Financial Digest

Guilford Savings Bank opens branch in North Haven

North Haven, CT With construction now complete, Guilford Savings Bank’s (GSB) newest branch office will officially open this month, bringing more community banking to the town. Located at the intersection of

MassDevelopment issues a $6.4 million tax-exempt bond

Boston, MA MassDevelopment has issued a $6.4 million tax-exempt bond on behalf of 41 N. Margin Senior Apartments, LLC, an affiliate of East Boston Community Development Corporation (EBCDC) and Affirmative Investments, Inc.,

The Real Estate Finance Association kicks off its 5th Mentor Program

Boston, MA REFA continued its programming on February 24th with a Fundamentals of Real Estate Tax 101 moderated by REFA Programs Committee Tri-Chair Mandy Eckhoff, partner, Robinson + Cole. John Ryder, vice president & managing consultant, Marvin F. Poer & Company, and Daniel Swift, principal consultant, Marvin F. Poer & Company, delivered a presentation

Rockland Trust provides $7.8m loan to The Caleb Group

Lowell, MA Rockland Trust has provided a $7.855 million loan to The Caleb Group to rehabilitate and preserve their affordable housing developments, Chestnut Square and Sirk Building. The Chestnut Square Apartments are located in the Lower Belvidere neighborhood and involve fourteen building

Coulombe and Feig of Fantini & Gorga arrange $2.5 million loan

Cambridge, MA Fantini & Gorga has arranged $2.5 million in permanent financing for an eleven-unit apartment building located at 122 Berkshire St. in the Wellington-Harrington neighborhood of the city. 122 Berkshire St. is a four-story walk-up apartment building that has laundry and storage space

Munoz of NorthMarq arranges $13 million construction loan for a 70-unit multifamily development

Lynn, MA Jeff Munoz, vice president of NorthMarq’s Boston office secured a $13 million construction loan for a 70-unit multifamily development. The transaction was structured as a full-term

MassHousing provides $14.8 million financing

Dorchester, MA MassHousing has provided $14.8 million in affordable housing financing to School House Brookledge Cummins LP, an affiliate of EAF Associates, to preserve the affordability of the 90-unit School House Brookledge Cummins property.

Cornerstone Realty Capital arranges $14.847 million financing for the acquisition of Reed Street Apartments for True North Capital Partners

Randolph, MA Cornerstone Realty Capital arranged $14.847 million for the acquisition of Reed Street Apartments for True North Capital Partners. The 88-unit property consists of three 2.5-story garden-style brick apartment buildings

JLL Capital Markets arranges construction financing for two projects in Union Sq.

Somerville, MA JLL Capital Markets has arranged construction financing for two projects in the Union Sq. neighborhood of the city. Sitting adjacent to the new MBTA Union Sq. Green Line station, the 194,000 s/f, life sciences

The Real Estate Finance Association virtually hosts Annual Forecasting program on Jan. 28th

Boston, MA REFA kicked off 2021 by virtually hosting its Annual Forecasting Program on January 28th with over 200 members in attendance. The program included a