent coeducational college preparatory day school, which will use proceeds to fund several capital projects at its campus at 357 Walker St.
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