WAC closes $150,000 commercial loan to a CT-based developer

Groton, CT Worth Avenue Capital, LLC (WAC) has closed a $150,000 commercial loan to a CT-based real estate developer who is a repeat customer for whom WAC has funded numerous transactions during the last six or seven years.

How real estate investors can use 1031 exchanges to build net worth - by Kaston and Starling

When looking to sell a property, real estate investors face major tax obligations from the resulting profits of the property being sold. To build their net worth faster, property owners can use the process of a 1031 Tax Deferred Exchange

The Real Estate Finance Association has an educational Spring for members

Boston, MA On Wednesday, May 18^th, over 150 REFA members tuned into a REFA Fundamentals Webinar on Insurance 101: Property & Liability.  Industry experts Mike White, Scott Mateer, and Annie Fleming of Brown & Brown – Specialty Risk Solutions

Understanding Preferred Equity in Real Estate - by Victor Lattanzi

What is preferred equity real estate financing?
Many investors, capital providers, and real estate developers use the term ‘preferred eq-uity’ often. But what exactly does it mean, and what’s its utility when it comes to fund-ing your business and your real estate development projects in the future?

EagleBridge Capital places $7.8 million financing for a mixed-use complex

Westport, CT EagleBridge Capital, working exclusively on behalf of its client, has arranged construction/permanent mortgage financing in the amount of $7.8 million for 785 Post Rd. East.

Groblewski and Monahan of Fantini & Gorga arrange $3.478 million financing

Swampscott, MA Fantini & Gorga arranged a $3.478 million first mortgage for 430 Paradise Rd., a 8,450 s/f neighborhood strip center. Senior managing director Casimir Groblewski and analyst Colin Monahan arranged the financing for a long-standing client, a Boston-based real estate investor.

Rockport Mortgage closes $42.4 million in financing for Market Mill Apartments - will preserve affordability at the rental housing development

Lowell, MA Rockport Mortgage has completed the closing of a $42.4 million, HUD Section 223(f) refinance loan. The transaction will preserve affordability at the rental housing development for 39 years.

Rockland Trust and Newburyport Bank provide $30.6 million to MINCO Development for the construction of Newburyport Crossing at Three Boston Way

Newburyport, MA Rockland Trust partners with Newburyport Bank to provide a $30.6 million loan to MINCO Development Corp. for the construction of their energy-efficient Passive Housing residential development, Newburyport Crossing at Three Boston Way.

North Easton Savings Bank promotes Green and St. Andre to assistant vice presidents

Easton, MA North Easton Savings Bank has promoted Jason Green to assistant vice president, commercial loan portfolio manager. In his new role, Green will be responsible for managing a portfolio of existing commercial and private banking relationships

Executive Profile: Lattanzi, managing partner at Semper Partners R.E.

www.semperpartnersre.com was set up to help today’s small to mid-sized real estate developer with the crucial steps of finance relationships needed to build his/her projects.