Merchants Capital secures $56.5m for 152-unit affordable housing development - developed by The BLVD Group

Woonsocket, RI Leading financial services provider Merchants Capital secured $56.5 million in debt and tax credit equity financing for the acquisition of Rock Ridge Apartments, a 152-unit multifamily housing development developed by The BLVD Group (BLVD).

Trinity Financial arranges CHFA award of federal tax credits for Windsor Locks transit-oriented development project

Windsor Locks, CT A major milestone has been reached in the effort to revitalize downtown. Trinity Financial has secured $1.46 million in 9% Low-Income Housing Tax Credits (LIHTC) from the Connecticut Housing Finance Authority (CHFA) to fund the first phase of a transformative transit-oriented

JLL arranges $650 million refinancing for One Congress on behalf of Carr Properties and National Real Estate Advisors

Boston, MA JLL’s Capital Markets group has arranged a $650 million refinancing for One Congress, a recently delivered, trophy office building totaling 1.008 million s/f.

MountainOne promotes Row, Belanger, Bishop, Ray, Shepard and Bloom

North Adams, MA MountainOne has promoted six employees to officer roles. The promotions include the following:

• Heather Row, vice president, commercial portfolio manager -  Row’s extensive knowledge of underwriting, particularly in commercial and industrial exposures, has been essential to managing risk and expanding the bank’s portfolio.

Stapleton named senior vice president and director of foreign exchange & international services at Rockland Trust

Brockton, MA Rockland Trust has appointed Thomas Stapleton as senior vice president and director of foreign exchange & international services. Stapleton will manage the bank’s activities related to international currency transactions including managing foreign exchange risk, executing trades, cross border

Guilford Savings Bank names Eagleson as president and CEO

Guilford, CT GSB (Guilford Savings Bank) has promoted Kyle Eagleson as president and CEO. This follows the planned succession from Timothy Geelan, who retired as CEO on April 1^st.

Eastern Bank adds Tobin Scientific as a new commercial banking customer

Boston, MA According to Eastern Bank, Tobin Scientific, a leading provider of ambient and cold GMP storage, biorepository services and specialized logistics for the life sciences industry, is a new commercial banking customer. Eastern Bank is providing Tobin Scientific with a full-service banking relationship that includes financing as well as deposit and treasury services.

Financing Real Estate: It’s all about the Bond Market - by Daniel Calano

It’s crazy that we “real estaters” look to the Federal Reserve to “lower rates,” hoping and planning for cheaper borrowing, to build affordable housing, or that commercial building we’ve been waiting to build. The myth goes on...believing that lowering a quarter point here and there will make borrowing more available and feasible.

Real Estate Finance Association jumps into summer 2025

Boston, MA On May 28^th, REFA attended a walking tour of Lyrik Back Bay followed by a networking reception at the citizenM hotel; A destination for work, play, and culture, and a new gateway to the city and a vibrant anchor for the Back Bay neighborhood.

JLL arranges $41.5m construction
financing for READCO from Liberty Bank

Stonington, CT JLL Capital Markets has arranged $41.5 million construction financing for Stonington Village, a 160-unit mixed-use multifamily and retail development project. JLL worked on behalf of the borrower, READCO, in arranging the five-year,