Financial Digest

Real Estate Finance Association springs
ahead with programming

Boston, MA The Real Estate Finance Association finished a busy month with their 8th Annual Mentor Program kick-off event on February 28th featuring 60 mentor/mentee pairs. The REFA Mentor Program provides Emerging Leader Members with the opportunity to be

CrowdStreet Inc. secures $11.5 million capital for Rhino
Capital Adviors’ advanced manufacturing project

Taunton, MA CrowdStreet, Inc. , an award-winning online real estate investing platform, raised $11.5 million of capital for Rhino Capital Advisors’ development of an advanced manufacturing property.

Cassata joins Rockland Trust as business owner advisory strategist

Hanover, MA Rockland Trust’s Investment Management Group (IMG) is expanding its services with the appointment of Michael Cassata as the business owner advisory strategist. In this newly developed role, Cassata provides business owners with the strategic support and guidance

Union Savings Bank board of trustees promotes Piche to executive vice president

Danbury, CT According to Union Savings Bank (USB), Marlene Piche has been promoted to executive vice president. In her new role, Piche will oversee branch banking, business banking, the call center, as well as treasury and merchant services.

Berkson joins Savings Bank of Danbury as assistant vice president/community development manager

Danbury, CT According to Savings Bank of Danbury, Brian Berkson joined the bank as assistant vice president/community development manager. In his new role he will be responsible for maintaining, strengthening and onboarding relationships in the community.

Northmarq arranges $10.6m in
refinancings for two properties

Waterbury, CT Robert Ranieri, senior vice president/managing director of Northmarq’s Greater White Plains regional office arranged financing for two multifamily properties. The two properties, Scott Gardens Apartments and P.R. Scott Apartments, received refinancing totaling a combined $10.6 million.

North Easton Savings Bank names Samaras as business banking officer

Easton, MA North Easton Savings Bank has promoted Thomas Samaras Jr. to business banking officer. Samaras brings years of banking and relationship experience to the growing team of business bankers.

Brady Capital Advisors facilitated $11.42 million acquisition financing for Shorelight Real Estate and Olivella Properties

Fitchburg, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $11.42 million in acquisition financing for the Forest Ridge Apartments, a 90-unit, multifamily property located on 12.35 acres at 6 Mary Anna Dr. for a closing that took place on December 21, 2023.

WinnCompanies secures $69.1 million financing for 114-unit mixed-income community in Swampscott, MA

Swampscott, MA WinnDevelopment, the development arm of WinnCompanies, has closed on financing for a 114-unit, mixed income, transit-oriented apartment community, keeping construction on track for completion and occupancy by the middle of 2025.

Wheelock Street Capital and Camber Development receive $57 million loan for 800 Salem St. - arranged by JLL Capital Markets

Wilmington, MA JLL Capital Markets has arranged $57 million in construction financing for 800 Salem St., an industrial logistics development totaling 237,800 s/f. The project is fully entitled with site work complete, vertical construction underway and an anticipated delivery in Q3 2024.