Financial Digest

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

Cornerstone Realty Capital completes $4.7 million refinance of 18-unit property

Brookline, MA Cornerstone Realty Capital arranged $4.7 million for the refinance of an apartment building located in the desirable Coolidge Corner neighborhood. The property features 18 residential apartments consisting of four studio units

JLL arranges $53.8m construction financing for The Noannet Group

Somerville, MA JLL has arranged $53.8 million in construction financing in the form of a participating mortgage for the development of Cambria Somerville-Cambridge, a new 163-room, full-service hotel.

CBRE secures $37.2m financing for acquisition of Alta Easterly on behalf of Audubon Capital Partners

Walpole, MA CBRE has secured $37.2 million in financing to assist with the acquisition of Alta Easterly, a 157-unit apartment community located at 1100 Cricket Ln.

MassHousing commits $7.9 million in affordable housing financing to The Neighborhood Developers

Revere, MA MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere St. The MassHousing financing will allow TND to construct 51 units of new affordable housing for households across a broad range of incomes, including 19 new workforce housing units.

Real Estate Finance Association named its board of directors for 2020 - Piper of Webster Bank named president

Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2020. Claudia Piper, senior vice president, Webster Bank, will serve as president along with president-elect, Bill Flynn, senior vice president at Net Lease Capital Advisors.

KeyBank Real Estate Capital provides $54.8 million of Fannie Mae financing to Bluerock

Franklin, MA KeyBank Real Estate Capital (KBREC) provided $54.8 million of Fannie Mae financing to Bluerock, a commercial and residential real estate company based in New York, to acquire a multifamily property

Citizens Commercial Banking provides $75 million construction loan to Haymarket Parcel 9 Investors, LLC

Boston, MA Citizens Commercial Banking’s Commercial Real Estate Finance team provided a $75 million loan to Haymarket Parcel 9 Investors, LLC, whose sponsors are Boston-based CV Properties, New York-based Olshan Properties