Financial Digest

IPA Capital Markets secures $110 million in
joint venture equity and agency financing

Bridgeport, CT IPA Capital Markets, a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has secured $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro,

MassDevelopment issues $105.82 million tax-exempt bond on behalf of Williams College

Williamstown, MA MassDevelopment has issued a $105.82 million tax-exempt bond on behalf of the president and trustees of Williams College. The organization will use bond proceeds to finance several projects on the college’s campus, including (1) building and equipping a new art museum and multipurpose recreation center,

Boston Financial closes $170 million multi-investor LIHTC fund

Boston, MA Boston Financial, reportedly the largest syndicator of U.S. Low-Income Housing Tax Credits, has closed Boston Financial Institutional Tax Credits 60 Limited Partnership, a $170 million multi-investor LIHTC fund.

Walker & Dunlop, Inc. finances $137.288 million for LUKA on the Common - a 398-unit, 30-story property located in downtown Boston

Boston, MA Walker & Dunlop, Inc. has financed $137.288 million for LUKA on the Common, a 398-unit, 30-story trophy asset located in downtown. The Walker & Dunlop Boston investment sales team, under the leadership of managing directors Travis D’Amato and Michael Coyne, facilitated the sale

Stewart, Morris, and Szwalbenest of Cronheim Mortgage complete $7.4 million refi. of the Merrill Road Retail Plaza

Pittsfield, MA Cronheim Mortgage has secured $7.4 million for the refinancing of the Merrill Road Retail Plaza, a 125,000 s/f neighborhood shopping center. Andrew Stewart, Dev Morris, and Brandon Szwalbenest of Cronheim secured the financing on behalf of Phoenix Realty Management,

Bhat of Marcus & Millichap Capital Corp. handles
$5.1m financing for 22-unit multifamily property

Framingham, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $5.1 million financing for the acquisition of a 22-unit multifamily property located at 10 Centennial Place.

JLL arranges $94 million refinancing for LINX, a 185,015 s/f life sciences building in Watertown, MA

Watertown, MA JLL?Capital Markets has arranged a $94 million refinancing for LINX, a 185,015 s/f, class A life sciences building. JLL worked on behalf of the borrower, Clarion Partners, to secure the five-year loan through Société Générale, whose team was led by Tim Hallock, managing director.

Boston Residential Group secures $90 million in financing to develop 55 India St. on the Greenway in downtown Boston

Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units

Meshacket Commons in Edgartown on Martha’s Vineyard receives $19.75 million financing from Rockland Trust

Edgartown, MA Rockland Trust has provided $19.75 million of construction financing in partnership with Affirmative Investments, Inc. and the non-profit Island Housing Trust for the development of Meshacket Commons. Located in Martha’s Vineyard’s historic Edgartown, this development

Sidel of EagleBridge Capital arranges $9.2
million refinancing for two-story, 61,177 s/f property

Marlborough, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $9.2 million for 33 Locke Dr. The mortgage financing was arranged by EagleBridge principal Ted Sidel who said that the loan was provided by a leading regional financial institution.