Financial Digest

Greystone provides $13 million in HUD-insured financing for affordable housing property in Hartford, CT

Hartford, CT Greystone, a leading national commercial real estate finance company, has provided a $12,985,600 HUD-insured 207/223(f) loan to refinance an affordable housing property. The financing was originated by Eric Rosenstock, Jesse Yodice, and Daniel Daskal of Greystone.

Ranieri of Northmarq arranges $16.9 million refinancing for two multifamily properties

Milford, CT Northmarq’s senior vice president Robert Ranieri, managing director of Northmarq’s Greater White Plains regional office, arranged financing for two multifamily properties. The two properties, Milford Beach Apartments and Newport Apartments,

Real Estate Finance Association closes
out the year with quality programming

Boston, MA On Thursday, October 17th at the Omni Boston at the Seaport, REFA and 600+ attendees honored Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.

IPA Capital Markets secures $110 million in
joint venture equity and agency financing

Bridgeport, CT IPA Capital Markets, a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has secured $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro,

MassDevelopment issues $105.82 million tax-exempt bond on behalf of Williams College

Williamstown, MA MassDevelopment has issued a $105.82 million tax-exempt bond on behalf of the president and trustees of Williams College. The organization will use bond proceeds to finance several projects on the college’s campus, including (1) building and equipping a new art museum and multipurpose recreation center,

Boston Financial closes $170 million multi-investor LIHTC fund

Boston, MA Boston Financial, reportedly the largest syndicator of U.S. Low-Income Housing Tax Credits, has closed Boston Financial Institutional Tax Credits 60 Limited Partnership, a $170 million multi-investor LIHTC fund.

Walker & Dunlop, Inc. finances $137.288 million for LUKA on the Common - a 398-unit, 30-story property located in downtown Boston

Boston, MA Walker & Dunlop, Inc. has financed $137.288 million for LUKA on the Common, a 398-unit, 30-story trophy asset located in downtown. The Walker & Dunlop Boston investment sales team, under the leadership of managing directors Travis D’Amato and Michael Coyne, facilitated the sale

Stewart, Morris, and Szwalbenest of Cronheim Mortgage complete $7.4 million refi. of the Merrill Road Retail Plaza

Pittsfield, MA Cronheim Mortgage has secured $7.4 million for the refinancing of the Merrill Road Retail Plaza, a 125,000 s/f neighborhood shopping center. Andrew Stewart, Dev Morris, and Brandon Szwalbenest of Cronheim secured the financing on behalf of Phoenix Realty Management,

Bhat of Marcus & Millichap Capital Corp. handles
$5.1m financing for 22-unit multifamily property

Framingham, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $5.1 million financing for the acquisition of a 22-unit multifamily property located at 10 Centennial Place.

JLL arranges $94 million refinancing for LINX, a 185,015 s/f life sciences building in Watertown, MA

Watertown, MA JLL?Capital Markets has arranged a $94 million refinancing for LINX, a 185,015 s/f, class A life sciences building. JLL worked on behalf of the borrower, Clarion Partners, to secure the five-year loan through Société Générale, whose team was led by Tim Hallock, managing director.