Understanding Preferred Equity in Real Estate - by Victor Lattanzi

What is preferred equity real estate financing?
Many investors, capital providers, and real estate developers use the term ‘preferred eq-uity’ often. But what exactly does it mean, and what’s its utility when it comes to fund-ing your business and your real estate development projects in the future?

EagleBridge Capital places $7.8 million financing for a mixed-use complex

Westport, CT EagleBridge Capital, working exclusively on behalf of its client, has arranged construction/permanent mortgage financing in the amount of $7.8 million for 785 Post Rd. East.

Groblewski and Monahan of Fantini & Gorga arrange $3.478 million financing

Swampscott, MA Fantini & Gorga arranged a $3.478 million first mortgage for 430 Paradise Rd., a 8,450 s/f neighborhood strip center. Senior managing director Casimir Groblewski and analyst Colin Monahan arranged the financing for a long-standing client, a Boston-based real estate investor.

Rockport Mortgage closes $42.4 million in financing for Market Mill Apartments - will preserve affordability at the rental housing development

Lowell, MA Rockport Mortgage has completed the closing of a $42.4 million, HUD Section 223(f) refinance loan. The transaction will preserve affordability at the rental housing development for 39 years.

Rockland Trust and Newburyport Bank provide $30.6 million to MINCO Development for the construction of Newburyport Crossing at Three Boston Way

Newburyport, MA Rockland Trust partners with Newburyport Bank to provide a $30.6 million loan to MINCO Development Corp. for the construction of their energy-efficient Passive Housing residential development, Newburyport Crossing at Three Boston Way.

North Easton Savings Bank promotes Green and St. Andre to assistant vice presidents

Easton, MA North Easton Savings Bank has promoted Jason Green to assistant vice president, commercial loan portfolio manager. In his new role, Green will be responsible for managing a portfolio of existing commercial and private banking relationships

Executive Profile: Lattanzi, managing partner at Semper Partners R.E.

www.semperpartnersre.com was set up to help today’s small to mid-sized real estate developer with the crucial steps of finance relationships needed to build his/her projects.

Citizens arranges $193.76 million loan for the development of a 262,468 s/f life science campus

Boston, MA Citizens has arranged a $193.76 million construction loan for the development of a new 262,468 s/f life science campus at Parcels O and P in the Raymond L. Flynn Marine Park

M&T Realty Capital Corp. closes $51.579m senior housing loan

Hartford, CT M&T Realty Capital Corp. has closed $51.579 million in Fannie Mae Seniors Housing loans for the acquisition financing of a seniors housing portfolio, on behalf of White Oak Healthcare REIT and Everbrook Senior Living.

Middlesex Federal Savings names Barrett as senior vice president and senior loan officer

Somerville, MA Middlesex Federal Savings has appointed Leo Barrett, Jr., as senior vice president and senior loan officer. He will replace Peter Bazzinotti, who will be retiring after a transition period.