Financial Digest

Marcone of Marcone Capital arranges $27 million financing of Highwood Office Park - a 278,859 s/f, three building property

Tewksbury, MA Mike Marcone of Marcone Capital, Inc. has arranged the financing of Highwood Office Park, a property consisting of a 278,859 s/f, three building, high quality office park. Highwood Office Park is located off of I-495

NKF arranges $8.3m in debt financing for Oliver Street Capital and Bain Capital Real Estate

Malden, MA Newmark Knight Frank (NKF) has arranged $8.3 million in debt financing for 129 Commercial St. on behalf of a partnership comprised of Oliver Street Capital and Bain Capital Real Estate (BCRE).

Coulombe of Fantini & Gorga arranges $22.5 million in financing for Residences at Joan’s Farm

Tewksbury, MA Fantini & Gorga has completed the placement of $22.5 million financing of a stabilized multifamily community. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing with a regional bank on behalf of the sponsor.

Boccabella promoted to senior vice president at The Village Bank

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Lisa Boccabella has been promoted to senior vice president of enterprise risk management.

The Real Estate Finance Association update: continuing to create virtual engagement opportunities

Boston, MA REFA continues to create virtual engagement opportunities for its members to continue networking and education throughout this time. REFA held its fifth Coffee Hour on May 7th. These Coffee Hours serve as a networking opportunity to virtually bring members together for an open dialogue.

SBA releases PPP Loan Forgiveness Application - Key takeaways from Hinckley Allen

On May 15th, the Small Business Administration (SBA) released the much-awaited Paycheck Protection Program (PPP) loan forgiveness application and instructions (SBA Form 3508). While the 11-page SBA Form 3508 provides answers

Sidel of EagleBridge Capital arranges $9 million financing for 40,500 s/f office at 33 Broad St.

Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $9 million for 33 Broad St. The mortgage financing was arranged by EagleBridge principal Ted Sidel, who stated that the loan was provided by a leading regional financial institution.

HKS Real Estate arranges $24.5 million construction loan with M&T Bank for the development of a six-story, 149-unit building

Danbury, CT HKS Real Estate Advisors has arranged a $24.5 million construction loan with M&T Bank for the development of a six-story, 149 multi-residential unit building called Brookview Commons to be built

Hunt Real Estate Capital provides a $13.2 million Fannie Mae DUS loan

Boston, MA Hunt Real Estate Capital has provided a Fannie Mae conventional loan in the amount of $13.2 million to finance the acquisition of a multifamily property. The property, 16 Westland Ave. Apartments, is a 55-unit, mid-rise apartment community that was built in 1910 and is comprised of 19 efficiency units

Cornerstone Realty Capital arranges $38.2 million for multifamily portfolio

Medford, MA Cornerstone Realty Capital arranged $38.2 million in financing for the refinance of a portfolio of apartment properties located throughout Malden and Medford. The portfolio, comprising 265 units spread across nine buildings