Financial Digest

Bridgewater Savings Bank presents 14 local students with scholarships

Raynham, MA Peter Dello Russo, president and chief executive officer of Bridgewater Savings, has named the recipients of 14 academic scholarships totaling $21,000 awarded recently to local students.

The Real Estate Finance Association update: Commitment to diversity, equity and inclusion

Boston, MA This month, REFA double down on its commitment to Diversity, Equity and Inclusion. In 2018, REFA developed a DEI Policy, which was adopted by all of the divisions of the Greater Boston Real Estate Board.

MassHousing closes $25.6m in financing for Granite Lena Park

Dorchester, MA MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corp. for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park.

East Boston Savings Bank partners with local restaurants to supply over 1,300 meals to residents

East Boston, MA East Boston Savings Bank has partnered with local restaurants to supply over 1,300 meals in East Boston, South Boston, Dorchester and Revere. The meals were distributed at various

Cornerstone Realty Capital arranges $17 million in financing

Cambridge, MA Cornerstone Realty Capital arranged $17 million in financing for the refinance of a mixed-use property in Harvard Sq. The property, originally constructed in 2012, is comprised of three retail units

Marcone of Marcone Capital arranges $27 million financing of Highwood Office Park - a 278,859 s/f, three building property

Tewksbury, MA Mike Marcone of Marcone Capital, Inc. has arranged the financing of Highwood Office Park, a property consisting of a 278,859 s/f, three building, high quality office park. Highwood Office Park is located off of I-495

NKF arranges $8.3m in debt financing for Oliver Street Capital and Bain Capital Real Estate

Malden, MA Newmark Knight Frank (NKF) has arranged $8.3 million in debt financing for 129 Commercial St. on behalf of a partnership comprised of Oliver Street Capital and Bain Capital Real Estate (BCRE).

Coulombe of Fantini & Gorga arranges $22.5 million in financing for Residences at Joan’s Farm

Tewksbury, MA Fantini & Gorga has completed the placement of $22.5 million financing of a stabilized multifamily community. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing with a regional bank on behalf of the sponsor.

Boccabella promoted to senior vice president at The Village Bank

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Lisa Boccabella has been promoted to senior vice president of enterprise risk management.

The Real Estate Finance Association update: continuing to create virtual engagement opportunities

Boston, MA REFA continues to create virtual engagement opportunities for its members to continue networking and education throughout this time. REFA held its fifth Coffee Hour on May 7th. These Coffee Hours serve as a networking opportunity to virtually bring members together for an open dialogue.