Financial Digest

Greystone consults on $303 million Freddie Mac Q-Series securitization for Webster Bank

Boston, MA Greystone, a leading national commercial real estate finance company, has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was collateralized by 19 loans, secured by 31 properties with a total of 1,236 units, all located on the East Coast.

Worth Avenue Capital, LLC arranges $1 million real estate development loan

Montville, CT Worth Avenue Capital, LLC (WAC) has closed a $1 million real estate development loan towards the construction of a new 22-unit condominium complex. This loan was funded as a “follow on” construction line of credit after the initial $2.5 million construction loan

Newmark arranges sale and financing of 2 Executive Dr. for Rhino Capital

Chelmsford, MA Newmark has secured the $14.5 million sale of 2 Executive Dr., an R&D/office/lab building. Newmark co-head of U.S. capital markets Robert Griffin and Newmark’s Boston Capital Markets group executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,

Property rights and short-term rentals – impact on value - by Marc Nadeau

Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights.” The Bundle of Rights is in effect the exclusive right, use and disposition of the property that belong to the property owner. Inherent within the Bundle of Rights can be the right to sell, the right to mortgage, the right to occupy,

Campanelli of Needham Bank leads panel on Italian Excellence in Business at the Festival of Italian Creativity

Needham, MA Joseph Campanelli, chairman, president, and CEO of Needham Bank, hosted a panel discussion as part of the Festival of Italian Creativity. The panel, The Italian Influence on Successful Businesses, was scheduled for Thursday, November 21st, at 10:15 a.m. at the Consulate General of Italy in Boston in the Federal Reserve Building

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

Boston, MA The Real Estate Finance Association (REFA) hosted its Annual Year-End Celebration and Holiday Party on Monday, November 25th at Central Wharf Co. Members had the chance to network with colleagues and friends and reflect on another successful year. REFA members and mentees also gathered

Greystone provides $13 million in HUD-insured financing for affordable housing property in Hartford, CT

Hartford, CT Greystone, a leading national commercial real estate finance company, has provided a $12,985,600 HUD-insured 207/223(f) loan to refinance an affordable housing property. The financing was originated by Eric Rosenstock, Jesse Yodice, and Daniel Daskal of Greystone.

Ranieri of Northmarq arranges $16.9 million refinancing for two multifamily properties

Milford, CT Northmarq’s senior vice president Robert Ranieri, managing director of Northmarq’s Greater White Plains regional office, arranged financing for two multifamily properties. The two properties, Milford Beach Apartments and Newport Apartments,

Real Estate Finance Association closes
out the year with quality programming

Boston, MA On Thursday, October 17th at the Omni Boston at the Seaport, REFA and 600+ attendees honored Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.

IPA Capital Markets secures $110 million in
joint venture equity and agency financing

Bridgeport, CT IPA Capital Markets, a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has secured $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro,