As we finish the first quarter of 2021, our clients are asking us for our predictions regarding the overall insurance environment. Until 2018 the insurance marketplace saw significant inflows of capital, manageable loss experience and ample carrier surplus.
Taunton, MA Rockland Trust has provided two loans totaling roughly $9 million to Bassett Development LLC for Titicut Estates, a brand new 55 plus community. These two loans will be used to acquire the land and develop the infrastructure for this new project
Boston, MA Newmark has promoted Timothy O’Donnell and David Douvadjian, Jr. to senior managing director and director, respectively. Both O’Donnell and Douvadjian are a part of Newmark’s Debt and Structured Finance Group,
Cambridge, MA MassDevelopment has issued an $18.7 million tax-exempt bond on behalf of Truman Apartments, LLC, an affiliate of the Cambridge Housing Authority, which will use bond proceeds to buy, renovate, and equip the Harry S. Truman Apartments, a
Boston, MA REFA held its second DEI Discussion Series on April 28
th with a conversation about The Color of Law: A forgotten History of how our Government Segregated America, by Richard Rothstein. As part of REFA’s DEI Initiative, REFA
Foxborough, MA EagleBridge Capital has arranged mortgage financing in the amount of $4.78 million for 100 Foxborough Blvd., a two-story office building located in the Foxborough Business Center. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading New England based financial institution.
Taunton, MA Cornerstone Realty Capital arranged $3.43 million for the acquisition and renovation of a 30-unit multifamily property. The property consists of three two-story, identically-structured apartment buildings, originally built in 1987, that feature wood-framing, clapboard siding, and asphalt-shingled hip and gable roofs.
Fairhaven, MA Rockland Trust has provided a $10.5 million loan to SCG Development to facilitate the revitalization of the Oxford School Residences. The funds, which include a commitment to both
Plymouth, MA Colliers International arranged $42 million in financing of the newly developed Redbrook Apartments. The Colliers team, led by executive vice president Jeff Black
Salem, MA The Healthcare Group of Eastern Union has secured a $57 million bridge financing package that encompasses two skilled-care facilities in Florida and two more in Massachusetts.
