Financial Digest

Liddy of Kelleher & Sadowsky arranges $15 million in refinancing for a 450,000 s/f industrial property on behalf of Rabina Properties

Auburn, MA Kelleher & Sadowsky Associates has arranged refinancing of the industrial warehouse property at 28 Millbury St. in the amount of $15 million on behalf of Rabina Properties. Meghan Liddy, senior vice

Berkadia arranges $49.7 million in acquisition financing for Riverbend on the Charles

Watertown, MA Berkadia has arranged $49.7 million in acquisition financing for Riverbend on the Charles, a 170-unit multifamily community. Built in 2014, the property is located at 270 Pleasant St. and consists

Washington Trust provides $15.4 million in financing

Norwood, MA Washington Trust’s Commercial Real Estate Group provided $15.4 million to a Massachusetts-based developer for the acquisition of a 130,000 s/f office building. Located at the intersection of Rte. 1

Cornerstone Realty Capital handles $5.6 million refinancing

Southbridge, MA Cornerstone Realty Capital arranged $5.6 million in financing for Laurel Ridge Apartments. The apartment complex features 58 units, a mix of five studios, 26 one-bedroom, one-bathroom units and 27 two-bedroom

Bridgewater Savings Bank and Mansfield Bank plan to merge

Bridgewater, MA According to Bridgewater Savings Bank and Mansfield Bank, after months of discussion and due diligence, the boards of directors of both banks have signed a Merger Agreement to join the two banks into a single

Hunt Real Estate Capital handles $9.9m multifamily loan to Serone

Charlestown, MA Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $9.9 million to finance the acquisition of a multifamily property. Navy Yard Apartments is a 47-unit, garden-style apartment community

Country Bank provides $2.7m financing to Worcester Business Development Corp.

Worcester, MA The Worcester Business Development Corp. (WBDC) has secured a $2.7 million financing deal to keep the momentum at The Reactory rolling. Looking for a local bank that understands the project and the benefits it will bring to the city, the WBDC turned to Ware-based Country Bank.

Real Estate Finance Association hosts Annual Holiday Party at Central Wharf Co. on November 25th

Boston, MA On the evening of Monday, November 25th, REFA hosted its Annual Holiday Party at Central Wharf Co. Over 100 members of the industry reflected on another great year, networked with colleagues, and enjoyed

Groblewski and Feig of Fantini & Gorga arrange $2.75 million loan for the acquisition of TGI Friday’s

Manchester, CT Fantini & Gorga arranged a $2.75 million first mortgage loan for the acquisition of TGI Friday’s. Fantini & Gorga placed the financing on behalf of a long-standing client

Eastern Bank handles $7.5 million loan for Big Night Entertainment Group

Boston, MA Eastern Bank has completed a $7.5 million term loan to Big Night Entertainment Group for the construction and lease-hold improvements of Big Night Live at The Hub on Causeway.