Lowell, MA MassDevelopment has issued an $11.325 million tax-exempt bond on behalf of The Finishing Trades Institute of New England Trust (FTINE). A nonprofit affiliate of District Council 35 of the International Union of Painters and Allied Trades, FTINE is a postsecondary educational
Lowell, MA Hunneman has closed financing for Isobel Lofts, a 26-unit multifamily redevelopment currently under construction in downtown. The firm worked to facilitate financing on behalf of the project’s developer, Nine Zero Two Development, a boutique real estate development company
Derry, NH Newmark has arranged a $143.1 million financing loan for The Fairways, an 849-unit class B apartment complex located at 1 Forest Ridge Rd. Vice chairman Ed Belz arranged the funding on behalf of landlord Makor Capital (Makor), a multifamily owner with numerous assets throughout New Hampshire and Massachusetts.
Canton, MA Gray, Gray & Gray, LLP, an accounting and business consulting firm, has been included among the 100 largest privately held companies in Massachusetts by the
Boston Business Journal. The firm is ranked 99
th with annual revenues of $38 million.
Old Saybrook, CT Worth Avenue Capital, LLC (WAC) has closed a $1.6 million commercial loan for a Connecticut-based law firm. The loan proceeds were used by the borrower to purchase a luxury property in the town, for $3.4 million. This loan is secured by a first mortgage on the aforementioned property with an underlying LTV of 47%.
Weymouth, MA Steve Jussaume has joined South Shore Bank as a commercial real estate team leader, according to Stephen DiPrete, chief commercial banking officer.
Boston, MA On Wednesday, July 23
rd, at The Retreat, 225 Franklin St., REFA Emerging Leaders presented the sold out 2025 Summer Panel & Reception. They explored what distress really means in today’s commercial real estate market. The moderator, Elizabeth Berthelette,
Salem, MA MassDevelopment has issued a $6 million tax-exempt bond on behalf of Plummer Youth Promise, Inc., a nonprofit human services provider that seeks to improve outcomes for young people in or at risk of entering state foster care.
Worcester, MA Marcus & Millichap Capital Corp. (MMCC) arranged $18.65 million in financing for three multifamily properties located in Worcester, Framingham and Waltham. Robert Damigella, managing director in MMCC’s Boston office,
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
