Financial Digest

Board of directors at Essex Savings Bank name Gibble chairman

The board of directors of Essex Savings Bank elected Kenneth Gibble of Old Saybrook to chairman of the bank. Gibble was elected trustee in 1...

Depreciation recapture and section 1031

Clients wanting to do a section 1031 exchange plan to avoid paying tax on the otherwise taxable gain. However, Section 1031 is not the only ...

Cornerstone Realty arranges $9.35 million in acquisition financing

Cornerstone Realty Consultants arranged $9.35 million in financing for the acquisition of a 90 unit apartment portfolio by Arlington Minutem...

York of Arbor completes $7.78 million financing for Bridgeport Portfolio

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, recently completed the funding of a $7.78 millio...

Orloff of NorthMarq arranges $5 million mortgage financing for Bay Pointe Marina in Quincy, Mass.

Debbie Orloff, senior vice president of NorthMarq's Boston regional office, arranged mortgage financing of $5 million for Bay Pointe Marina....

MassHousing commits $12.2m to preserve affordable housing

MassHousing has made loan commitments of up to $6.8 million to preserve affordability at Joseph's House in Fitchburg and up to $5.4 million ...

M&T Realty Capital closes $20.1m loan for three building apartment complex

Mike Killion, vice president and Arnold Smeenk, national production manager for M&T Realty Capital Corp. have reported the closing of a $20....

Herron and LaBine of HFF place $25 million financing for H.N. Gorin, Inc.

Holliday Fenoglio Fowler, L.P. (HFF) has secured $25 million in financing for 101 Merrimac St., a 10-story, 159,173 s/f class A office build...

How to create and manage retirement income - Part 2

Part 1 appeared in the June 12th edition of the New England Real Estate Journal in the Financial Digest section. 3. Dividend Paying Stocks: ...

REFA celebrates 10th annual golf outing

For weeks before the outing the word around the REFA executive office was: Monday, rain. I made a mental note to pack an umbrella. Thought a...