Financial Digest

Groblewski of Fantini & Gorga arranges $3.667 million acquisition financing

New Bedford, MA Fantini & Gorga has arranged $3.667 million in acquisition financing for Ocean Side Plaza, a 42,883 s/f neighborhood strip center. Senior managing director Casimir Groblewski arranged the financing for his client, HEET LLC,

Colliers arranges $38.7 million loan for class A industrial development

Boylston, MA Colliers Capital Markets has arranged $38.7 million in senior construction financing for the development of Pine Hill Dr., a fully-approved, 396,375 s/f, class A, warehouse and distribution facility located at 80 Pine Hill Dr.

JLL Capital Markets arranges $56 million in construction financing for 149 Newbury St. - a 43,500 s/f retail and office development

Boston, MA JLL Capital Markets has arranged $56 million in construction financing for the development of 149 Newbury St., a fully-approved, 43,500 s/f retail and office development in the city’s Back Bay neighborhood.

CBRE secures $89 million in financing for 75 Tresser Blvd.

Stamford, CT CBRE Capital Markets’ Debt & Structured Finance team has arranged an $89 million loan for the acquisition of 75 Tresser Blvd., a 344-unit, four-story residential property located in downtown.

East Cambridge Savings Bank and Patriot Community Bank finalize merger plans

Cambridge, MA 1854 Bancorp, the mutual holding company of East Cambridge Savings Bank, and Patriot Community Bank, a cooperative bank headquartered in Woburn, have jointly reached a definitive merger agreement in which 1854 Bancorp will acquire Patriot Community Bank

Rockland Trust provides $20 million in financing for two developments - to Anthony Rossi of 13 Sudbury Realty LLC and Hermon St. Development

Worcester, MA Rockland Trust provided over $20 million in combined construction loans to Anthony Rossi of 13 Sudbury Realty LLC and Hermon St. Development for the redevelopment of two properties. The capital will be used for the renovation of a former

Bluestone Bank wins 2021 NEFMA award for overall best campaign

Raynham, MA Bluestone Bank has been recognized as a 2021 NEFMA (New England Financial Marketing Association) award winner in the category of Best Overall Campaign. An independent panel of judges selected the most creative,

Worth Avenue Capital closes $130,000 commercial loan

New Haven, CT Worth Avenue Capital, LLC (WAC) closed a $130,000 commercial loan to a small market/restaurant in New Haven County, Conn. The borrower is using the loan proceeds for working capital purposes and the loan

MassDevelopment issues $15.8m bond for Dudley Crossing LLC

Boston, MA MassDevelopment has issued a $15.8 million tax-exempt bond on behalf of Dudley Crossing LLC, an affiliate of Nuestra Comunidad Development Corp., which will use proceeds to build and preserve 47 units of affordable housing

Save the date for the GBREB Installation of Officers & Division Presidents: April 13th, 2022

Boston, MA REFA began a busy month with a virtual Mentor Program kick-off event on February 10th featuring a record 52 mentor/mentee pairs. The REFA Mentor Program provides Emerging Leader members with the opportunity to