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Financial Digest

Jasie of Pioneer Financial closes $1.8m rehab/acquisition financing

Pioneer New_opt.jpg

Boston, MA Pioneer Financial Group, LLC recently placed financing in the amount of $1.8 million on behalf of 719 Parker St., LLC. The borrower is very active in the city of Boston and currently owns over 100 apartment units. Managing member Sean Jasie worked with the borrower in securing acquisition and rehab funds.
Pioneer Financial Group worked with a local bank in securing the $1.45 million acquisition loan as well as the $350,000 rehab line of credit. The note has an 18-month term with a floating ...

Gavegnano named acting CEO and pres. of East Boston SB and Meridian Boston, MA At the June 9th meetings of the boards of directors of Meridian Interstate Bancorp, Inc., and its wholly-owned banking subsidiary, East Boston Savings Bank, Richard Gavegnano, chairman of the board and chief executive officer of Meridian and chairman of the board of East Boston Savings Bank was appointed as the CEO and acting president of East Boston Savings Bank and of Meridian Interstate. Gavegnano replaces Robert Verdonck, who recently resigned and retired. Gavegnano has been authorized by ...

GE Capital and LRG Capital provide $5.8m to Lyons Group Ltd.

Boston, MA With the help of GE Capital Solutions, Franchise Finance and LRG Capital Group, Lyons Group Ltd. enhances the look of their existing businesses with a three part financing agreement totaling $5.8 million. The financing combines $3.6 million to refinance existing debt, a $500,000 development line of credit for upgrades to their Game On Fenway location, and a second $1.7 million straight loan to construct a new restaurant, or transition an existing location to one of their growth concepts. ...

Boston Private Bank & Trust Co. names Tyson as vice president Boston, MA Boston Private Bank & Trust Co. has been appointed Richard Tyson as vice president.
As vice president in investment management and trust services at Boston Private, Tyson is responsible for assisting families and institutions with investment strategies. He has more than fifteen years of investment industry experience.
Prior to joining Boston Private, Tyson was with State St. Global Advisors in the charitable asset management group.

Cultivating the comm'l. investor grass roots to tech targeted

I was picking up a platter at a local catering shop last week and threw my business card in the fish bowl marked, "win a catered lunch at your office." The owner and I exchanged small talk about our specialty business lines; and moreover her marketing efforts with the fish bowl. She immediately asked me for another card (after I told her we lend on small commercial investment properties) stating that she was looking to refinance the building. Coincidence? Sure. Opportunity? Definitely.
Don't ...

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