Financial Digest

Cornerstone Realty Capital arranges $14.847 million financing for the acquisition of Reed Street Apartments for True North Capital Partners

Randolph, MA Cornerstone Realty Capital arranged $14.847 million for the acquisition of Reed Street Apartments for True North Capital Partners. The 88-unit property consists of three 2.5-story garden-style brick apartment buildings

JLL Capital Markets arranges construction financing for two projects in Union Sq.

Somerville, MA JLL Capital Markets has arranged construction financing for two projects in the Union Sq. neighborhood of the city. Sitting adjacent to the new MBTA Union Sq. Green Line station, the 194,000 s/f, life sciences

The Real Estate Finance Association virtually hosts Annual Forecasting program on Jan. 28th

Boston, MA REFA kicked off 2021 by virtually hosting its Annual Forecasting Program on January 28th with over 200 members in attendance. The program included a

Fantini & Gorga completes the debt placement of $7.57 million

Auburn, ME Fantini & Gorga completed the debt placement of $7.57 million for the refinancing of a 168-unit multifamily complex.  Derek Coulombe, senior managing director and Ryan Maddaluna, analyst, placed the financing on behalf of their client

MassDevelopment issue $33.628 in bonds to Notre Dame Health Care

Worcester, MA MassDevelopment has issued a $31.668 million tax-exempt bond and a $1.96 million taxable bond on behalf of Notre Dame Health Care Center, Inc., a nonprofit that owns and operates Notre Dame Long Term Care and Rehabilitation Center

Cornerstone Realty Capital arranges $3.9 million in acquisition financing for a 12-unit apartment property

Cambridge, MA Cornerstone Realty Capital arranged $3.9 million for the acquisition of a 12-unit apartment property. The property consists of one, three-story residential building that sits on two tax parcels on the Somerville/Cambridge line. 

Mack-Cali refinances Emery at Overlook Ridge with a $72 million mortgage from New York Community Bank

Malden, MA Mack-Cali Realty Corp. has completed multiple transactions across its residential portfolio, including the construction take-out financing of The Emery at Overlook Ridge.

Nardi joins Bluestone Bank as VP

Raynham, MA Bluestone Bank, a leading mortgage lender in southeastern Massachusetts, has hired Craig Nardi as vice president, residential lending operations manager. Nardi joins the bank with 20 years of experience across the mortgage industry.

WAC closes $350,000 loan for CT developer

Greenwich, CT Worth Avenue Capital, LLC (WAC) closed a $350,000 construction loan for a real estate developer/investor on a new “spec” house. The loan proceeds will be used to complete the construction of the house

Eastern Bank named #1 SBA Lender in MA for the 12th and in New England for the 11th year in a row

Boston, MA Eastern Bank has been named by the U.S. Small Business Administration (SBA) as one of the top lenders to small businesses for SBA 7(a) and 504 loans. Eastern Bank ranked as the No. 1 U.S. Small Business Administration (SBA) lender in Massachusetts