Financial Digest

EagleBridge Capital arranges $6m financing for Hurley Farms Business Park

Oxford, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $6 million for the Hurley Farms Business Park. The mortgage financing was arranged by EagleBridge director Brian Walsh who stated that the loan was provided by a leading regional bank.

Broderick and Boyle of Colliers place $16.14 million acquisition loan

Canton, MA Colliers, led by executive vice president John Broderick and assistant vice president Patrick Boyle, sourced a $16.14 million acquisition loan for 530 Turnpike St. Currently a 139,612 s/f warehouse building, 530 Turnpike provides ample room for continued growth

JLL Capital Markets arranges $53.566 million financing for Glenview House on behalf of the borrower, Beachwold Residential LLC

Stamford, CT JLL Capital Markets has arranged $53.566 million in acquisition financing for Glenview House, a 146-unit, midrise multi-housing community with a ground-floor Walgreen’s location.

Rockland Trust provides $6 million in loans to Master Millwork to triple in size from 25,000 s/f to 67,000 s/f of facility space

West Wareham, MA Rockland Trust has provided Master Millwork with $6 million in loans to expand its business. This expansion will enable Master Millwork to almost triple in size, going from 25,000 s/f to 67,000 s/f of facility space with manufacturing equipment

Harvey promoted at Essex Savings Bank

Essex, CT According to the board of directors of Essex Savings Bank, Jeanmarie Harvey has been promoted to assistant secretary and tax and compliance officer for the trust department.

Rising costs, labor and supply chain disruptions - by Stephen DiPrete

Amid a global pandemic, a shifting work environment, and evidence of inflation seemingly dominating the news cycle, where does that leave construction, expansion, and development? The crystal ball may appear like a fuzzy snow globe. For a future prediction

Real Estate Finance Association hosts DEI Discussion Series on October 13th with Dr. Robert Livingston

Boston, MA REFA hosted its third DEI Discussion Series on October 13th on the book The Conversation, by Dr. Robert Livingston. Dr. Livingston joined the REFA members for the discussion, sharing his thoughts on their commentary and providing insight into his writing.

Fantini & Gorga arranges $7.5 million acquisition financing on behalf of East Coast Commercial Properties, LLC

Woburn, MA Fantini & Gorga has arranged a $7.5 million acquisition financing package for Walgreens Pharmacy. Senior managing director Casimir Groblewski placed the loan with a major New England-based banking institution on behalf of his client, East Coast Commercial Properties, LLC

MassDevelopment provides $430,000 loan to Brockton Beer Co.

Brockton, MA MassDevelopment has provided a $430,000 loan from the CARES Act Revolving Loan Fund to Brockton Beer Company, which is opening a new taproom at 121 Main St. Brockton Beer Co. will use the loan proceeds for working capital, equipment purchases, and other startup costs.

JLL arranges joint venture equity and $300 million construction loan - for the redevelopment of 40 Thorndike, a 475,000 s/f mixed-use project

Cambridge, MA According to JLL, its Capital Markets group arranged debt and equity financing for the redevelopment of 40 Thorndike, a 475,000 s/f mixed-use project with office, residential and retail uses.