Financial Digest

Sidel of EagleBridge arranges $1.6 million for bank building

Salem, MA EagleBridge Capital, has arranged mortgage financing in the amount of $1.6 million for a local bank building. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading bridge lender.

FinanceBoston arranges $5.5 million construction loan for a waterfront development in Swampscott

Swampscott, MA FinanceBoston has arranged senior debt financing for the construction of a six home development in the town on the North Shore of Boston.

Cornerstone Realty Capital arranges $14.82m in financing - also handles $6.955m financing for multifamily development

Cambridge, MA Cornerstone Realty Capital arranged $14.82 million in financing for the refinance of a portfolio of apartment properties located throughout Cambridge and Somerville.

NorthMarq’s Boston office secures $10.5m refinance of Hyannis House - a 111-unit multifamily property

Hyannis, MA Jeffrey Munoz, vice president of NorthMarq’s Boston office, completed the $10.5 million refinance of Hyannis House Apartments. The 111-unit multifamily property is located at 290 West Main St.

MassHousing provides $27.3m in affordable housing financing

Randolph, MA MassHousing has provided $27.3 million in affordable housing financing to an affiliate of Hebrew SeniorLife to renovate and extend the affordability for lower-income senior citizens at the 160-unit Simon Fireman Community.

The Real Estate Finance Association update: The 32nd Annual Virtual Gala – October 19th

Boston, MA REFA was busy at work in August planning its fall programming. REFA’s 6th Webinar: Hiring Diversely with Intention, originally slated to take place on Wednesday, September 9th

Pay attention to the lending marketplace - LIBOR - by Rob Pratt

Firms involved in hedging interest rate risks need to begin paying close attention to the developments in the lending marketplace related to changes in variable rate loans, hedges and the derivatives index, LIBOR.

MassHousing closes $87.2 million in financing for 808 Memorial Dr.

Cambridge, MA MassHousing has closed on a total of $87.2 million in affordable housing financing to the non-profit Homeowners Rehab, Inc. (HRI), for the modernization and preservation of affordability at the 300-unit 808 Memorial Dr.

Cornerstone Realty Capital arranges $6.5 million for a 42-unit mixed-use development

Hull, MA Cornerstone Realty Capital has arranged $6.5 million in financing for the construction of a mixed-use development on Nantasket Beach. Once construction is complete, the property will consist

NorthMarq handles financing solution via Freddie Mac for $5.54m refinance of Mill Falls Apartments

Lowell, MA Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office, arranged the $5.54 million refinance of Mill Falls Apartments.