Financial Digest

REFA is steadfast prepping and hosting events in 2023

Boston, MA The Real Estate Finance Association (REFA) hosted its second education program of the year: MBA Recap & Boston’s Lending Environment on Wednesday, March 8th at Atlantic Wharf, 290 Congress St.

Brown promoted to senior vice president, chief financial officer at Essex Savings Bank

Essex, CT According to Diane Arnold, president and CEO of Essex Savings Bank, Debra Brown has been promoted to senior vice president, chief financial officer in the wake of the current senior vice president chief financial officer Shawn Honan’s pending retirement

Fantini & Gorga arranges $30.6m financing for Wakefield Vista on behalf of its client, AG-MP Wakefield Vista Property Owner, L.L.C.

Wakefield, MA Fantini & Gorga has arranged $30.6 million in acquisition financing on behalf of its client, AG-MP Wakefield Vista Property Owner, L.L.C., an affiliate of a leading multifamily investment and management firm based in Boston.

The Village Bank hires Cruz as assistant vice president, fraud officer

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Jennifer Cruz as assistant vice president/fraud officer.

Cronheim secures $20.23 million financing for 100,000 s/f office property in Rowayton, CT

Rowayton, CT Andrew Stewart and Dev Morris of Cronheim Mortgage have secured $20.23 million in long-term interest-only financing for an office property. The 100,342 s/f property consists of two interconnected buildings, a historic structure developed

EagleBridge Capital arranges $6.14m construction/permanent mortgage for new CVS pharmacy

Braintree, MA EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $6.14 million for a new long-term leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.

Smith & Henzy Advisory Group secures $37.5 million construction financing

Newington, CT Delray Beach, FL-based developer Smith & Henzy Advisory Group has secured $37.5 million in construction financing for the development of The Pike, 151-unit multifamily property.

Fantini & Gorga arranges $12 million first mortgage for Gateway Sq., Burlington, VT - arranged by Clough and Monahan

Burlington, VT Fantini & Gorga arranged a $12 million first mortgage for Gateway Sq. The non-recourse loan was placed by Wayne Clough and Colin Monahan with a regional bank for the refinancing of 30 and 40 Main St., commonly known as Gateway Sq.

Cirone elected to the board of trustees at Union Savings Bank

Danbury, CT According to Lucie Voves, chair, Union Savings Bank (USB) board of trustees, Anthony Cirone, Jr., CPA and managing partner at Cironefriedberg LLP has been elected to the USB board of trustees.

Mondelci named New Leader in Banking recipient

Essex, CT According to Diane Arnold, president and CEO of Essex Savings Bank, Hilary Mondelci, assistant vice president, loan administration manager and assistant corporate secretary, was selected as 2023 New Leaders in Banking Award recipients.