Financial Digest

Rooney promoted to principal at FinanceBoston

Boston, MA Brian Rooney, senior associate at the commercial real estate capital advisory firm FinanceBoston, has been promoted to principal at the growing company.

Real Estate Finance Association to welcome Grant as keynote speaker for Forecasting Program

On January 12th, REFA hosted its first webinar of the year on “Uncertainty in Construction: The Impact on Real Estate Development.” Tod McGrath, VP, finance, Boston Properties moderated a conversation with Teri Ford,

Cornerstone Realty Capital arranges $9 million for the refinance of a 23-unit apartment building

Boston, MA Cornerstone Realty Capital arranged $9 million for the refinance of a 23-unit apartment building located at 1 Newcomb St. This property consists of a newly constructed six-story apartment building.

Drew Co. receives $27.6 million in financing from Rockland Trust

Scituate, MA The Drew Company, a Boston-based, privately held, real estate development and management company, closed with Rockland Trust Bank on a $27.6 million construction loan for the residential real estate project, SkySail at Driftway.

Berkadia secures $64.15 million financing for five-property portfolio - on behalf of the borrower, Massachusetts-based Chestnut Hill Realty

Brookline, MA Berkadia secured financing for Brookline Cambridge Portfolio, a five-property multifamily portfolio. Managing director Robert Lipson of Berkadia Shrewsbury secured the $64.15 million in refinancing through Freddie Mac

Fantini & Gorga places $7.779m financing

Pepperell, MA Fantini & Gorga has placed a $7.779 million permanent financing for Rolling Meadows Apartments, a 75-unit townhouse apartment property.

Malka and Gauptman of Dwight Capital finances $29 million bridge loan - a 121-unit luxury apartment community

Mystic, CT Dwight Capital has closed a $29 million bridge refinance for Harbor Heights Apartments, a 121-unit luxury apartment community.

Weilgus of Mag Mile Capital secures $1.7 million in acquisition financing

Norwell, MA According to Mag Mile Capital, Matt Weilgus, senior vice president of originations and general counsel in the firm’s Westport, Conn. office, has secured $1.8 million in acquisition financing in connection with a multi-tenant retail property

JLL Capital Markets arranges $246m in construction financing for 808 Windsor

Somerville, MA JLL Capital Markets has arranged $246 million in construction financing for 808 Windsor, a to-be-built, life sciences development totaling 353,000 s/f. JLL worked on behalf of the borrower, a partnership between Leggat McCall Properties, DLJ Real Estate Capital Partners and Deutsche Finance America

MassHousing closes $26.9m in financing to create 87 new mixed-income apartments at 608 Broadway in Lawrence, MA

Lawrence, MA MassHousing has closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex. The $46.8 million mixed-income project will repurpose a former industrial