Financial Digest

Marcone Capital arranges $18.375 million financing of Forbes Business Center - two office buildings totaling 131,132 s/f

Braintree, MA Mike Marcone of Marcone Capital, Inc. has arranged the $18.375 million financing of Forbes Business Center, which consists of two office buildings totaling 131,132 s/f at 220 and 222 Forbes Rd.

CIT provides $35.9m loan for Fields Grade Development and Alpine Residential joint venture

Stamford, CT According to CIT Group Inc., its real estate finance business provided a $35.9 million senior secured loan for construction of a new 183-unit apartment building.

Rockport Mortgage handles $36.4 million FHA Section 223(f) refinancing loan for Borden Place

Fall River, MA Rockport Mortgage Corp. completed the closing of a $36.4 million FHA Section 223(f) refinancing loan for Borden Place Apartments, 261 units of age-restricted housing, located downtown.

Bridgewater Savings Bank presents 14 local students with scholarships

Raynham, MA Peter Dello Russo, president and chief executive officer of Bridgewater Savings, has named the recipients of 14 academic scholarships totaling $21,000 awarded recently to local students.

The Real Estate Finance Association update: Commitment to diversity, equity and inclusion

Boston, MA This month, REFA double down on its commitment to Diversity, Equity and Inclusion. In 2018, REFA developed a DEI Policy, which was adopted by all of the divisions of the Greater Boston Real Estate Board.

MassHousing closes $25.6m in financing for Granite Lena Park

Dorchester, MA MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corp. for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park.

East Boston Savings Bank partners with local restaurants to supply over 1,300 meals to residents

East Boston, MA East Boston Savings Bank has partnered with local restaurants to supply over 1,300 meals in East Boston, South Boston, Dorchester and Revere. The meals were distributed at various

Cornerstone Realty Capital arranges $17 million in financing

Cambridge, MA Cornerstone Realty Capital arranged $17 million in financing for the refinance of a mixed-use property in Harvard Sq. The property, originally constructed in 2012, is comprised of three retail units

Marcone of Marcone Capital arranges $27 million financing of Highwood Office Park - a 278,859 s/f, three building property

Tewksbury, MA Mike Marcone of Marcone Capital, Inc. has arranged the financing of Highwood Office Park, a property consisting of a 278,859 s/f, three building, high quality office park. Highwood Office Park is located off of I-495

NKF arranges $8.3m in debt financing for Oliver Street Capital and Bain Capital Real Estate

Malden, MA Newmark Knight Frank (NKF) has arranged $8.3 million in debt financing for 129 Commercial St. on behalf of a partnership comprised of Oliver Street Capital and Bain Capital Real Estate (BCRE).