Financial Digest

Spiegel of Spiegel Associates places $3.28 million loan for mixed-use building

Mattapan, MA Sidney Spiegel of Spiegel Associates arranged a $3.28 million loan for a mixed-use property. The loan was funded by a regional bank that saw the value of the property to the community.

Coulombe, O’Donnnell and Hixon of Fantini & Gorga place $28.35m construction loan for mixed-use development

Cambridge, MA Fantini & Gorga has arranged a $28.35 million construction loan for a well located, transit-oriented, mixed-use development featuring 46 residential condominiums, ground floor amenity retail and underground parking adjacent to the historic St. James Episcopal Church in Porter Sq.

Ranieri of NorthMarq’s White Plains office arranges $25.5m refinance of 486-unit Pebblebrook Apartments, New Britain, CT

New Britain, CT Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office, secured the $25.5 million refinance of Pebblebrook Apartments, a 486-unit multifamily property located on Brittany Farms Rd. 

Colliers Boston Capital Markets closes $16 million in acquisition financing for 10 Carematrix in Dedham

Dedham, MA Colliers Boston Capital Markets team has arranged acquisition/rehab financing for a healthcare rehabilitation center located at 10 Carematrix Dr. The 63,000 s/f  healthcare center was purchased by GFI Partners, a Boston-based investor/developer, and their partner, Walden Behavioral Care.

Cornerstone Realty Capital arranges $5.7 million acquisition financing

Salem, NH Cornerstone Realty Capital arranged $5.7 million for the acquisition of Rosewood Apartments, a 42 unit apartment complex. The complex features 7 two-story buildings with a mix of 14 two-bedroom, one-bathroom units, 4 two-bedroom, one-bathroom units with a study

BayCoast Bank opens Berkley branch on February 4

Berkley, MA According to BayCoast Bank, the bank opened its 19th branch serving the South Coast region, on February 4. Local resident Diane ...

Washington Trust provides $1.34 million financing to MCG Cromwell, LLC

Cromwell, CT Washington Trust’s Commercial Real Estate Group provided $1.34 million in financing to MCG Cromwell, LLC, for the construction of a Dollar General store. Located on a 1.2 acre parcel at 539 Main St. (Rte. 99),

HFF completes $11.7m financing for Harbor Hotel Provincetown

Provincetown, MA Holliday Fenoglio Fowler, L.P. (HFF) hasw completed the $11.7 million financing of the 129-key Harbor Hotel Provincetown. ...

Worth Avenue Capital closes $3.5 million line of credit to a CRE dev. group

Hartford, CT Worth Avenue Capital, LLC (WAC) closed a $3.5 million line of credit to a CRE development group. The purpose of the loan is to provide construction financing on a bridge basis to enable the borrower to continue the construction and development

MassHousing provides $44.8m in financing to B’nai B’rith Housing

Brighton, MA Senior citizens living at the 200-unit Covenant House I and II housing community have had affordable rents extended through 205...