Financial Digest

JLL arranges $870 million construction loan for South Station redevelopment - on behalf of Hines, APG Groep NV and Dune Real Estate

Boston, MA JLL Capital Markets has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million s/f, 51-story mixed-use tower that will be built at the city’s South Station

Coulombe of Fantini & Gorga places $22.5 million financing for Residences at Joan’s Farm

Tewksbury, MA Fantini & Gorga has placed $22.5 million financing of a stabilized multifamily community. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing

MassHousing provides $14.4m to Barkan Cos.

Fitchburg, MA MassHousing has provided $14.4 million in affordable housing financing to an affiliate of the Barkan Companies, to extend the affordability of the Fitchburg Green affordable housing community,

Marcone of Marcone Capital arranges $7.8 million financing of Independence Place

Bedford, NH Mike Marcone of Marcone Capital, Inc. has arranged the $7.8 million financing of Independence Place, a property consisting of a high quality, two story, 102,538 s/f medical and general office building.

PGIM Real Estate Financing completes $12.4 million
refinancing of The Village at Cedar Heights

Mansfield, MA PGIM Real Estate Financing has completed $12.4 million in HUD 223(F) – Early Rate-Lock refinancing to Mansfield Apartments I, LLC for The Village at Cedar Heights. The property is located 10 Connors Ave.

Newmark Knight Frank arranges $173 million loan to refinance the Archer Residences on behalf of Center Court Mass, LLC

Boston, MA On behalf of Center Court Mass, LLC, Newmark Knight Frank (NKF) has arranged a $173 million loan to refinance the Archer Residences, a 62-unit luxury condominium project

Cornerstone Realty Capital completes $4.7 million refinance of 18-unit property

Brookline, MA Cornerstone Realty Capital arranged $4.7 million for the refinance of an apartment building located in the desirable Coolidge Corner neighborhood. The property features 18 residential apartments consisting of four studio units

JLL arranges $53.8m construction financing for The Noannet Group

Somerville, MA JLL has arranged $53.8 million in construction financing in the form of a participating mortgage for the development of Cambria Somerville-Cambridge, a new 163-room, full-service hotel.

CBRE secures $37.2m financing for acquisition of Alta Easterly on behalf of Audubon Capital Partners

Walpole, MA CBRE has secured $37.2 million in financing to assist with the acquisition of Alta Easterly, a 157-unit apartment community located at 1100 Cricket Ln.

MassHousing commits $7.9 million in affordable housing financing to The Neighborhood Developers

Revere, MA MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere St. The MassHousing financing will allow TND to construct 51 units of new affordable housing for households across a broad range of incomes, including 19 new workforce housing units.