Financial Digest

MassHousing closes $5.3 million financing for redev. of Moran Sq.

Fitchburg, MA MassHousing has closed on $5.3 million in financing to MSq Redevelopment LLC, an affiliate of Rees-Larkin Development, for the development of 44 affordable and workforce apartment homes as part of the Moran Sq. redevelopment.

Damigella of Marcus & Millichap Capital Corp. places $5m financing for a 30-unit multifamily property in Revere, MA

Revere, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets solutions, arranged a $5 million refinancing loan for a 30-unit multifamily property. The property is located at 30 Park Ave.

JLL Capital Markets arranges $6 million acquisition financing

Chelsea, MA JLL Capital Markets has arranged $6 million in acquisition financing for 25 Griffith Way, a 20,060 s/f, vacant, value-add, last-mile distribution warehouse.

Groblewski of Fantini & Gorga arranges $17 million refinancing on behalf of Spanish Trace, LLC, for Spanish Trace Apts. in Weymouth, MA

Weymouth, MA Fantini & Gorga has arranged a $17 million refinancing package for Spanish Trace Apartments. Senior managing director Casimir Groblewski placed the loan with a major New England-based banking institution on behalf of his client.

Citizens provides $40.7m construction loan for Boston housing project

Boston, MA According to Citizens,  its Community Development Group provided a $40.7 million construction loan to Trinity Orient Heights Phase Three LP, whose sponsor is Trinity Financial Inc. The loan provides financing

EagleBridge Capital arranges $14.5m for industrial complex - the loan was provided by a leading national bank

Stamford, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $14.5 million for an industrial complex. The mortgage financing was arranged by EagleBridge director Brian Walsh

Worth Ave. Capital closes $200,000 commercial loan

Norwalk, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 commercial loan to a Connecticut-based real estate developer for working capital purposes on an ongoing construction project.

Vocalina joins Essex Financial as a financial advisor

Essex, CT According to Essex Financial, Anthony Vocalina has joined the firm as a financial advisor. Prior to joining Essex Financial, Vocalina served for twenty years as a financial advisor at Fidelity Investments,

The Real Estate Finance Association hosts tour of J Malden Center and the new Malden City Hall

Boston, MA On Tuesday, August 17th REFA hosted an exclusive tour of J Malden Center and the new Malden City Hall for its mentorship program participants. Deborah Burke and Ron Hogan from the city of Malden shared a presentation about the development of the new City Hall

Rockland Trust leads financing of $61m to POAH for Salem Heights

Salem, MA Rockland Trust led a financing package of $61 million to Preservation of Affordable Housing (POAH) for the redevelopment of their affordable housing apartment building, Salem Heights. The project will consist of substantial renovations to the low-income residential property