KeyBank Real Estate Capital has originated a $12.2 million Fannie Mae, first mortgage loan for Sunrise of Leominster. Built in 1996, the property is comprised of one, three-story, 70-unit building situated on five acres. Nantucket, MA
Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale and arranged acquisition financing for The Veranda House Hotel Collection, two adjacent boutique hotel properties totaling 29 guest rooms. HFF represented the private sellers in the sale of the properties to affiliates of Procaccianti Companies.Boston, MA
The CBRE Capital Markets team has secured $62 million in financing for the recapitalization of a 19-building apartment portfolio located in Boston and Lynn, Mass. The assets consist of well-managed workforce housing with a combination of both market-rate and affordable apartments.Manchester, CT
Worth Avenue Capital, LLC (WAC) closed a $275,000 loan to a CT- based real estate developer. The loan proceeds will be used to begin to develop a large piece of commercial real estate.
Hunt Capital Holdings has acquired Peak 8 Asset Management. Peak 8’s investment professionals, including its president, David Moran, will remain employed by the firm. Boston, MA
The Real Estate Finance Association (REFA) has named Jonathan Davis, founder and CEO of The Davis Companies, as the 2019 annual REFA gala honoree. As the 31st recipient of the Swain Award, Davis joins a list of award honorees, all of whom have made outstanding contributions to the Greater Boston communityMattapan, MA
Sidney Spiegel of Spiegel Associates arranged a $3.28 million loan for a mixed-use property. The loan was funded by a regional bank that saw the value of the property to the community.Cambridge, MA
Fantini & Gorga has arranged a $28.35 million construction loan for a well located, transit-oriented, mixed-use development featuring 46 residential condominiums, ground floor amenity retail and underground parking adjacent to the historic St. James Episcopal Church in Porter Sq.
New Britain, CT
Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains-based regional office, secured the $25.5 million refinance of Pebblebrook Apartments, a 486-unit multifamily property located on Brittany Farms Rd. Dedham, MA
Colliers Boston Capital Markets team has arranged acquisition/rehab financing for a healthcare rehabilitation center located at 10 Carematrix Dr. The 63,000 s/f healthcare center was purchased by GFI Partners, a Boston-based investor/developer, and their partner, Walden Behavioral Care.