Financial Digest

M&T Realty provides $35 million financing for The Platform Sono

Norwalk, CT M&T Realty Capital Corp. has closed a $35 million Freddie Mac Optigo conventional loan for the refinancing of The Platform Sono, a 122-unit apartment complex.

Dunn, Phaneuf and Falese of Berkadia handle sale and secure $24.37 million financing for The Bixby

Haverhill, MA Berkadia has competed the sale of and financing secured for The Bixby, a 128-unit high-rise multifamily property. Managing director Adam Dunn and senior managing director Chris Phaneuf of Berkadia Boston

Fantini & Gorga places $38 million for Country Glen Apartments, Groton, CT

Groton, CT Fantini & Gorga has placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community on a 30-acre campus.

Muller of Eastern Union secures $83.8 million in financing for two multifamily properties

Amherst, MA Michael Muller, a senior managing director with Eastern Union, has arranged a total of $83.8 million in financing in support of The Boulders, a 256-unit, multifamily property in Amherst, and Cliffside Apartments, a 280-unit property  in Sunderland, Mass.

JLL Capital Markets arranges $39.1m in construction financing for 38 Upton Dr. development

Wilmington, MA JLL Capital Markets has arranged $39.1 million in construction financing for the development of 38 Upton Dr. at Upton Crossing. The project will encompass two industrial/R&D facilities consisting

Understanding preferred equity in real estate - by Victor Lattanzi

What is preferred equity real estate financing? Many investors, capital providers, and real estate developers use the term ‘preferred equity’ often. But what exactly does it mean, and what’s its utility when it comes to funding

Gearing up for REFA’s summer programming

Boston, MA On Wednesday, June 29th, REFA Emerging Leaders gathered for a Happy Hour at The Landing in downtown. On July 26th, the REFA Emerging Leaders are hosting a Property Tour of 212 Stuart St.

Reckoning with recession - by David Kirk

The economic trends are a starting point for any strategy. Because time and the current dynamics in the market are pressing change, any reckoning is complicated and even short-term forecast challenging. The Fed has put emphasis on

Economy update… “it’s messy out there.” - by Daniel Calano

Last month I wrote about inflation and its impact on real estate. It was fairly obvious that interest rate increases by the Fed was going to be the main tool to soften inflation. But it was also clear there were other variables which

The Netflix series "Ozark" and eminent domain - by Anthony Alderman

If you’re a fan of Netflix’s “Ozark,” you might remember when eminent domain was featured as a major plot device in season two. (If you’ve not seen the second season, please be warned that the following contains