Financial Digest

MassDevelopment provides $1.532 million to Boys & Girls Club of Chicopee for teen center

Chicopee, MA MassDevelopment has issued a $1.532 million tax-exempt bond on behalf of Boys & Girls Club of Chicopee, Inc. (BGCC), which will use proceeds to build and equip a teen center on the organization’s existing campus at 580 Meadow St. The new 4,500 s/f building

JLL handles $150m refinancing for Bedford Labs on behalf of AEW, Redgate, and Optimum A.M.

Bedford, MA JLL Capital Markets has arranged a $150 million refinancing for Bedford Labs, a 288,000 s/f, newly converted, class A life sciences facility. JLL worked on behalf of the borrower, a joint venture between AEW Capital Management, Redgate, and Optimum Asset Management

Colliers secures $41.4 million in construction financing
for The Procopio Companies for a 92,000 s/f development

Marlborough, MA Colliers’ Capital Markets team has secured $41.4 million in construction financing for a multifamily development. The developer, The Procopio Companies, was represented by a Colliers team led by executive vice president Jeff Black, vice president Sean Burke, vice president Bryan Koop and financial analyst Matt Lombardi.

Paulsen appointed as senior vice president at Rockland Trust

Worcester, MA According to Rockland Trust, Robert Paulsen has been appointed as senior vice president, commercial banking center manager for the local commercial banking center. Paulsen will be leading the local commercial team as well as developing new commercial and industrial (C&I) relationships across the greater Worcester region.

Worth Avenue Capital, LLC closes $3.75 million commercial loan for a construction company

Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $3.75 million commercial loan for a construction company that specializes in both renovating existing homes as well as constructing new luxury homes. This company is a multiple repeat borrower for WAC who has partnered with this borrower on seven transactions over the last four years.

Nasser of Intercontinental Real Estate to receive REFA’s Swain Distinguished Service Award

Boston, MA According to The Real Estate Finance Association (REFA), Paul Nasser, president of Intercontinental Real Estate, has been selected to receive the Robert S. Swain, Jr. Distinguished Service Award at the 36th Annual REFA Gala to be held Thursday, October 17th, 2024 at the Omni Seaport.

Essex Savings Bank promotes Jambard to vice president controller

Essex, CT Bryan Jambard, Jr., CPA has been promoted to vice president controller at Essex Savings Bank. Jambard is a Tolland resident and certified public accountant in Connecticut. He earned his BSBA in accounting from Bryant University and MBA from Quinnipiac University.

Brucker joins Union Savings Bank as a residential mortgage loan originator

Danbury, CT According to Union Savings Bank (USB) Elizabeth Brucker has joined the bank as a residential mortgage loan originator. In her new position, Brucker is responsible for originating residential mortgages, guiding first-time home buyers,

Join the Real Estate Finance Association for an exciting fall

Boston, MA Sponsorships and tickets are available for the 36th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.