Financial Digest

EagleBridge Capital arranges $7.85 million construction financing

Bloomfield CT EagleBridge Capital, working exclusively on behalf of its client, has arranged construction/permanent mortgage financing in the amount of $6.25 million plus $1.6 million of additional financing for the Tellus at Bloomfield Town Center Apartments.

KeyBank secures $44 million financing for two multifamily properties

Lawrence, MA KeyBank Real Estate Capital (KBREC) secured $44 million of fixed-rate Freddie Mac financing for the Dolben Company to refinance two multifamily housing properties in New England

Cornerstone Realty Capital arranges $53.285m construction loan for development of Edgemere Crossing, Shrewsbury, MA

Shrewsbury, MA Cornerstone Realty Capital arranged a $53.285 million construction loan on behalf of Edgemere Crossing Residential LLC, a joint venture between The Dolben Company, Inc. and Belmont Capital. The proceeds will be used for the construction of a multifamily property

Rockland Trust Provides $14 million to to Rees-Larkin Development, LLC for the Moran Sq. redevelopment project in downtown Fitchburg, MA

Fitchburg, MA Rockland Trust has provided a $14 million construction loan to Rees-Larkin Development, LLC. for their Moran Sq. redevelopment project in downtown. The Moran Sq. project consists of the adaptive re-use of two historic buildings, along with new construction

Stavvy starts $40 million in Series A financing with Flagstar Bank

Boston, MA Stavvy announces a $40 million Series A funding round. The investment will be used to expand the company’s aggressive hiring initiative to accelerate growth in paperless and digital solutions for banking and lending, which has seen explosive demand and interest

MassDevelopment places $800,000 for Eagle Mill Redevelopment

Lee, MA MassDevelopment has provided an $800,000 loan to Eagle Mill Redevelopment, LLC, which is using proceeds to redevelop the former Eagle Mill and surrounding parcels into a mixed-use complex featuring 128 residential housing units and 14,000 s/f of retail and office space

Fantini & Gorga places $6.672 million financing

Boston, MA Fantini & Gorga has placed acquisition financing of $6.672 million for four net leased properties located in Rochester, Tonawanda, and Depew, N.Y., and in Beaver Falls, Penn.

The Real Estate Finance Association hosts a virtual Executive Insights program on June 3rd

Boston, MA The REFA Emerging Leaders hosted a virtual Executive Insights program on June 3rd. This program featured Colleen O’Connor, VP, leasing, East Coast & U.K. Markets, BioMed Realty. O’Connor spoke about her background, projects she is working on

CBRE’s Multifamily Debt & Structured Finance team secures $15 million in financing

Chelsea, MA Bellingham Square LLC has completed the $19.05 million ($211,667 per unit) acquisition of a six-building, 90-unit multifamily portfolio. Bellingham Square LLC is a partnership amongst the principals of Vantage Real Estate, Harbor Run Development and Wallace Capital.

Fantini & Gorga arranges $1.865 million financing of Peabody KinderCare

Peabody, MA Fantini & Gorga arranged a $1.865 million first mortgage loan for the refinancing of the KinderCare located at 520 Lowell St. Fantini & Gorga placed the financing on behalf of a long-standing client. John Gorga, president and principal, and Lindsay Feig, senior director, represented their client