Financial Digest

American Street Capital places $30.4 million loan for a 111-unit multifamily property in Brookline, MA

Brookline, MA American Street Capital (ASC) has arranged a $30.4 million loan for a 111-unit multifamily high rise. Built in 1965, the 15-story multifamily tower contains a unit mix of one and two-bedroom apartments averaging 1,014 s/f. 

Gallagher promoted to commissioner OCABR’s Division of Banks

Boston, MA According to the Office of Consumer Affairs and Business Regulation’s (OCABR) undersecretary Edward Palleschi, senior leadership appointments

Cornerstone arranges $2.9 million for the acquisition of two properties

Bridgeport, CT Cornerstone Realty Capital arranged $2.9 million in financing for two apartment buildings. One within the Black Rock neighborhood, the other towards the center of town

Worth Avenue Capital closes a $150,000 loan

Manchester, CT Worth Avenue Capital, LLC (WAC) closed a $150,000 commercial loan to a wood pellet manufacturing company that is in its start up phase and will be located locally.

CBRE and Estreich & Co. place $60.586m for One Financial Plaza

Hartford, CT CBRE Capital Markets’ Debt & Structured Finance team has arranged a $47.586 million senior loan and Estreich & Co. has arranged a $13 million mezzanine loan for the acquisition of One Financial Plaza in downtown. 

MassHousing provides Rogers Hall Corp. with $7.5 million in financing

Lowell, MA Senior citizens and disabled residents living at the 61-unit Rogers Hall will have their affordable rents extended for at least 25 years and will see property improvements

Real Estate Finance Association June update: Programming and upcoming annual events

Boston, MA On Thursday, May 30th, REFA Emerging Leaders participated in a behind the scenes tour of the Hub on Causeway Phase 2. Melissa Schrock, senior project manager, development at Boston Properties

FinanceBoston arranges $2 million bridge financing for vacant retail space in Boston's North End

Boston, MA FinanceBoston has arranged $2 million cash out bridge financing for a vacant retail space in the North End. Located near the TD Garden, Government Center and the North End

HFF facilitates $400.6 million in acquisition financing for portfolio

Stamford, CT Holliday Fenoglio Fowler, L.P. (HFF) has arranged $400.6 million in acquisition financing for a 56-building light industrial portfolio totaling 3.1 million s/f in Westchester County

Natalizio of Cornerstone Realty Capital
handles $6.3 million in financings

Boston, MA Cornerstone Realty Capital has arranged $5 million in financing for a five-story brownstone in Beacon Hill. The recently renovated lodging house features 11