strong>Somerville, MA JLL Capital Markets has arranged the $48 million sale and $24 million in acquisition financing for two contiguous properties, including a 1.2-acre development site and the leasehold interest in a 252-space parking garage in a Qualified Opportunity Zone. JLL marketed the property on behalf of several private sellers for the land and a private owner on the leasehold interest.
Boston, MA Arbor Realty Trust, Inc., a leading multifamily and commercial mortgage lender, recently closed several transactions across the U.S. Some of the details of the transactions are below: • Austin Heights in Waterbury, Conn., received $4.6 million with a 22-year term. The low-income housing complex includes one, two, three and four-bedroom options.
Boston, MA Over 250 REFA members and friends “gathered” to celebrate REFA’s Virtual 32
nd Annual Gala on Monday, October 19
th, honoring Tammy Jones, co-founder and CEO, Basis Investment Group and Kirk Sykes, co-managing partner, Accordia Partners. The event featured a “Fireside Chat” with the honorees to learn more about their lives, careers, and leadership in the commercial real estate industry.
Dedham, MA Richard Ashworth, age 76, of Dedham, formerly of Needham and Newton, passed away on Sunday, September 27. Richard was with Ashworth Mortgage, a long time New England Real Estate Journal advertiser and financier of commercial real estate.
Manchester, NH Cornerstone Realty Capital arranged $13.6 million in financing for the refinance of a portfolio of multifamily and mixed-use properties located throughout the city. The portfolio, compromising 242 units spread across 10 buildings, has a mix of 47 studio units, 85 one-bedroom units,
Waterford, CT Washington Trust’s Commercial Real Estate Group has provided $21 million to Readco Capital Advisors, LLC for the acquisition and re-development of the former Toys R Us building located on Dayton Rd. Readco Capital Advisors arranged a 15-year lease with Hartford Healthcare
Stoneham, MA Rockport Mortgage Corp. completed the closing of an FHA Section 223(f) refinancing loan totaling $32.8 million for Mountain View Terrace Apartments. The 194-unit property consists of one and two-bedroom apartments for elderly residents and smaller families, as well as three
Scituate, MA Sidney Spiegel of Spiegel Associates has arranged a $30 million acquisition and construction loan for Stockbridge Landing on Stockbridge Rd. The loan was funded by a regional bank
Brookline, MA MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide significant improvements to the 99-unit Morse Apartments and extend the affordability for lower-income senior citizens living there for at least 75 years
Rumford, RI EagleBridge Capital, has arranged permanent mortgage financing totaling of $2.55 million for apartment buildings located in Rumford, and Washington D.C. The Rhode Island mortgage financing was arranged by EagleBridge principal Ted Sidel
