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Washington Trust's SBL group provides financing to child care ctr.

Warwick, RI The Washington Trust Company's small business lending group provided $150,000 in financing to A Family Tree School-Age Program, LLC, for the start-up costs of a new child day care center located at 2339 West Shore Rd.
A Family Tree School-Age Program, LLC is owned by Erica Saccoccio and Christine Alexander.
"A Family Tree School-Age Program will help provide necessary child care for families in Warwick," said John Warren, chairman and CEO of The Washington Trust Co. "Washington Trust is happy ...

Arbor Commercial Funding closes $5.318m Fannie Mae DUS Loan

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Boston, MA Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, funded a $5.318 million loan under the Fannie Mae DUS product line to refinance the 18-unit complex known as Mission Hill portfolio.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.59%.

The loan was originated by John Kelly, director in Arbor's full-service Boston lending office. "Arbor was glad to provide financing for a repeat client, who again demonstrated their fine ...

GE Real Estate provides $200 million for the refinancing of Normandy's portfolio

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Dedham, MA GE Real Estate has completed a $200 million refinancing of Normandy Real Estate Fund's 1.2 million s/f portfolio of assets in the suburban Boston and Conn. markets. Normandy, one of the largest real estate owners and operators in the Boston to Washington, D.C. corridor, acquired the assets in 2006 and completed a substantial repositioning of the office properties, increasing occupancy from 64% to 93%.
"We are extremely pleased with the execution of this transaction, which clearly demonstrates ...

Marcone arranges $9m acquisition financing for 53,790 s/f office building

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Boston, MA Mike Marcone of Marcone Capital, Inc. has arranged $9 million acquisition financing of a 7 story, 53,790 s/f office building located at 285 Summer St. The property benefits from a central location in the heart of the seaport district. The building has been 100% leased since 1991 to Payette Associates, an architectural & design firm.
The property was purchased for $14.25 million by Aegean Capital, LLC. Constantine Alexakos, the owner of Aegean Capital, was "delighted to have acquired 285 ...

Arbor Comm'l. Funding closes $55.692 million for Mayo Group

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Milford, NH Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has recently funded three loans totaling $55.692 million under the Fannie Mae DUS product line to finance complexes totaling 1,115 units known as Rolling Ridge Apartments in San Antonio, TX, Woodland Heights and Laurel Hills in Milford, N.H. and 480 & 490 Norfolk St. in Boston.
Each of the three, five-year loans amortize on a 30-year schedule and carry a note rate of 5.11%.
The loan was originated ...