Category: Financial Digest
Boston Residential Group secures $90 million in financing to develop 55 India St. on the Greenway in...
May 1, 2024
Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units
KeyBank Real Estate Capital secures $24 million Freddie Mac fixed-rate loan for The Dolben Company
May 1, 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
Bhat of Marcus & Millichap Capital Corp. handles
$5.1m financing for 22-unit multifamily proper...
May 1, 2024
Framingham, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $5.1 million financing for the acquisition of a 22-unit multifamily property located at 10 Centennial Place.
JLL arranges $94 million refinancing for LINX, a 185,015 s/f life sciences building in Watertown, MA...
May 1, 2024
Watertown, MA JLL?Capital Markets has arranged a $94 million refinancing for LINX, a 185,015 s/f, class A life sciences building. JLL worked on behalf of the borrower, Clarion Partners, to secure the five-year loan through Société Générale, whose team was led by Tim Hallock, managing director.
Rockland Trust secures $5.1 million financing for
Boston Pinnacle Properties
April 12, 2024
Boston, MA Boston Pinnacle Properties secures $5.1 million in financing from Rockland Trust for a 145-year-old building on Franklin St. as part of the city’s Downtown Residential Conversion Incentive Program. This will be the first project to secure funding since the Boston Planning and Development
MassDev. issues $39.9m tax-exempt bond to 32 Marion Apts. LLC - Eastern Bank and Rockland Trust purc...
April 12, 2024
Brookline, MA MassDevelopment has issued a $39.9 million tax-exempt bond on behalf of 32 Marion Apartments LLC, an affiliate of Brookline Housing Authority, which will use proceeds to build 115 units of affordable housing for seniors and individuals with disabilities in the Coolidge Corner
Real Estate Finance Association
jumps into a busy spring
April 12, 2024
Boston, MA Last month the REFA Innovation Committee hosted an exclusive tour of Suffolk Technology on March 19th. The tour group heard from the vice president of platform, Parker Mundt, about Suffolk’s commitment to leveraging technology and creativity
JPMorgan Chase hires Fauth to support Community Development Banking
April 12, 2024
Boston, MA As part of JPMorgan Chase’s commitment to expanding its market presence, the firm hired Jennifer Fauth to support Community Development Banking (CDB). In her new role, Fauth will manage the delivery of affordable housing and banking products to clients across New England.
Bank Rhode Island finances construction
of The One Ten apartment project
April 12, 2024
North Kingstown, RI Bank Rhode Island’s (BankRI) commercial real estate division has financed the construction of a new luxury apartment building. The building will be branded The One Ten and the project is already in progress. It is the latest development of Moran Properties and represents the final phase of the Saw Mill Square
Eastern Bank adds DPV Transportation as a commercial banking customer
April 12, 2024
Boston, MA According to Eastern Bank, global ground transportation company DPV Transportation, Inc. (DPV) is the bank’s newest commercial banking customer. Headquartered in Everett, Mass., DPV is one of the largest certified minority-owned ground transportation businesses in New England
Worth Avenue Capital, LLC closes $4.2 million commercial loan to home builder and developer in Green...
April 12, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $4.2 million commercial loan to a luxury home builder and developer that specializes in the construction and renovation of existing homes in town. The loan proceeds were used to purchase adjoining properties on Locust St.
Essex Financial’s Furgueson, LaRiviere, Nolan, Tait, and Sullivan named to 2024 Forbes list
April 12, 2024
Essex, CT According to Essex Financial, Tim Furgueson, Michael LaRiviere, Kevin Nolan, Bill Tait, and James Sullivan have been selected to the 2024 Forbes Best-in-State Wealth Advisors list, which honors top performing wealth management and financial planning advisors in each state.
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