Financial Digest

Lument launches Boston agency production office

Boston, MA According to Lument, managing director Brian Sykes will head the company’s new office. Sykes will lead a local team responsible for originating agency loans and proprietary capital for institutional

The Village Bank hires Bunnag as branch manager

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Mark Bunnag has been hired as assistant vice president/Nonantum branch manager.

Cornerstone Realty Capital arranges $6.3m in financing for four medical office condos

Middlebury, CT Cornerstone Realty Capital arranged $6.3 million in financing for the acquisition of four medical office condos.

East Cambridge Savings donates to humanitarian relief orgs. for Ukraine

Cambridge, MA East Cambridge Savings Bank made donations to two organizations providing vital services to people displaced by the ongoing conflict in Ukraine. Doctors Without Borders in the United States and World Central Kitchen

Colliers Capital Markets arranges $128.7m for 465-unit development

Quincy, MA Colliers Capital Markets has arranged $128.7 million in construction financing for Ashlar Park, a 465-unit, class A, transit-oriented multifamily community currently under construction at the site of the former Quincy Medical Center.

Real estate developer uses Worth Avenue Capital loan to purchase mixed use land in Thompson, CT

Thompson, CT Worth Avenue Capital, LLC (WAC) closed a $500,000 bridge loan to a Connecticut-based real estate developer for the purpose of purchasing 152 acres of mixed use land. Upon completing the purchase of the property

Eastern Bank adds Charles D. Sheehy as commercial customer

Boston, MA Eastern Bank has added Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving

The Real Estate Finance Association has a busy Spring planned for members

The Real Estate Finance Association (REFA) hosted its first in-person education program since 2020 on Thursday, April 28th at Atlantic Wharf, 290 Congress St. on Institutional Mindset:

North Easton Savings Bank offers first-time homebuyer workshops

Easton, MA North Easton Savings Bank recently held a series of First-Time Homebuyer Workshops, providing valuable information about the homebuying process to those in attendance

Cornerstone Realty Capital arranges $9m in financing for a 385-unit redevelopment site

Everett, MA Cornerstone Realty Capital arranged $9 million in financing on behalf of V10 Development for the acquisition of a 0.95 acre residential redevelopment site. Located in the city’s Commercial Triangle Economic Development District, V10 Development will raze the existing 16,900 s/f