Financial Digest

Fantini & Gorga arranges $7.5 million acquisition financing on behalf of East Coast Commercial Properties, LLC

Woburn, MA Fantini & Gorga has arranged a $7.5 million acquisition financing package for Walgreens Pharmacy. Senior managing director Casimir Groblewski placed the loan with a major New England-based banking institution on behalf of his client, East Coast Commercial Properties, LLC

MassDevelopment provides $430,000 loan to Brockton Beer Co.

Brockton, MA MassDevelopment has provided a $430,000 loan from the CARES Act Revolving Loan Fund to Brockton Beer Company, which is opening a new taproom at 121 Main St. Brockton Beer Co. will use the loan proceeds for working capital, equipment purchases, and other startup costs.

JLL arranges joint venture equity and $300 million construction loan - for the redevelopment of 40 Thorndike, a 475,000 s/f mixed-use project

Cambridge, MA According to JLL, its Capital Markets group arranged debt and equity financing for the redevelopment of 40 Thorndike, a 475,000 s/f mixed-use project with office, residential and retail uses.

EagleBridge Capital arranges $8.612 million
mortgage financing on behalf of the Vazza Real Estate Group

Chelmsford, MA EagleBridge Capital has arranged mortgage financing in the amount of $8.612 million for the Chelmsford Medical and Surgical Center on behalf of the Vazza Real Estate Group. The facility is located at 321 Billerica Rd.

Worth Avenue Capital closes $200,000 CRE loan

Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 CRE loan to a CT-based real estate investor. The loan proceeds will be used for working capital purposes and the loan is secured by a second mortgage on a local commercial condominium

Damigella of Marcus & Millichap Capital Corp. arranges $5.175m

Worcester, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets solutions, arranged a $5.175 million refinancing loan for a 46-unit multifamily property. The property is located at 44 Byron St.

Largo Capital secures $20.85 million in financing for three industrial assets

>Windsor, CT Dave Carswell, managing director of Largo Capital’s Manhattan office, secured $20.85 million in financing for three industrial properties. The first two transactions were bridge loans

Niland joins The Washington Trust Co. as vice president and regional manager

Braintree, MA According to The Washington Trust Company, Bill Niland has been hired as the vice president and regional manager for the Washington Trust Mortgage Company LLC. Niland will be headquartered in the Braintree office and will be responsible

Citizens names Murray as Massachusetts president

Boston, MA Citizens named Lisa Murray as its Massachusetts president, succeeding Jerry Sargent, who will continue to oversee New England and upstate New York as Citizens’ Northeast region executive.

The Real Estate Finance Association Emerging Leaders host Fall Panel: New Approach to Risk

Boston, MA REFA’s Emerging Leaders hosted their Fall Panel: New Approach to Risk as a webinar on September 21st. Lauren O’Neil, senior managing director and Boston office co-head at JLL, moderated the conversation