Financial Digest

MassDevelopment issues $17.82m tax-exempt bond on behalf of 2Life Leland LLC - Brookline Bank purchases bond

Waltham MA MassDevelopment has issued a $17.82 million tax-exempt bond on behalf of 2Life Leland LLC, an affiliate of 2Life Communities, which will use bond proceeds to demolish a vacant former rest home at 21 Newton St. and build a three-story,

Pentucket Bank reaches a $1 billion milestone

Haverhill, MA Pentucket Bank has reached a milestone in the organization’s history by topping $1 billion in assets. This makes the mutual community bank one of the largest in Mass and in N.H. by asset size.

Real Estate Finance Association hosts Year-End Celebration and Holiday Party

Boston, MA REFA hosted its Annual Year-End Celebration and Holiday Party on Monday, November 20th at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on

Cornerstone arranges $35.7 million in financing for condominium development in Portsmouth, N.H.

Portsmouth, NH Cornerstone Realty Capital arranged $35.7 million in financing for the construction of a 95-unit residential condominium development. The project will feature a four-story condominium building with 95 residential condos, 112 surface parking spaces

MassHousing secures $44.6 million in financing through its CommonWealth Builder Program

Boston, MA MassHousing has secured $44.6 million in financing through its CommonWealth Builder Program for six new homeownership development projects. These projects will create 220 new affordable homes for first-time, moderate-income homebuyers

Rockland Trust Charitable Foundation grants
$75,000 to More Than Words

Waltham, MA Rockland Trust Charitable Foundation has presented a $75,000 grant to More Than Words (MTW). MTW is a social enterprise that empowers young adults ages 16-24 who are court-involved, in the foster care system, out-of-school, or experiencing homelessness to take charge of their lives.

Marcus & Millichap Capital Corp. arranges
$5.02 million in financing for The Grant St. Complex

Framingham, MA Marcus & Millichap Capital Corporation (MMCC) has arranged $5.02 million in acquisition financing for The Grant St. Complex, a multifamily property. Located at 115-133 Grant St., the complex consists of 26 one-, two-, and three-bedroom units

Real Estate Finance Association closes out the year with quality programming

Boston, MA On Tuesday, October 10th, the Real Estate Finance Association (REFA) held a One Congress Walking Tour & Networking Reception. The member-wide property tour provided exclusive access to a tenant’s space. Tom O’Brien, managing partner, chief executive officer, HYM and Ryan Quick, vice president

Walker & Dunlop Capital Markets places $22.58 million in loans for two properties including a shopping center and an industrial facility

Windsor Locks, CT Walker & Dunlop completed two financing deals including a shopping center and an industrial facility. Specifics on the two deals are below: Ella Grasso, located at 295 Ella Grasso Tpke. in Windsor Locks, received $14.46 million in loan proceeds to facilitate the $17.75 million total acquisition purchase.

Worth Avenue Capital, LLC closes $3.25 million commercial loan

strong>Warwick, RI Worth Avenue Capital, LLC has closed a $3.25 million commercial loan to a Massachusetts-based real estate developer/investor. The loan proceeds were used by the sponsor to purchase a strategically positioned real estate parcel near the TF Green Airport