Financial Digest

Ranieri of NorthMarq Capital negotiates $34.105m refinancing of five multifamily properties consisting 513 units

Hamden, CT Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s White Plains regional office, negotiated the $34.105 million refinancing of five multifamily properties consisting of a combined 513 units located throughout Connecticut. 

Sheehan and Sidel of EagleBridge Capital arrange $17 million financing

Dedham, MA EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $17.865 million for the Dior located at 910-928 Providence Hwy. The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel

Surprenant of Goedecke arranges $44m in financing for 121 First -
People’s United Bank provides financing to Urban Spaces

Cambridge, MA Urban Spaces, a Cambridge-based commercial real estate development company, has finalized $44 million in permanent financing from People’s United Bank for 121 First, a 60,000 s/f mixed-use office property fully pre-leased to CarGurus

Cornerstone Realty Capital arranges $14.3m for True North Capital Ptrs.

Braintree, MA Cornerstone Realty Capital has arranged $14.3 million in financing for True North Capital Partners for a 72-unit apartment complex. Paul Natalizio, president at Cornerstone led the financing for the property.

Citizens Banks’s community development group provides $26 million construction financing

East Boston, MA According to Citizens Bank, its community development group has provided $26 million in construction financing to Trinity Or...

Worth Avenue Capital, LLC closes $125,000 loan to a Relais & Chateau branded hotel

Mystic, CT Worth Avenue Capital, LLC (WAC) closed a $125,000 loan to a Relais & Chateau branded boutique hotel. The hotel is an existing WAC borrower and this loan was completed as a follow-on transaction in which the loan proceeds were used by the borrower as a partial payment

Manzi named national brokerage leader at Risk Strategies

Boston, MA Risk Strategies, a privately held insurance brokerage and risk management firm, has appointed Mark Manzi as nation...

Spiegel Associates arranges $4.305 million loan for
office building purchase - funded by a regional bank

Jamaica Plain, MA Sidney Spiegel of Spiegel Associates arranged a $4.305 million loan for an office property. The loan was funded by a regional bank that saw the value of the property to the community. The property, located at 31 Heath St.

Haverhill Bank promotes four to management posts

Haverhill, MA Haverhill Bank recently promoted four staff to management positions. Duncan Clark was promoted to vice president, retail branc...

MassDevelopment issues a $1 million loan to Worcester Community Action Council, Inc. for Head Start program

Webster, MA MassDevelopment has issued a $1 million loan to the Worcester Community Action Council, Inc. (WCAC), an agency that offers a wide range of education, employment, and social service programs throughout 45 communities in Central Mass.