Financial Digest

Coronavirus and business interruption: Are you covered? - Spencer Macalaster

Emerging in Wuhan, a city in China’s Hubei province, in late December, the outbreak of the novel coronavirus, a never-before-seen respiratory illness, is sweeping through the country, already infecting thousands there, according to the Centers for Disease Control. While t

Cornerstone Realty Capital arranges $16 million refinance

Reading, MA Cornerstone Realty Capital arranged $16 million for the refinance of a garden-style apartment property. The property features 112 units spread between four buildings with a unit mix of three studios,

Juran of NorthMarq secures $7.17 million

Windsor, CT Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office secured the $7.17 million bridge loan for the acquisition of 1 Targeting Center, a 97,256 s/f office prop

REFA kicks off 2020 by hosting Annual Forecasting Breakfast

Boston, MA REFA kicked off 2020 by hosting its Annual Forecasting Breakfast on January 28th at WilmerHale. This year’s lineup boasted a number of industry professionals, beginning with keynote speaker David Darst,

JLL arranges $870 million construction loan for South Station redevelopment - on behalf of Hines, APG Groep NV and Dune Real Estate

Boston, MA JLL Capital Markets has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million s/f, 51-story mixed-use tower that will be built at the city’s South Station

Coulombe of Fantini & Gorga places $22.5 million financing for Residences at Joan’s Farm

Tewksbury, MA Fantini & Gorga has placed $22.5 million financing of a stabilized multifamily community. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing

MassHousing provides $14.4m to Barkan Cos.

Fitchburg, MA MassHousing has provided $14.4 million in affordable housing financing to an affiliate of the Barkan Companies, to extend the affordability of the Fitchburg Green affordable housing community,

Marcone of Marcone Capital arranges $7.8 million financing of Independence Place

Bedford, NH Mike Marcone of Marcone Capital, Inc. has arranged the $7.8 million financing of Independence Place, a property consisting of a high quality, two story, 102,538 s/f medical and general office building.

PGIM Real Estate Financing completes $12.4 million
refinancing of The Village at Cedar Heights

Mansfield, MA PGIM Real Estate Financing has completed $12.4 million in HUD 223(F) – Early Rate-Lock refinancing to Mansfield Apartments I, LLC for The Village at Cedar Heights. The property is located 10 Connors Ave.

Newmark Knight Frank arranges $173 million loan to refinance the Archer Residences on behalf of Center Court Mass, LLC

Boston, MA On behalf of Center Court Mass, LLC, Newmark Knight Frank (NKF) has arranged a $173 million loan to refinance the Archer Residences, a 62-unit luxury condominium project