Financial Digest

MassDevelopment places $800,000 for Eagle Mill Redevelopment

Lee, MA MassDevelopment has provided an $800,000 loan to Eagle Mill Redevelopment, LLC, which is using proceeds to redevelop the former Eagle Mill and surrounding parcels into a mixed-use complex featuring 128 residential housing units and 14,000 s/f of retail and office space

Fantini & Gorga places $6.672 million financing

Boston, MA Fantini & Gorga has placed acquisition financing of $6.672 million for four net leased properties located in Rochester, Tonawanda, and Depew, N.Y., and in Beaver Falls, Penn.

The Real Estate Finance Association hosts a virtual Executive Insights program on June 3rd

Boston, MA The REFA Emerging Leaders hosted a virtual Executive Insights program on June 3rd. This program featured Colleen O’Connor, VP, leasing, East Coast & U.K. Markets, BioMed Realty. O’Connor spoke about her background, projects she is working on

CBRE’s Multifamily Debt & Structured Finance team secures $15 million in financing

Chelsea, MA Bellingham Square LLC has completed the $19.05 million ($211,667 per unit) acquisition of a six-building, 90-unit multifamily portfolio. Bellingham Square LLC is a partnership amongst the principals of Vantage Real Estate, Harbor Run Development and Wallace Capital.

Fantini & Gorga arranges $1.865 million financing of Peabody KinderCare

Peabody, MA Fantini & Gorga arranged a $1.865 million first mortgage loan for the refinancing of the KinderCare located at 520 Lowell St. Fantini & Gorga placed the financing on behalf of a long-standing client. John Gorga, president and principal, and Lindsay Feig, senior director, represented their client

Lipson of Berkadia secures $42.949 million for Chestnut Hill Realty for Hancock Estates, a garden-style multifamily property

Chestnut Hill, MA Berkadia has completed the financing secured for Hancock Estates, a garden-style multifamily property. Managing director Robert Lipson of Berkadia’s Shrewsbury, NJ office secured the $42.949 million in permanent refinancing for the property on behalf of the borrower, Chestnut Hill Realty.

Marcus & Millichap Capital Corp. arranges a $3.75m loan to refinance a 20-unit complex

Berlin, CT Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.75 million loan to refinance a class A townhouse apartment complex. The ten-year interest only loan was provided by a securitized lender at a 65% loan-to-value with a favorable rate.

Market Realities – 2021 Forecast - by Spencer Macalaster

As we finish the first quarter of 2021, our clients are asking us for our predictions regarding the overall insurance environment. Until 2018 the insurance marketplace saw significant inflows of capital, manageable loss experience and ample carrier surplus.

Rockland Trust provides $9 million in loans to Bassett Development LLC for Titicut Estates - a brand new 55 plus community in Taunton, MA

Taunton, MA Rockland Trust has provided two loans totaling roughly $9 million to Bassett Development LLC for Titicut Estates, a brand new 55 plus community. These two loans will be used to acquire the land and develop the infrastructure for this new project

Newmark promotes O’Donnell and Douvadjian

Boston, MA Newmark has promoted Timothy O’Donnell and David Douvadjian, Jr. to senior managing director and director, respectively. Both O’Donnell and Douvadjian are a part of Newmark’s Debt and Structured Finance Group,