Financial Digest

NorthMarq promotes Chase to managing director of Boston office

Boston, MA The Boston regional office of NorthMarq has promoted Michael Chase to managing director. In his new role, Chase will collaborate with managing director, Ed Riekstins, to co-lead the 12-person office as it continues to serve the entire New England region

Citizens Commercial Real Estate Finance team handles $150 million construction loan for Bulfinch

Cambridge, MA According to Citizens Bank, the Citizens Commercial Real Estate Finance team is leading a $150 million construction loan for Bulfinch, to build a new 270,000 s/f lab building and 383 space standalone garage at Cambridge Discovery Park (CDP) known as Building 400-500.

Welch, Coppola, Poole and Jenkins of Colliers International arranges $115 million financing for Atlantic Management and VMD Cos.

Revere, MA Colliers International’s Capital Markets group has arranged $115 million in bridge financing for Atlantic Management and VMD Cos. to refinance the 826,000 s/f former NECCO candy manufacturing facility located at 135 American Legion Hwy.

KeyBank arranges $50.2 million Freddie Mac first mortgage loan

Randolph, MA KeyBank Real Estate Capital has arranged a $50.2 million Freddie Mac first mortgage loan for Residences at Great Pond, a recently constructed apartment complex. The 234-unit, mid-rise complex is comprised of four, six-story residential buildings on 16.7 acres.

MassDevelopment issues $2.8 million tax-exempt bond to The duMONT Co. and Hassay Savage Co.

Deerfield, MA MassDevelopment has issued a $2.8 million tax-exempt bond on behalf of The duMONT Co. and Hassay Savage Co., western Massachus...

Washington Trust Comm’l. provides $1.75m financing to MCG Oxford, LLC

Oxford, CT Washington Trust’s Commercial Real Estate Group provided $1.75 million in financing to MCG Oxford, LLC, for the construction of a multi-tenant retail space. Located on a 1.1 acre parcel along Rte. 67 the new retail property

Cornerstone Realty Capital arranges $9.7m for eight properties

Lynn, MA Cornerstone Realty Capital has arranged $9.7 million in financing for a portfolio of eight properties in the city. A mix of refinances and acquisitions, the properties feature a total of 79 units across eight buildings and includes a total of 47 parking spaces

Real Estate Finance Association: Installation of president Travis D’Amato

Boston, MA On Thursday, January 24th, over 100 members gathered for the Greater Boston Real Estate Board’s (GBREB) installation of officers, where Travis D’Amato, SVP and managing director, Walker & Dunlop, was sworn in to his role as 2019 REFA president.

Ranieri of NorthMarq Capital negotiates $34.105m refinancing of five multifamily properties consisting 513 units

Hamden, CT Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s White Plains regional office, negotiated the $34.105 million refinancing of five multifamily properties consisting of a combined 513 units located throughout Connecticut. 

Sheehan and Sidel of EagleBridge Capital arrange $17 million financing

Dedham, MA EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $17.865 million for the Dior located at 910-928 Providence Hwy. The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel