Financial Digest

Lipson of Berkadia secures $42.949 million for Chestnut Hill Realty for Hancock Estates, a garden-style multifamily property

Chestnut Hill, MA Berkadia has completed the financing secured for Hancock Estates, a garden-style multifamily property. Managing director Robert Lipson of Berkadia’s Shrewsbury, NJ office secured the $42.949 million in permanent refinancing for the property on behalf of the borrower, Chestnut Hill Realty.

Marcus & Millichap Capital Corp. arranges a $3.75m loan to refinance a 20-unit complex

Berlin, CT Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.75 million loan to refinance a class A townhouse apartment complex. The ten-year interest only loan was provided by a securitized lender at a 65% loan-to-value with a favorable rate.

Market Realities – 2021 Forecast - by Spencer Macalaster

As we finish the first quarter of 2021, our clients are asking us for our predictions regarding the overall insurance environment. Until 2018 the insurance marketplace saw significant inflows of capital, manageable loss experience and ample carrier surplus.

Rockland Trust provides $9 million in loans to Bassett Development LLC for Titicut Estates - a brand new 55 plus community in Taunton, MA

Taunton, MA Rockland Trust has provided two loans totaling roughly $9 million to Bassett Development LLC for Titicut Estates, a brand new 55 plus community. These two loans will be used to acquire the land and develop the infrastructure for this new project

Newmark promotes O’Donnell and Douvadjian

Boston, MA Newmark has promoted Timothy O’Donnell and David Douvadjian, Jr. to senior managing director and director, respectively. Both O’Donnell and Douvadjian are a part of Newmark’s Debt and Structured Finance Group,

MassDevelopment issues $18.7 million tax-exempt bond on behalf of Truman Apartments, LLC

Cambridge, MA MassDevelopment has issued an $18.7 million tax-exempt bond on behalf of Truman Apartments, LLC, an affiliate of the Cambridge Housing Authority, which will use bond proceeds to buy, renovate, and equip the Harry S. Truman Apartments, a

The Real Estate Finance Association hosts its second DEI Discussion Series on April 28th

Boston, MA REFA held its second DEI Discussion Series on April 28th with a conversation about The Color of Law: A forgotten History of how our Government Segregated America, by Richard Rothstein. As part of REFA’s DEI Initiative, REFA

Sidel of EagleBridge Capital arranges $4.78m financing for Foxborough office building

Foxborough, MA EagleBridge Capital has arranged mortgage financing in the amount of $4.78 million for 100 Foxborough Blvd., a two-story office building located in the Foxborough Business Center. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading New England based financial institution.

Cornerstone Realty Capital arranges $3.43 million financing of a 30-unit multifamily property

Taunton, MA Cornerstone Realty Capital arranged $3.43 million for the acquisition and renovation of a 30-unit multifamily property.  The property consists of three two-story, identically-structured apartment buildings, originally built in 1987, that feature wood-framing, clapboard siding, and asphalt-shingled hip and gable roofs.

Rockland Trust provides $10.5 million loan to SCG Development to facilitate the revitalization of the Oxford School Residences

Fairhaven, MA Rockland Trust has provided a $10.5 million loan to SCG Development to facilitate the revitalization of the Oxford School Residences. The funds, which include a commitment to both