Financial Digest

Loan placed with Cambridge Savings Bank

Ashland, MA Citizens Bank’s Community Development Group has provided $24.2 million in construction loans for three separate affordable housing projects in the state.

Rockport Mortgage handles $30m in financing for Rolling Green Apartments

Amherst, MA Rockport Mortgage Corp. has closed an FHA Section 223(f) refinancing loan for Rolling Green Apartments totaling $30 million. The property has been owned and managed by Beacon Communities LLC since 2014.

Square Mile Capital originates $433.8 million construction loan for Cambridge Crossing

East Cambridge, MA Square Mile Capital Management LLC (Square Mile Capital) has originated a $433.8 million construction loan to finance the next phase of the Cambridge Crossing master-planned development being

Coronavirus and business interruption: Are you covered? - Spencer Macalaster

Emerging in Wuhan, a city in China’s Hubei province, in late December, the outbreak of the novel coronavirus, a never-before-seen respiratory illness, is sweeping through the country, already infecting thousands there, according to the Centers for Disease Control. While t

Cornerstone Realty Capital arranges $16 million refinance

Reading, MA Cornerstone Realty Capital arranged $16 million for the refinance of a garden-style apartment property. The property features 112 units spread between four buildings with a unit mix of three studios,

Juran of NorthMarq secures $7.17 million

Windsor, CT Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office secured the $7.17 million bridge loan for the acquisition of 1 Targeting Center, a 97,256 s/f office prop

REFA kicks off 2020 by hosting Annual Forecasting Breakfast

Boston, MA REFA kicked off 2020 by hosting its Annual Forecasting Breakfast on January 28th at WilmerHale. This year’s lineup boasted a number of industry professionals, beginning with keynote speaker David Darst,

JLL arranges $870 million construction loan for South Station redevelopment - on behalf of Hines, APG Groep NV and Dune Real Estate

Boston, MA JLL Capital Markets has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million s/f, 51-story mixed-use tower that will be built at the city’s South Station

Coulombe of Fantini & Gorga places $22.5 million financing for Residences at Joan’s Farm

Tewksbury, MA Fantini & Gorga has placed $22.5 million financing of a stabilized multifamily community. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing

MassHousing provides $14.4m to Barkan Cos.

Fitchburg, MA MassHousing has provided $14.4 million in affordable housing financing to an affiliate of the Barkan Companies, to extend the affordability of the Fitchburg Green affordable housing community,