Financial Digest

Vocalina joins Essex Financial as a financial advisor

Essex, CT According to Essex Financial, Anthony Vocalina has joined the firm as a financial advisor. Prior to joining Essex Financial, Vocalina served for twenty years as a financial advisor at Fidelity Investments,

The Real Estate Finance Association hosts tour of J Malden Center and the new Malden City Hall

Boston, MA On Tuesday, August 17th REFA hosted an exclusive tour of J Malden Center and the new Malden City Hall for its mentorship program participants. Deborah Burke and Ron Hogan from the city of Malden shared a presentation about the development of the new City Hall

Rockland Trust leads financing of $61m to POAH for Salem Heights

Salem, MA Rockland Trust led a financing package of $61 million to Preservation of Affordable Housing (POAH) for the redevelopment of their affordable housing apartment building, Salem Heights. The project will consist of substantial renovations to the low-income residential property

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