Cambridge, MA Cornerstone Realty Capital arranged $3.9 million for the acquisition of a 12-unit apartment property. The property consists of one, three-story residential building that sits on two tax parcels on the Somerville/Cambridge line.
Malden, MA Mack-Cali Realty Corp. has completed multiple transactions across its residential portfolio, including the construction take-out financing of The Emery at Overlook Ridge.
Raynham, MA Bluestone Bank, a leading mortgage lender in southeastern Massachusetts, has hired Craig Nardi as vice president, residential lending operations manager. Nardi joins the bank with 20 years of experience across the mortgage industry.
Greenwich, CT Worth Avenue Capital, LLC (WAC) closed a $350,000 construction loan for a real estate developer/investor on a new “spec” house. The loan proceeds will be used to complete the construction of the house
Boston, MA Eastern Bank has been named by the U.S. Small Business Administration (SBA) as one of the top lenders to small businesses for SBA 7(a) and 504 loans. Eastern Bank ranked as the No. 1 U.S. Small Business Administration (SBA) lender in Massachusetts
The Real Estate Finance Association (REFA) has named its Board of Directors for 2021. Bill Flynn, SVP, business development, Net Lease Capital, will serve as president, along with president-elect, Lauren O’Neil, senior managing director, JLL, and treasurer Nilesh Bubna
Manchester, CT Cornerstone Realty Capital recently arranged $21.5 million for the refinance of Bob’s Discount Furniture’s headquarters. The property consists of a 103,500 s/f Class A office building that sits on a single 9.02-acre tax parcel. The sponsor, Waterstone Properties Group, constructed the building in 2017, and it is in excellent overall condition.
Canton, MA Fantini & Gorga has recently arranged transactions totaling $19.975 million for the development of Millside at Heritage Park, a transit oriented, 60-unit, age-restricted residential rental project. Casimir Groblewski, senior managing director, and Lindsay Feig, director, represented their client
Uncasville, CT Worth Avenue Capital, LLC (WAC) has closed a $500,000 construction loan for a builder/real estate developer in Connecticut who specializes in both new construction and renovation projects. The loan proceeds will be used to renovate a former rooming house
Lynn, MA Sidney Spiegel of Spiegel Associates arranged an acquisition and construction loan for a property originally the home of the Lynn Item newspaper. The property will be developed into 31 studio apartments and 16,000 s/f of retail and commercial space.
