Financial Digest

Fantini & Gorga arranges $12.5 million first mortgage for redevelopment of One Wheeler Rd., Burlington, MA

Burlington, MA Fantini & Gorga has arranged $12.5 million first mortgage for the redevelopment of One Wheeler Rd. To be called Gateway Burlington, the subject will consist of a two level, on grade

MAB Community Services receives $13m financing from Rockland Trust

Westwood, MA Rockland Trust has provided over $13 million in financing to MAB Community Services (MAB) to purchase sixteen group homes, which have been leased to house individuals MAB has served for as long as 18 years

Northmarq closes $15.2 million refinance for Maine retail and industrial portfolio

Bangor, ME Ed Riekstins, managing director, and Daniel Karp, vice president of Northmarq’s Boston debt/equity team, finalized the $15.2 million permanent-fixed loan for a Maine retail and industrial portfolio.

Newmark represents Atlantic Management in $96.5m financing

Westborough, MA Newmark has arranged $96.5 million in financing for 50 and 54 Otis St., two industrial assets that are located less than 35 miles west of Boston. Newmark co-head of U.S. Capital Markets Robert Griffin,

North Easton Savings Bank named a Top Bank in Massachusetts by Forbes

Easton, MA For the 2nd consecutive year, North Easton Savings Bank has been named by Forbes as a top-ranked bank in Massachusetts on Forbes’ most recent listing of America’s Best Banks and Credit Unions

Cambridge Savings Bank provides $84.5m in construction loans to Strategic Land Ventures

Cambridge, MA Cambridge Savings Bank (CSB) has provided construction loans totaling $84.5 million to Strategic Land Ventures (SLV), a vertically integrated real estate investment management and development firm.

REFA gets ready for first in-person Gala since 2019, honoring Paul Ayoub of Nutter

Boston, MA The Real Estate Finance Association’s (REFA) members are invited to an exclusive property tour of NEMA Boston on Wednesday, September 21st. NEMA Boston is a best-in-class, 2019 vintage, LEED Silver,

Lucitt named vice president of commercial lending at Bank of Canton

Canton, MA Stephen Lucitt has joined Bank of Canton as vice president of commercial lending. Throughout his lending career of more than 30 years, Lucitt has earned accolades for his ability to develop loan portfolios, establish credit policy, and build successful business relationships.

Fantini & Gorga places $23.04 million for mixed-income apartments in Portland, ME

Portland, ME Fantini & Gorga has placed $23.04 million in permanent financing for Danforth Heights, a 166-unit mixed-income multifamily apartment complex located between the city’s historic district and waterfront. The loan was placed with Fantini & Gorga’s correspondent, Eastern Mortgage Capital, a national MAP Lender

Sidel of EagleBridge Capital arranges $20.7 million debt and equity financing

Andover, MA EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $20.7 million for 3 Riverside Dr., an R&D building. The financing was arranged by EagleBridge principal, Ted Sidel. 3 Riverside Dr. is a 93,500 s/f two story R&D building