Financial Digest

Cornerstone Realty Capital arranges $2.7 million in financing for construction of condominium development

Boston, MA Cornerstone Realty Capital arranged $2.7 million in financing for the construction of a residential condominium development. The development will feature six condominiums, a mix of three studio units, one one-bedroom unit, one two-bedroom unit, and one three-bedroom unit.

Groblewski and Monahan of Fantini & Gorga arrange $3.3 million in financing on behalf of Skydra Development LLC

Warwick, RI Fantini & Gorga has arranged $3.3 million in financing on behalf of its client, Skydra Development LLC, an affiliate of a leading development and management firm based in Massachusetts. The parcel, located near T.F. Green Airport

The Village Bank awards $5,000 prize to giveaway winner, Lemus - donates half to Waltham Boys and Girls Club

Waltham, MA The Village Bank named Edix (Eddie) Lemus Jr. as the winner of its $5,000 giveaway. Lemus was presented with a $2,500 check by president and CEO Joseph De Vito at the Bank’s local office. Lemus also chose to donate $2,500 to the Waltham Boys and Girls Club.

Real Estate Finance Association springs
ahead with programming

Boston, MA The Real Estate Finance Association finished a busy month with their 8th Annual Mentor Program kick-off event on February 28th featuring 60 mentor/mentee pairs. The REFA Mentor Program provides Emerging Leader Members with the opportunity to be

Brady Capital Advisors, LLC arranges $31 million
in acquisition financing for Pondsview Apartments

Billerica, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $31 million in acquisition financing for the Pondsview Apartments, a 174-unit, garden-style, multifamily property located on 4.5 acres at 13-27 Kenmar Dr. for a closing that took place on February 15.

CrowdStreet Inc. secures $11.5 million capital for Rhino
Capital Adviors’ advanced manufacturing project

Taunton, MA CrowdStreet, Inc. , an award-winning online real estate investing platform, raised $11.5 million of capital for Rhino Capital Advisors’ development of an advanced manufacturing property.

Cassata joins Rockland Trust as business owner advisory strategist

Hanover, MA Rockland Trust’s Investment Management Group (IMG) is expanding its services with the appointment of Michael Cassata as the business owner advisory strategist. In this newly developed role, Cassata provides business owners with the strategic support and guidance

Union Savings Bank board of trustees promotes Piche to executive vice president

Danbury, CT According to Union Savings Bank (USB), Marlene Piche has been promoted to executive vice president. In her new role, Piche will oversee branch banking, business banking, the call center, as well as treasury and merchant services.

Berkson joins Savings Bank of Danbury as assistant vice president/community development manager

Danbury, CT According to Savings Bank of Danbury, Brian Berkson joined the bank as assistant vice president/community development manager. In his new role he will be responsible for maintaining, strengthening and onboarding relationships in the community.

Northmarq arranges $10.6m in
refinancings for two properties

Waterbury, CT Robert Ranieri, senior vice president/managing director of Northmarq’s Greater White Plains regional office arranged financing for two multifamily properties. The two properties, Scott Gardens Apartments and P.R. Scott Apartments, received refinancing totaling a combined $10.6 million.