Financial Digest

Groblewski of Fantini & Gorga arranges $17.25 million refinancing

Darien, CT Fantini & Gorga has arranged a $17.25 million refinancing package for Hollow Tree Self Storage. Casimir Groblewski placed the loan with a major New England-based banking institution on behalf of his client

CBRE arranges $180 million construction loan for life sciences development at 101 College St., New Haven, CT

New Haven, CT CBRE has arranged a $180 million financing for the development of a life sciences facility at 101 College St. by Harrison Street and Winstanley Enterprises. A large commercial bank led the origination with significant participation from Webster Bank.

Messier of Lument closes on a $26 million Fannie Mae DUS conventional multifamily loan to refinance Garden Hill Apartments in Hartford, CT

Hartford, CT Lument has completed the closing of a $26 million Fannie Mae DUS conventional multifamily loan to refinance Garden Hill Apartments, a 591-unit mid-rise portfolio. Josh Messier, managing director in Lument’s New York office, led the transaction.

McIsaac of Bluestone Bank elected to the Mass. Bankers Association board of directors

Raynham, MA Meg McIsaac, president at Bluestone Bank has been elected treasurer of the Massachusetts Bankers Association (MBA) at its annual meeting in June. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.

The Real Estate Finance Association is gearing up for a busy fall schedule

Boston, MA REFA hosted a few events this past month for its Emerging Leader membership. On July 27th, the Emerging Leaders Committee met in person for the first time since early 2020. Over 40 members gathered at Tia’s on the Waterfront for an evening networking reception.

Sidel of EagleBridge Capital arranges $2.66 million financing

South Boston, MA EagleBridge Capital, working exclusively on behalf of its client, has arranged acquisition/permanent financing in the amount of $2.66 million for 471 West Broadway in South Boston.

Fantini & Gorga arranges $5.264 million in permanent financing for 1558 Massachusetts Ave. in Cambridge

Cambridge, MA Fantini & Gorga arranged $5.264 million in permanent financing for 1558 Massachusetts Ave., a classic brick 31-unit apartment house located directly across from the Harvard Law School. The FHA-insured loan

BankRI finances $3.6 million for purchase and renovation of Greenwich, CT residential properties

Greenwich, CT The Commercial Real Estate Division of Bank Rhode Island (BankRI) has finalized a loan to b7 Properties, LLC in the amount of $3.64 million. The financing supports the purchase and renovation of three

New England company in energy sector uses seven-figure WAC loan to fund building renovations

Guilford, CT Worth Avenue Capital, LLC (WAC) has closed a $1.25 million commercial loan to a New England based distribution company that provides smart technology in the energy sector. The loan proceeds will be used

Cornerstone Realty Capital arranges $12.25 million in refinancing

Jamaica Plain, MA Cornerstone Realty Capital has arranged $12.25 million for the refinance of a mixed-use property located in the Egleston Sq. neighborhood. The property is a five-story, mixed-use building.