Financial Digest

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.

Nogueira of East Cambridge Savings Bank featured on American Bankers Association podcast

Cambridge, MA East Cambridge Savings Bank (ECSB) president and CEO Gilda Nogueira was featured in the American Bankers Association (ABA) Banking Journal Podcast. In the half hour interview, Nogueira discussed the arc of her career at

Damigella of Marcus & Millichap Capital Corp. arranges $14.933 million financing in two deals

Leicester, MA Marcus & Millichap Capital Corp. (MMCC) has arranged a $6.945 million refinancing loan for a 78-unit multifamily property located at 500 Stafford St. Robert Damigella of MMCC arranged the 10-year loan

Spiegel Associates arranges $11.9 million for Cambridge condo construction

Cambridge, MA Sidney Spiegel of Spiegel Associates has arranged an acquisition and construction loan for 18 units at 1043-1069 Cambridge St. Upon completion, the property will consist of a single, four-story building with a

Real Estate Finance Association to host 33rd Annual REFA Gala: Tuesday, October 26th

Boston, MA On June 15th, REFA hosted Fundamentals Webinar on Equity 101. Martha Nay, senior director, capital markets, JLL moderated the program with Andrew Gray, director, capital markets, JLL. They presented on the basics

Washington Trust hires Botelho as commercial lending senior vice president

Providence, RI According to The  Washington Trust Company, Anthony Botelho has joined the bank’s commercial lending group as senior vice president of commercial banking and commercial & industrial (C&I) team leader

EagleBridge Capital arranges $7.85 million construction financing

Bloomfield CT EagleBridge Capital, working exclusively on behalf of its client, has arranged construction/permanent mortgage financing in the amount of $6.25 million plus $1.6 million of additional financing for the Tellus at Bloomfield Town Center Apartments.

KeyBank secures $44 million financing for two multifamily properties

Lawrence, MA KeyBank Real Estate Capital (KBREC) secured $44 million of fixed-rate Freddie Mac financing for the Dolben Company to refinance two multifamily housing properties in New England