Financial Digest

Middlesex Savings Bank finances $12 million New England Ice Cream Corp. expansion

Middlesex Savings Bank, one of the largest independent banks in Mass. with assets exceeding $4 billion, has provided $12 million to finance ...

MassHousing and Department of Housing and Community Development place $13 million in loans for affordable housing

MassHousing and the state Department of Housing and Community Development (DHCD) presented $13 million in Affordable Housing Trust Fund (AHT...

Florence Bank names Fontaine as senior vice president - director of retail banking

According to Florence Bank, a mutually-owned savings bank serving the Pioneer Valley through 9 branch locations, Anthony Fontaine has joined...

Gaccione of CBRE arranges $20.2 million financing for 265-room Doubletree Norwalk hotel

CBRE Capital Markets' Debt & Structured Finance team has arranged $20.2 million for the refinancing of the Doubletree Norwalk, a 265-key, fu...

The Warren Group reports that Bay State foreclosure deeds decline by double digits in February

Foreclosure deeds in Massachusetts fell by 14.6% in February, marking the second consecutive month of decreases, according to The Warren Gro...

Worth Avenue Capital closes $90,000 commercial loan for CT real estate investor

Worth Avenue Capital, LLC (WAC) closed a $90,000 commercial loan for a real estate investor. The loan proceeds are being used by the investo...

Groblewski, Miller and Cunnane of Fantini & Gorga arrange $19 million refinancing

Boston-based Fantini & Gorga recently arranged a $19 million first mortgage refinancing facility for Lincoln North, a first class office bui...

Upcoming REFA Programs and Charitable Golf Beneficiaries named

On April 29, REFA will be hosting a Fundamentals Program on Commercial Real Estate Appraisals. The panel will feature: David Cary, MAI, MRIC...

Cornerstone Realty Capital places $1.3m financing for multifamily redevelopment

Cornerstone Realty Capital arranged $1.3 million in financing for its client, 117 Centre Street LLC for the purchase and renovation of a sin...

Closing costs in a 1031 Exchange: Investors need to discuss all expenses with their tax advisors

There are two important issues to consider when determining how to handle expenses in a 1031 exchange. The first has to do with whether pay...