Financial Digest

MassHousing closes $34.8m for Woodlands at Abington Station

Abington, MA MassHousing has closed on $34.8 million in affordable housing financing to Beacon Communities LLC to refinance, renovate and preserve housing affordability at the 192-unit Woodlands at Abington Station.

The Village Bank will award seventeen college scholarships to Class of 2022

Newton, MA According to Joseph De Vito, president & CEO of The Village Bank, the Auburndale Community Charitable Foundation is now accepting college scholarship applications from local high school seniors.

TGM completes mortgage refinancing for TGM Anchor Point - 323-unit property

Stamford, CT TGM has completed the mortgage refinancing for TGM Anchor Point, a 323-unit waterfront multifamily apartment community and 72-slip marina. TGM Anchor Point received Green Globes Certification enabling TGM to secure competitive borrowing terms

Sidel of EagleBridge Capital arranges $5.7m mortgage financing

Boston, MA EagleBridge Capital has arranged acquisition and permanent mortgage financing totaling $5.7 million for ground floor retail condominium located on Washington St. in the city’s South End.

CIM Group provides $147.65 million loan for 319,000 s/f office building - on behalf of The Davis Companies and Partners Group for One Cabot

Medford, MA According to CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, a CIM-managed fund has closed a $147.65 million loan to The Davis Companies (Davis)

Munoz of Northmarq completes $7 million refinance of Stonley Park Apartments

Boston, MA Jeff Munoz, vice president of Northmarq’s regional office, completed the $7 million refinance of Stonley Park Apartments. The 32-unit/four-story class A multifamily property (originally built in 2019) is located at 76 Stonley Rd.

Fantini & Gorga places $9.292 million for Woburn Rehabilitation and Nursing Center

Woburn, MA Fantini & Gorga has placed $9.292 million in permanent financing for Woburn Rehabilitation and Nursing Center, a 140-bed skilled nursing facility.

Rockland Trust leads $57m financing for Madison Properties for the mixed-use development in Polar Park

Worcester, MA Rockland Trust is leading a $57 million financing package to Madison Properties LLC for the mixed-use development in the Polar Park neighborhood, SOMA. The financing, which was arranged by Thomas Welch, executive vice president

Jain joins HUNT Mortgage as chief operating officer

Whitinsville, MA HUNT Mortgage Corp. has hired Bindiya Jain as chief operating officer for the company. Jain has over 20 years of extensive experience in the mortgage and banking industry

Rooney promoted to principal at FinanceBoston

Boston, MA Brian Rooney, senior associate at the commercial real estate capital advisory firm FinanceBoston, has been promoted to principal at the growing company.