Financial Digest

Groblewski and Feig of Fantini & Gorga arrange $2.75 million loan for the acquisition of TGI Friday’s

Manchester, CT Fantini & Gorga arranged a $2.75 million first mortgage loan for the acquisition of TGI Friday’s. Fantini & Gorga placed the financing on behalf of a long-standing client

Eastern Bank handles $7.5 million loan for Big Night Entertainment Group

Boston, MA Eastern Bank has completed a $7.5 million term loan to Big Night Entertainment Group for the construction and lease-hold improvements of Big Night Live at The Hub on Causeway.

Cronheim Mortgage arranges $34.4 million in financing for 393-unit development known as Canal Crossing at Whitneyville West

Hamden, CT Cronheim Mortgage arranged $34.4 million in financing for buildings 1-5 at Canal Crossing at Whitneyville West, a seven-building, 393-unit multifamily community when complete,

Kelly of CBRE handles $20.492 million construction financing for 75 apartment units located at 90 Ocean Ave.

Revere, MA The CBRE Capital Markets team ahas secured construction financing in the amount of $20.492 million for 75 apartment units located at 90 Ocean Ave. The asset will consist of 100% market-rate

Risk Strategies names Dubraski as chief growth officer

Boston, MA Risk Strategies’ national health care practice leader, Bob Dubraski, has been appointed chief growth officer.

MassDevelopment provides $5.1m for Suites at Wamsutta Place

New Bedford, MA MassDevelopment has provided a $5.1 million loan to Wamsutta II, LLC, an affiliate of Acorn, Inc., for the redevelopment of 61 Wamsutta St. Acorn will use proceeds to redevelop the former mill building

MassHousing provides $25 million to Brookline Housing Authority

Brookline, MA MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide improvements to the 100-unit Arthur O’Shea House located at 61 Park St.

Cornerstone arranges $17.3 million for acquisition of Bay View Estates

Portsmouth, RI Cornerstone Realty Capital arranged $17.3 million for the acquisition of a 130-unit apartment community, known as Bay View Estates. The property sits on 29 acres and consists of three

Morrill joins Grand Coast Capital as loan originator

Boston, MA According to Grand Coast Capital Group, George Morrill has joined the team as loan originator. In this role, Morrill will utilize his many years of experience

Worth Avenue Capital closes a $150,000 commercial loan

Hartford, CT Worth Avenue Capital, LLC (WAC) closed a $150,000 commercial loan to a Connecticut based contractor that has been in business for sixty years. The company is engaged in HVAC,