Financial Digest

East Boston Savings Bank promotes Armstrong and Cotter

East Boston Savings Bank has made the following promotions: Keith Armstrong has been named a senior vice president. Armstrong heads the cons...

Rockport Mortage provides $4.41m loan to refinance Laurelwood Place

Rockport Mortgage Corporation provided a loan under the HUD 223(f) program to refinance Laurelwood Place Apartments and its existing HUD 202...

Clements named new chairman at Essex Savings Bank

Rowland Ballek, chairman of Essex Savings Bank and chairman of Essex Financial Services along with bank director Cemmy Ryland have retired f...

NorthEast Community Bank closes $2.572m in loans for 6 properties

NorthEast Community Bank has recently closed $2,572,220 in loans consisting of several transactions: Mortgage Network arranged the following...

The Washington Trust Company provides financing to The Elms of Westerly, LLC

The Washington Trust Company's commercial real estate group recently provided financing to The Elms of Westerly, LLC and GMM Properties, LLC...

Section 1031 may relieve some of the tax bite of a deed-in-lieu

In the current phase of the real estate cycle, a number of leveraged commercial real estate investors will experience foreclosure or a deed-...

Fantini & Gorga release third quarter 2008 lender survey

Fantini & Gorga has released its second quarter 2008 Lender Survey. What's the news? Markets continued unsettled. Our lenders are using a v...

Flex pricing and what it is in commercial real estate

"Flex pricing" and, what it is...is a question that is beginning to roil in the commercial real estate financing market today. Flex prici...

Jasie of Pioneer Financial Group secures $750,000 refinancing loan

Pioneer Financial Group, LLC recently placed financing in the amount of $750,000 on behalf of Penn Street, LLC. Managing member Sean Jasie w...

South Coastal Bank names Fraser president and CEO - to succeed O'Connor

According to South Coastal Bank, Robert Fraser of Marshfield has been elected by the board of directors to the position of president, effect...