Financial Digest

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

Pay attention to the lending marketplace - LIBOR - by Rob Pratt

Firms involved in hedging interest rate risks need to begin paying close attention to the developments in the lending marketplace related to changes in variable rate loans, hedges and the derivatives index, LIBOR.

MassHousing closes $87.2 million in financing for 808 Memorial Dr.

Cambridge, MA MassHousing has closed on a total of $87.2 million in affordable housing financing to the non-profit Homeowners Rehab, Inc. (HRI), for the modernization and preservation of affordability at the 300-unit 808 Memorial Dr.

Cornerstone Realty Capital arranges $6.5 million for a 42-unit mixed-use development

Hull, MA Cornerstone Realty Capital has arranged $6.5 million in financing for the construction of a mixed-use development on Nantasket Beach. Once construction is complete, the property will consist

NorthMarq handles financing solution via Freddie Mac for $5.54m refinance of Mill Falls Apartments

Lowell, MA Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office, arranged the $5.54 million refinance of Mill Falls Apartments.

Landry of FinanceBoston arranges $7.29 million construction loan

South Boston, MA FinanceBoston has arranged a $7.29 million construction loan for the ground-up development of a 20-unit mixed use project, comprised of 19 rental apartments over ground-floor retail

Fantini & Gorga arranges $1.325 million first mortgage loan for the acquisition of a Family Dollar store

West Warwick, RI Fantini & Gorga arranged a $1.325 million first mortgage loan for the acquisition of a Family Dollar store. Fantini & Gorga placed the financing on behalf of a long-standing client

The Real Estate Finance Association update: Continuing to create programming for members

Boston, MA The Real Estate Finance Association (REFA) continues to create programming for its members throughout the summer. On Tuesday, July 14th, REFA hosted its 5th Webinar since March: What’s Driving Demand In Greater Boston’s Unique Industrial Market?

Coulombe and Feig of Fantini & Gorga arrange $1.8 million financing for Good Harbor Beach Condominiums

Gloucester, MA Fantini & Gorga has announced the placement of $1.8 million financing of a new, single-floor living condo complex featuring six units – many with ocean views, called Good Harbor Beach Condominiums.