Financial Digest

The Village Bank promotes Jirichian to assistant treasurer and hires Cavanaugh and Zacharer

Auburndale, MA The Village Bank has promoted JoAnn Jirichian abd has hired Reilly Cavanaugh and Susan Zacharer. Jirichian, who joined The Village Bank in 2008, was promoted to assistant treasurer/branch manager

Real Estate Finance Association July update: Annual Summer Panel & Reception will take place on August 7th

Boston, MA REFA’s Fundamentals programs are tailored as 101-type educational events covering various relevant and timely industry topics. On July 18th, REFA will be holding its second Fundamentals program of the year

Munoz of NorthMarq arranges $3.7 million construction loan for Andrews St. Apartments

Lynn, MA Jeffrey Munoz, vice president of NorthMarq’s Boston-based regional office, secured the $3.7 million construction loan for Andrew St. Apartments, a 32-unit class A multifamily property located at 38-44 Andrew St.

Coulombe and Feig of Fantini & Gorga finalize $2.5 million in financing

Peabody, MA Fantini & Gorga has arranged $2.5 million in first mortgage financing for a 40,861 s/f, 22 tenant office property located at 1R Newbury St.

Marcone of Marcone Capital, Inc. arranges $23.07 million acquisition financing for a 56,094 s/f office building in Boston

Boston, MA Mike Marcone of Marcone Capital, Inc. has arranged $23.07 million acquisition financing for a brick and beam, 56,094 s/f office building located at 109-115 Broad St.

Sidel of EagleBridge Capital handles $9.435 million mortgage financing for a residential rental portfolio in Metro Boston

Boston, MA EagleBridge Capital has arranged mortgage financing totaling $9.435 million for a residential rental portfolio of single and two-family homes

American Street Capital places $30.4 million loan for a 111-unit multifamily property in Brookline, MA

Brookline, MA American Street Capital (ASC) has arranged a $30.4 million loan for a 111-unit multifamily high rise. Built in 1965, the 15-story multifamily tower contains a unit mix of one and two-bedroom apartments averaging 1,014 s/f. 

Gallagher promoted to commissioner OCABR’s Division of Banks

Boston, MA According to the Office of Consumer Affairs and Business Regulation’s (OCABR) undersecretary Edward Palleschi, senior leadership appointments

Cornerstone arranges $2.9 million for the acquisition of two properties

Bridgeport, CT Cornerstone Realty Capital arranged $2.9 million in financing for two apartment buildings. One within the Black Rock neighborhood, the other towards the center of town

Worth Avenue Capital closes a $150,000 loan

Manchester, CT Worth Avenue Capital, LLC (WAC) closed a $150,000 commercial loan to a wood pellet manufacturing company that is in its start up phase and will be located locally.