Financial Digest

Summer musings, possible misgivings - by Bill Pastuszek

>Coming out of a nicely timed and sorely needed July 4th holiday, we move right into the heat of the summer. I looked at a July 4th article from 2017 and thought it might be fun to do some “that was then, and

Citizens’ Community Development Group closes $15.6m tax-exempt bond to Caleb Mohawk L.P.

North Adams, MA According to Citizens, its Community Development Group closed on a $15.6 million tax-exempt bond transaction to provide construction financing to Caleb Mohawk Limited Partnership, whose sponsor is The Caleb Foundation, Inc.

JLL Capital Markets leads financing of $193.76m construction loan

Boston, MA JLL Capital Markets has arranged a $193.76 million construction loan for the development of a new 262,468 s/f life science campus at Parcels O and P in the Raymond L. Flynn Marine Park (RLFMP) in the city’s Seaport District.

Walsh of EagleBridge Capital arranges $19.75 million mortgage financing for Darien Crossing

Darien, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $19.75 million for Darien Crossing, a two building office complex.

The Village Bank hires Sullivan as senior vice president, human resources

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Maureen Sullivan, SHRM-SCP, as senior vice president/human resources.

MassDevelopment issues $3m tax-exempt bond Cape Cod Collaborative

Yarmouth, MA MassDevelopment has issued a $3 million tax-exempt bond on behalf of the Cape Cod Collaborative (CCC), an educational organization that will use proceeds to renovate and equip the former Laurence MacArthur Elementary School located at 1175 Rte. 28.

WAC closes $150,000 commercial loan to a CT-based developer

Groton, CT Worth Avenue Capital, LLC (WAC) has closed a $150,000 commercial loan to a CT-based real estate developer who is a repeat customer for whom WAC has funded numerous transactions during the last six or seven years.

How real estate investors can use 1031 exchanges to build net worth - by Kaston and Starling

When looking to sell a property, real estate investors face major tax obligations from the resulting profits of the property being sold. To build their net worth faster, property owners can use the process of a 1031 Tax Deferred Exchange

The Real Estate Finance Association has an educational Spring for members

Boston, MA On Wednesday, May 18th, over 150 REFA members tuned into a REFA Fundamentals Webinar on Insurance 101: Property & Liability.  Industry experts Mike White, Scott Mateer, and Annie Fleming of Brown & Brown – Specialty Risk Solutions

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 eq-uity’ often. But what exactly does it mean, and what’s its utility when it comes to fund-ing your business and your real estate development projects in the future?