Financial Digest

Cornerstone Realty Capital handles $5.6 million refinancing

Southbridge, MA Cornerstone Realty Capital arranged $5.6 million in financing for Laurel Ridge Apartments. The apartment complex features 58 units, a mix of five studios, 26 one-bedroom, one-bathroom units and 27 two-bedroom

Bridgewater Savings Bank and Mansfield Bank plan to merge

Bridgewater, MA According to Bridgewater Savings Bank and Mansfield Bank, after months of discussion and due diligence, the boards of directors of both banks have signed a Merger Agreement to join the two banks into a single

Hunt Real Estate Capital handles $9.9m multifamily loan to Serone

Charlestown, MA Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $9.9 million to finance the acquisition of a multifamily property. Navy Yard Apartments is a 47-unit, garden-style apartment community

Country Bank provides $2.7m financing to Worcester Business Development Corp.

Worcester, MA The Worcester Business Development Corp. (WBDC) has secured a $2.7 million financing deal to keep the momentum at The Reactory rolling. Looking for a local bank that understands the project and the benefits it will bring to the city, the WBDC turned to Ware-based Country Bank.

Real Estate Finance Association hosts Annual Holiday Party at Central Wharf Co. on November 25th

Boston, MA On the evening of Monday, November 25th, REFA hosted its Annual Holiday Party at Central Wharf Co. Over 100 members of the industry reflected on another great year, networked with colleagues, and enjoyed

Groblewski and Feig of Fantini & Gorga arrange $2.75 million loan for the acquisition of TGI Friday’s

Manchester, CT Fantini & Gorga arranged a $2.75 million first mortgage loan for the acquisition of TGI Friday’s. Fantini & Gorga placed the financing on behalf of a long-standing client

Eastern Bank handles $7.5 million loan for Big Night Entertainment Group

Boston, MA Eastern Bank has completed a $7.5 million term loan to Big Night Entertainment Group for the construction and lease-hold improvements of Big Night Live at The Hub on Causeway.

Cronheim Mortgage arranges $34.4 million in financing for 393-unit development known as Canal Crossing at Whitneyville West

Hamden, CT Cronheim Mortgage arranged $34.4 million in financing for buildings 1-5 at Canal Crossing at Whitneyville West, a seven-building, 393-unit multifamily community when complete,

Kelly of CBRE handles $20.492 million construction financing for 75 apartment units located at 90 Ocean Ave.

Revere, MA The CBRE Capital Markets team ahas secured construction financing in the amount of $20.492 million for 75 apartment units located at 90 Ocean Ave. The asset will consist of 100% market-rate

Risk Strategies names Dubraski as chief growth officer

Boston, MA Risk Strategies’ national health care practice leader, Bob Dubraski, has been appointed chief growth officer.