Financial Digest

Fraser, president and CEO of South Coastal Bank, named chairman of board

South Coastal Bank president and CEO Robert Fraser has been elected to the position of chairman of the board of directors, following a meeti...

Fantini & Gorga arrange $18.44m permanent financing for two properties

Fantini & Gorga has arranged $18,443,800 in permanent financing for Winchester Nursing and Rehabilitation Center, a 121-bed skilled nursing ...

Petti of Arbor Commercial Funding originates $27m funding for 4 props.

Arbor Commercial Funding, LLC, recently funded four loans under the Fannie Mae DUS product line. These loans include: *Spring Ridge Apartmen...

Lucas of Love Funding completes the closing of $32.6 million financing for a portfolio of ten nursing home facilities

Love Funding recently completed the closings of separate HUD 232/223(a)(7) loans, totaling $32,646,400, for a portfolio of ten nursing home ...

Eastern Bank Corp. signs agreement to acquire Wainwright Bank & Trust - $163m

Eastern Bank Corp. signed a definitive agreement to acquire Wainwright Bank & Trust Co. in an all-cash transaction valued at $163 million. U...

Washington Beech Public Housing receives $13.5m loan from MassHousing

MassHousing has commited to a $13.5 million construction loan to an affiliate of Trinity Financial of Boston for Phase 2B of the ongoing Was...

Benedict of Holliday Fenoglio Fowler arranges $40.5m sale of 125,521 s/f prop.

The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of 75 Pleasant St., a 125,521 s/f, class A office building lea...

Ashworth Mortgage Corp. secures $14.7m financing on behalf of Equity Industrial

Ashworth Mortgage Corp. has secured $14.7 million in first mortgage financing on behalf of its client Equity Industrial Partners. The collat...

Broderick of Colliers Meredith & Grew arranges $8.5 million financing

Colliers Meredith & Grew's capital markets group has arranged a $8.5 million refinancing for a four-building, 173,917 s/f portfolio of offic...

Fess joins Brookline Bank as VP in the commercial R.E. lending group; and also opens branches in burlington and wellesley

Darryl Fess has joined Brookline Bank's commercial real estate lending group as vice president. Fess, a 20 plus-year banking veteran with ov...