Financial Digest

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.

Boston Residential Group secures $90 million in financing to develop 55 India St. on the Greenway in downtown Boston

Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units

Meshacket Commons in Edgartown on Martha’s Vineyard receives $19.75 million financing from Rockland Trust

Edgartown, MA Rockland Trust has provided $19.75 million of construction financing in partnership with Affirmative Investments, Inc. and the non-profit Island Housing Trust for the development of Meshacket Commons. Located in Martha’s Vineyard’s historic Edgartown, this development

Sidel of EagleBridge Capital arranges $9.2
million refinancing for two-story, 61,177 s/f property

Marlborough, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $9.2 million for 33 Locke Dr. The mortgage financing was arranged by EagleBridge principal Ted Sidel who said that the loan was provided by a leading regional financial institution.

CATIC launches Versapay for agents

Rocky Hill, CT CATIC continues to achieve its goals of enhancing the agent experience with the company. The latest improvement, the implementation of Versapay, will allow their agents to better manage part of their transaction workflow in a safe and secure manner.

Real Estate Finance Association leaps into a packed fall

Boston, MA Sponsorships and tickets are available for the 36th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.

MassDevelopment provides $1.532 million to Boys & Girls Club of Chicopee for teen center

Chicopee, MA MassDevelopment has issued a $1.532 million tax-exempt bond on behalf of Boys & Girls Club of Chicopee, Inc. (BGCC), which will use proceeds to build and equip a teen center on the organization’s existing campus at 580 Meadow St. The new 4,500 s/f building

JLL handles $150m refinancing for Bedford Labs on behalf of AEW, Redgate, and Optimum A.M.

Bedford, MA JLL Capital Markets has arranged a $150 million refinancing for Bedford Labs, a 288,000 s/f, newly converted, class A life sciences facility. JLL worked on behalf of the borrower, a joint venture between AEW Capital Management, Redgate, and Optimum Asset Management