Financial Digest

EagleBridge Capital arranges $7m financing

Philadelphia, PA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $7 million for a recently-opened NNN leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.

REFA closes out the year with quality in-person programming

Boston, MA REFA hosted a sold-out education program on Wednesday, October 19th at WilmerHale’s office at 60 State St. 100 REFA members joined us for “Inflation, Interest Rates, and Potential Recession – Their Impact on Commercial Real Estate.” Bryan Mason, Chatham Financial, kicked off the program with an overview of the interest rate environment.

Boston’s industrial market 3Q 2022 - by Bill Pastuszek

The economic landscape has dramatically changed. It seems nothing has changed much since late 2019 but the shifts experienced are big, dramatic, and unsettling. But it all fits a guiding principle: We are certain that change will occur.

Appraisers are critical during uncertain times - by John Nitz

In last month’s interesting NEREJ article, Marc Nadeau, SRA, discussed the volatility of the residential market, including torrid market appreciation over the past two years and, conversely, a recent cause for concern due to rising interest rates.

Real estate as cash machine: Not so clear now - by Daniel Calano

When you need money, you go to the bank cash machine, leave the car running, type in your pin, get how many hundreds or thousands you need. If you need more you go into the bank, refinance your home mortgage, or pile on a second mortgage or HELOC.

Current events: Complicated, not confusing - David Kirk

The Federal Open Markets Committee (FOMC) raised interbank guidance rate. Now at 4.5% after six rate increases, four of which were big increases, with puffy clouds in the skies, rippling in the ponds and whispering headwinds.

Opportunity after the unsuccessful exchange - by Kyle Kadish

Like-kind exchanges have been occurring in some form or fashion for over 100 years. More recently codified as a 1031 exchange, real estate investors continue to actively defer taxes when selling investment property and replacing it with other property.

Cornerstone Realty Capital arranges $10.4 million in financing for Nubian Sq. development

Boston, MA Cornerstone Realty Capital has arranged $10.4 million in financing for the construction of a mixed-use residential condominium development in the Nubian Sq. neighborhood of the city. The project will feature a six-story mixed-use condominium building with 30 residential condos, two retail condos, and five garage

Washington Trust provides $1.4 million to DCR Anderson WAG, LLC

Waterbury, CT Washington Trust’s Commercial Real Estate Group provided $1.4 million in permanent financing to DCR Anderson WAG, LLC for a 40,940 s/f parcel improved with a 2,053 s/f Taco Bell. The subject site is located adjacent to I-84 with traffic counts that exceed 92,200 vehicles per day,

Rockland Trust leads financing package for 44,000 s/f Gardner’s Heywood Hospital surgical space expansion project

Gardner, MA Rockland Trust led a $29 million financing package with Fidelity Bank to Waterstone Properties Groups, arranged by Cornerstone Realty Capital for the construction of the Surgical Pavilion expansion for Heywood Hospital. Heywood Hospital provides surgical services to area residents from North Central, North Quabbin