Financial Digest

MassDevelopment issues $77.255m bond to Simmons University

Boston, MA MassDevelopment has issued a $77.255 million tax-exempt bond on behalf of Simmons University, which will use proceeds to renovate and convert LeFavour Hall and a portion of the Main College Building into a new science center. The updated facility, expected to be complete

Groblewski and Maddaluna of Fantini & Gorga place $2.65m refinance for a Walgreens store

Boston, MA Fantini & Gorga completed the debt placement of $2.65 million for the refinancing of a Walgreens in Amarillo, TX. Casimir Groblewski, senior managing director and Ryan Maddaluna, analyst, placed the financing on behalf of their client, a team of California-based investors who manage

Bridgewater Savings Bank and Mansfield Bank combine to form Bluestone Bank

Raynham, MA According to Peter Dello Russo, CEO, together with Meg McIsaac, president, Bridgewater Savings Bank and Mansfield Bank have  join together, effective October 1st. The two well-established community banks with a long history of service in southeastern Massachusetts joined together

The Real Estate Finance Association gearing up for the 32nd Annual REFA Gala

Boston, MA The Real Estate Finance Association hosted its 6th Webinar on Wednesday, September 30th. The webinar, Building a Diverse Organization, was moderated by Mandy Eckhoff, partner, Robinson + Cole, and included panelists John Cruz III, president and CEO, Cruz Companies, Linda Dorcena Forry, vice president of diversity,

Sidel of EagleBridge arranges $1.6 million for bank building

Salem, MA EagleBridge Capital, has arranged mortgage financing in the amount of $1.6 million for a local bank building. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading bridge lender.

FinanceBoston arranges $5.5 million construction loan for a waterfront development in Swampscott

Swampscott, MA FinanceBoston has arranged senior debt financing for the construction of a six home development in the town on the North Shore of Boston.

Cornerstone Realty Capital arranges $14.82m in financing - also handles $6.955m financing for multifamily development

Cambridge, MA Cornerstone Realty Capital arranged $14.82 million in financing for the refinance of a portfolio of apartment properties located throughout Cambridge and Somerville.

NorthMarq’s Boston office secures $10.5m refinance of Hyannis House - a 111-unit multifamily property

Hyannis, MA Jeffrey Munoz, vice president of NorthMarq’s Boston office, completed the $10.5 million refinance of Hyannis House Apartments. The 111-unit multifamily property is located at 290 West Main St.

MassHousing provides $27.3m in affordable housing financing

Randolph, MA MassHousing has provided $27.3 million in affordable housing financing to an affiliate of Hebrew SeniorLife to renovate and extend the affordability for lower-income senior citizens at the 160-unit Simon Fireman Community.

The Real Estate Finance Association update: The 32nd Annual Virtual Gala – October 19th

Boston, MA REFA was busy at work in August planning its fall programming. REFA’s 6th Webinar: Hiring Diversely with Intention, originally slated to take place on Wednesday, September 9th