Easton, MA North Easton Savings Bank has promoted Thomas Samaras Jr. to business banking officer. Samaras brings years of banking and relationship experience to the growing team of business bankers.
Fitchburg, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $11.42 million in acquisition financing for the Forest Ridge Apartments, a 90-unit, multifamily property located on 12.35 acres at 6 Mary Anna Dr. for a closing that took place on December 21, 2023.
Swampscott, MA WinnDevelopment, the development arm of WinnCompanies, has closed on financing for a 114-unit, mixed income, transit-oriented apartment community, keeping construction on track for completion and occupancy by the middle of 2025.
Wilmington, MA JLL Capital Markets has arranged $57 million in construction financing for 800 Salem St., an industrial logistics development totaling 237,800 s/f. The project is fully entitled with site work complete, vertical construction underway and an anticipated delivery in Q3 2024.
Montville, CT Worth Avenue Capital, LLC (WAC) has closed a $1.5 million construction loan to a Connecticut-based real estate developer. The loan proceeds are being used towards the construction of an 18-unit condominium complex.
Boston, MA Barings has provided an $84 million loan to refinance the existing loan on Hotel Commonwealth. JLL advised the sponsorship on the financing from Barings. Located at 500 Commonwealth Ave., situated in Kenmore Sq., adjacent to Boston University’s campus and Fenway Park,
North Adams, MA According to MountainOne Bank, Jason Bianchi has joined the residential lending team as assistant vice president, community mortgage lending specialist. Reporting directly to the head of residential lending, Bianchi will work out of the Berkshires, and serve as a member of the bank’s Community Reinvestment Act (CRA) committee.
Chicopee, MA MassDevelopment has issued a $6.543 million tax-exempt bond on behalf of Mental Health Association, Inc. (MHA), which will use proceeds to buy and renovate a 78,378 s/f building at 350 Memorial Dr. where it will relocate its headquarters from Springfield, Mass. and house its mental health programs and residential and support services.
Boston, MA According to developer Millennium Partners, M&T Bank, one of the nation’s largest banks with over $200 billion in assets, has signed a lease for 39,000 s/f of office space at Winthrop Center, a 691-foot mixed-use tower in the city. The energy-efficient office space at Winthrop Center was certified by Passive House Institute as the largest Passive House office building in the world.
The Real Estate Finance Association (REFA) is pleased to be supporting Breaktime and FamilyAid Boston as our Charitable Partners...