Financial Digest

JLL arranges $140 million first mortgage construction financing with Bank OZK for 289,000 s/f office and lab development

Somerville, MA JLL has arranged $140 million in financing for 101 South St., a 289,000 s/f, class A office and lab development in the Boynton Yards area of the city. The project is under construction

AmeriCann secures $4 million in financing - placed by GVC Capital

Freetown, MA AmeriCann, Inc., a cannabis company that is developing cultivation, processing and product manufacturing facilities, has secured a $4 million investment to accelerate the second phase of construction at its Massachusetts Cannabis Center

Natalizio of Cornerstone Realty Capital arranges $3.8 million financing for Lawton Place

Waltham, MA Cornerstone Realty Capital has arranged $3.8 million for the acquisition and renovation of a townhouse-style apartment building. The property, known as Lawton Place, consists of 11 three-bedroom units and one four-bedroom unit

MassHousing closes on $5.5 million in financing for 2Life Communities

Brookline, MA MassHousing has closed on a total of $5.5 million in affordable housing financing to 2Life Communities for the development of the Harold and Ronald Brown Family House, which will create 62 new, mixed-income

FinanceBoston arranges $2.568 million senior loan for a mixed-use property

Rowley, MA FinanceBoston has arranged a $2.568 million senior loan secured by a mixed-use property. The property has direct frontage on the Essex County town’s main business corridor and benefits from numerous long-standing tenants.

Harvard and LISC Boston renew $10 million affordable housing investment

Boston, MA Harvard’s flexible, low-cost $10 million investment with Local Initiatives Support Corp. (LISC) 20 years ago contributed to the creation or preservation of 3,108 units of diverse affordable housing in its host communities of Boston and Cambridge.

Worth Avenue Capital, LLC closes a $1.5 million construction line of credit to a CRE development group

Hartford, CT Worth Avenue Capital, LLC (WAC) closed a $1.5 million construction line of credit  to a CRE development group on a highly visible sixteen acre CRE property in Fairfield County.

MassDevelopment and Greenfield Savings partner to finance Village Hill CoHousing

Northampton, MA MassDevelopment has partnered with Greenfield Savings Bank to provide Sunwood Builders, Inc. and Sunwood Development Corp. with loan financing for Village Hill CoHousing (VHC), an energy-efficient co-housing community

Real Estate Finance Association September update: Programming and the Annual REFA Gala

On September 11th, REFA held a program on “Financing and Designing for Resiliency,” focused on discussing the issues Greater Boston will face due to climate change, and how industry professionals are preparing to deal and recover from these weather patterns.

Coulombe of Fantini & Gorga places $2.25 million loan for multi-tenant property located at 309 Moody St.

Waltham, MA Fantini & Gorga has completed the placement of $2.25 million acquisition financing for a multi-tenant property on Moody St. Derek Coulombe, senior managing director at Fantini & Gorga placed the loan with a small regional bank.