Financial Digest

Cornerstone Realty Capital arranges $5.7 million acquisition financing

Salem, NH Cornerstone Realty Capital arranged $5.7 million for the acquisition of Rosewood Apartments, a 42 unit apartment complex. The complex features 7 two-story buildings with a mix of 14 two-bedroom, one-bathroom units, 4 two-bedroom, one-bathroom units with a study

BayCoast Bank opens Berkley branch on February 4

Berkley, MA According to BayCoast Bank, the bank opened its 19th branch serving the South Coast region, on February 4. Local resident Diane ...

Washington Trust provides $1.34 million financing to MCG Cromwell, LLC

Cromwell, CT Washington Trust’s Commercial Real Estate Group provided $1.34 million in financing to MCG Cromwell, LLC, for the construction of a Dollar General store. Located on a 1.2 acre parcel at 539 Main St. (Rte. 99),

HFF completes $11.7m financing for Harbor Hotel Provincetown

Provincetown, MA Holliday Fenoglio Fowler, L.P. (HFF) hasw completed the $11.7 million financing of the 129-key Harbor Hotel Provincetown. ...

Worth Avenue Capital closes $3.5 million line of credit to a CRE dev. group

Hartford, CT Worth Avenue Capital, LLC (WAC) closed a $3.5 million line of credit to a CRE development group. The purpose of the loan is to provide construction financing on a bridge basis to enable the borrower to continue the construction and development

MassHousing provides $44.8m in financing to B’nai B’rith Housing

Brighton, MA Senior citizens living at the 200-unit Covenant House I and II housing community have had affordable rents extended through 205...

FinanceBoston arranges $2 million in cash-out refinancing for office building

South Boston, MA FinanceBoston arranged $2 million in senior financing for the cash-out refinance a multi-tenant office building on Dorchest...

Mortimer named chairman of the board of Haverhill Bank

Haverhill, MA Thomas Mortimer has been named chairman of the board of Haverhill Bank following the retirements of two longtime board members...

Real Estate Finance Association hosts a program on “CRE Tech in Practice” Feb. 28th

Boston, MA On Thursday, February 28th REFA held a program on “CRE Tech in Practice” at Morgan Lewis, One Federal St. The panel d...

Kelly of CBRE secures $68m first mortgage financing for the recapitalization of Hub 25

Boston, MA The CBRE Capital Markets team has secured $68 million in first mortgage financing for the recapitalization of Hub 25, a 278-unit apartment community located at 25 Morrissey Blvd. The owner, Qianlong Morrissey LLC, is a premier owner and developer within the New England market.