Financial Digest

REFA kicks off 2020 by hosting Annual Forecasting Breakfast

Boston, MA REFA kicked off 2020 by hosting its Annual Forecasting Breakfast on January 28th at WilmerHale. This year’s lineup boasted a number of industry professionals, beginning with keynote speaker David Darst,

JLL arranges $870 million construction loan for South Station redevelopment - on behalf of Hines, APG Groep NV and Dune Real Estate

Boston, MA JLL Capital Markets has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million s/f, 51-story mixed-use tower that will be built at the city’s South Station

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

Tewksbury, MA Fantini & Gorga has placed $22.5 million financing of a stabilized multifamily community. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing

MassHousing provides $14.4m to Barkan Cos.

Fitchburg, MA MassHousing has provided $14.4 million in affordable housing financing to an affiliate of the Barkan Companies, to extend the affordability of the Fitchburg Green affordable housing community,

Marcone of Marcone Capital arranges $7.8 million financing of Independence Place

Bedford, NH Mike Marcone of Marcone Capital, Inc. has arranged the $7.8 million financing of Independence Place, a property consisting of a high quality, two story, 102,538 s/f medical and general office building.

PGIM Real Estate Financing completes $12.4 million
refinancing of The Village at Cedar Heights

Mansfield, MA PGIM Real Estate Financing has completed $12.4 million in HUD 223(F) – Early Rate-Lock refinancing to Mansfield Apartments I, LLC for The Village at Cedar Heights. The property is located 10 Connors Ave.

Newmark Knight Frank arranges $173 million loan to refinance the Archer Residences on behalf of Center Court Mass, LLC

Boston, MA On behalf of Center Court Mass, LLC, Newmark Knight Frank (NKF) has arranged a $173 million loan to refinance the Archer Residences, a 62-unit luxury condominium project

Cornerstone Realty Capital completes $4.7 million refinance of 18-unit property

Brookline, MA Cornerstone Realty Capital arranged $4.7 million for the refinance of an apartment building located in the desirable Coolidge Corner neighborhood. The property features 18 residential apartments consisting of four studio units

JLL arranges $53.8m construction financing for The Noannet Group

Somerville, MA JLL has arranged $53.8 million in construction financing in the form of a participating mortgage for the development of Cambria Somerville-Cambridge, a new 163-room, full-service hotel.

CBRE secures $37.2m financing for acquisition of Alta Easterly on behalf of Audubon Capital Partners

Walpole, MA CBRE has secured $37.2 million in financing to assist with the acquisition of Alta Easterly, a 157-unit apartment community located at 1100 Cricket Ln.