Financial Digest

Niland joins The Washington Trust Co. as vice president and regional manager

Braintree, MA According to The Washington Trust Company, Bill Niland has been hired as the vice president and regional manager for the Washington Trust Mortgage Company LLC. Niland will be headquartered in the Braintree office and will be responsible

Citizens names Murray as Massachusetts president

Boston, MA Citizens named Lisa Murray as its Massachusetts president, succeeding Jerry Sargent, who will continue to oversee New England and upstate New York as Citizens’ Northeast region executive.

The Real Estate Finance Association Emerging Leaders host Fall Panel: New Approach to Risk

Boston, MA REFA’s Emerging Leaders hosted their Fall Panel: New Approach to Risk as a webinar on September 21st. Lauren O’Neil, senior managing director and Boston office co-head at JLL, moderated the conversation

MassHousing closes $5.3 million financing for redev. of Moran Sq.

Fitchburg, MA MassHousing has closed on $5.3 million in financing to MSq Redevelopment LLC, an affiliate of Rees-Larkin Development, for the development of 44 affordable and workforce apartment homes as part of the Moran Sq. redevelopment.

Damigella of Marcus & Millichap Capital Corp. places $5m financing for a 30-unit multifamily property in Revere, MA

Revere, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets solutions, arranged a $5 million refinancing loan for a 30-unit multifamily property. The property is located at 30 Park Ave.

JLL Capital Markets arranges $6 million acquisition financing

Chelsea, MA JLL Capital Markets has arranged $6 million in acquisition financing for 25 Griffith Way, a 20,060 s/f, vacant, value-add, last-mile distribution warehouse.

Groblewski of Fantini & Gorga arranges $17 million refinancing on behalf of Spanish Trace, LLC, for Spanish Trace Apts. in Weymouth, MA

Weymouth, MA Fantini & Gorga has arranged a $17 million refinancing package for Spanish Trace Apartments. Senior managing director Casimir Groblewski placed the loan with a major New England-based banking institution on behalf of his client.

Citizens provides $40.7m construction loan for Boston housing project

Boston, MA According to Citizens,  its Community Development Group provided a $40.7 million construction loan to Trinity Orient Heights Phase Three LP, whose sponsor is Trinity Financial Inc. The loan provides financing

EagleBridge Capital arranges $14.5m for industrial complex - the loan was provided by a leading national bank

Stamford, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $14.5 million for an industrial complex. The mortgage financing was arranged by EagleBridge director Brian Walsh

Worth Ave. Capital closes $200,000 commercial loan

Norwalk, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 commercial loan to a Connecticut-based real estate developer for working capital purposes on an ongoing construction project.