Financial Digest

Rockland Trust provides $7.8m loan to The Caleb Group

Lowell, MA Rockland Trust has provided a $7.855 million loan to The Caleb Group to rehabilitate and preserve their affordable housing developments, Chestnut Square and Sirk Building. The Chestnut Square Apartments are located in the Lower Belvidere neighborhood and involve fourteen building

Coulombe and Feig of Fantini & Gorga arrange $2.5 million loan

Cambridge, MA Fantini & Gorga has arranged $2.5 million in permanent financing for an eleven-unit apartment building located at 122 Berkshire St. in the Wellington-Harrington neighborhood of the city. 122 Berkshire St. is a four-story walk-up apartment building that has laundry and storage space

Munoz of NorthMarq arranges $13 million construction loan for a 70-unit multifamily development

Lynn, MA Jeff Munoz, vice president of NorthMarq’s Boston office secured a $13 million construction loan for a 70-unit multifamily development. The transaction was structured as a full-term

MassHousing provides $14.8 million financing

Dorchester, MA MassHousing has provided $14.8 million in affordable housing financing to School House Brookledge Cummins LP, an affiliate of EAF Associates, to preserve the affordability of the 90-unit School House Brookledge Cummins property.

Cornerstone Realty Capital arranges $14.847 million financing for the acquisition of Reed Street Apartments for True North Capital Partners

Randolph, MA Cornerstone Realty Capital arranged $14.847 million for the acquisition of Reed Street Apartments for True North Capital Partners. The 88-unit property consists of three 2.5-story garden-style brick apartment buildings

JLL Capital Markets arranges construction financing for two projects in Union Sq.

Somerville, MA JLL Capital Markets has arranged construction financing for two projects in the Union Sq. neighborhood of the city. Sitting adjacent to the new MBTA Union Sq. Green Line station, the 194,000 s/f, life sciences

The Real Estate Finance Association virtually hosts Annual Forecasting program on Jan. 28th

Boston, MA REFA kicked off 2021 by virtually hosting its Annual Forecasting Program on January 28th with over 200 members in attendance. The program included a

Fantini & Gorga completes the debt placement of $7.57 million

Auburn, ME Fantini & Gorga completed the debt placement of $7.57 million for the refinancing of a 168-unit multifamily complex.  Derek Coulombe, senior managing director and Ryan Maddaluna, analyst, placed the financing on behalf of their client

MassDevelopment issue $33.628 in bonds to Notre Dame Health Care

Worcester, MA MassDevelopment has issued a $31.668 million tax-exempt bond and a $1.96 million taxable bond on behalf of Notre Dame Health Care Center, Inc., a nonprofit that owns and operates Notre Dame Long Term Care and Rehabilitation Center

Cornerstone Realty Capital arranges $3.9 million in acquisition financing for a 12-unit apartment property

Cambridge, MA Cornerstone Realty Capital arranged $3.9 million for the acquisition of a 12-unit apartment property. The property consists of one, three-story residential building that sits on two tax parcels on the Somerville/Cambridge line.