Rockport Mortgage closes $42.7m in financing for Melville Towers owned by Affordable Housing & Services Collab.

New Bedford, MA Rockport Mortgage Corp. has closed an FHA Section 223(f) refinancing loan totaling $42.7 million for Melville Towers, an elderly apartment complex located at 850 Pleasant St.

Cornerstone Realty Capital arranges $78.6 million for the development of Breakwater North Harbor in Lynn, MA

Lynn, MA Cornerstone Realty Capital arranged $78.6 million for the construction to permanent financing of a 331-unit luxury apartment property. The project, known as Breakwater North Harbor, is being developed by Lynn Redevelopment, LLC

O’Donnell, Tousignant and Feig of Fantini & Gorga arrange $9.165m in financing for Roxbury Highlands

Roxbury, MA Fantini & Gorga has arranged permanent financing of $9.165 million for Roxbury Highlands. Roxbury Highlands is comprised of 50 affordable apartments supported by HUD project-based subsidies, two market rate apartments and three commercial spaces.

JLL arranges $5.6m refinancing for 56,000 s/f industrial building

Wilmington, MA JLL Capital Markets has arranged a $5.6 million refinancing for 271 Ballardvale St., a 56,000 s/f, fully leased, light manufacturing industrial building. JLL worked on behalf of the borrower

The Real Estate Finance Association March update – REFA hosts its first webinar

While some planned REFA events had to be cancelled due to concerns surrounding the ongoing COVID-19, REFA is working hard to act as a resource and keep its membership engaged virtually during this time. 

O'Donnell, Tousignant and Feig of Fantini & Gorga arranges $9.165 million permanent financing for Roxbury Highlands

Roxbury, MA Fantini & Gorga has arranged permanent financing of $9.165 million for Roxbury Highlands. The loan was placed with a national bank. Roxbury Highlands is comprised of 50 affordable apartments supported by HUD project-based subsidies

Rockland Trust provides $22m in financing to Cruz Development - for the $34m Dr. Michael Haynes Arms building project

Roxbury, MA Rockland Trust Bank has provided a $22 million loan to Cruz Development Corp. for the first mortgage construction and permanent loan financing of the Dr. Michael E. Haynes Arms building. The $34 million project will

Cornerstone Realty Capital arranges $9.1million for acquisition of apartment property in Ayer, Mass.

Ayer, MA Cornerstone Realty Capital has arranged $9.1 million for the acquisition of an apartment property. The property consists of 76 units, spread between three, three-story garden-style buildings and four townhouses.

Marcone of Marcone Capital handles $18.4 million financing of Reservoir Office Park

Brookline, MA Mike Marcone of Marcone Capital, Inc. has arranged the $18.4 million financing of a 47,227 s/f medical and general office building located at 822-826 Boylston St.

Eastern Bank welcomes Rex Lumber Company as a new banking customer

Boston, MA Eastern Bank welcomes Rex Lumber Co. as a new commercial banking customer. Founded in 1946, Rex Lumber is a third-generation, family-owned and operated business distributing hardwood lumber with revenue between $50 and $100 million.