Financial Digest

East Boston Savings Bank opens branch office in Burlington

Burlington, MA East Boston Savings Bank (EBSB) has opened its 37th branch office in Burlington. The new branch is located at 50 Summit Dr. at the Middlesex Tpke. and Rte. 95/128 interchange. The 2,100 s/f office has been designed to take full advantage of the space.

The New England Appraisers Expo was held October 22 at Four Points by Sheraton Norwood

The New England Appraisers Expo was held October 22 at Four Points by Sheraton Norwood - Below are photographs from the event.  ...

MassHousing closes on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corp. for an affordable housing portfolio

Roxbury, MA MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corp. (JPNDC) for the acquisition, preservation and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester.

TD Bank closes $40m direct bond purchase for MaineHousing

Portland, ME TD Bank’s Commercial Lending Group in Maine closed a $40 million direct bond purchase for the Maine State Housing Authority (MaineHousing). The proceeds of the bonds were used to refund prior bonds that had financed multi-family housing projects in the state.

2018 was a terrific year for the Real Estate Finance Association in Boston

Boston, MA On Monday, November 26, REFA held its Annual Holiday Party at Central Wharf Co. Over 80 members and colleagues enjoyed an evening of networking, hors d’oeuvres and drinks all in a festive setting. The evening included a gift card drive benefiting FamilyAid Boston, an organization committed to helping end homelessness within the city area. 

Fantini & Gorga arranges $20.5m first mortgage construction financing for 80,000 s/f to-be-built 95-room assisted living residence

Chicopee, MA Fantini & Gorga recently arranged $20.5 million in first mortgage construction financing, an 80,000 s/f to-be-built 95-room assisted living residence, located in the Chicopee Falls neighborhood of the city.  

Noeldechen of Marcus & Millichap Capital Corp. leads $3.48 million refinancing for three multifamily properties

Bridgeport, CT Marcus & Millichap Capital Corp. (MMCC) has arranged a total of $3.48 million in refinancing for three multifamily properties, totaling 62 units. Robert Noeldechen of Marcus & Millichap’s New Haven office, led the refinance. 

Cronheim Mortgage handles $11.5 million financing

South Norwalk, CT Cronheim Mortgage arranged financing totaling $11.5 million for SoNo Sq. The 10-year loan was structured with three years ...

HFF places $341m in construction financing and joint venture equity

Boston, MA Holliday Fenoglio Fowler, L.P. (HFF) completed $341 million in construction financing and joint venture equity for the development of The St. Regis Residences, a waterfront condominium tower located on one of the last remaining developable waterfront parcels in the Seaport. The HFF team worked as an exclusive advisor to the developer, Cronin Development, to secure $306.5 million in construction financing from JPMorgan Chase Bank, N.A.

EagleBridge Capital places $25.15 million mortgage financing on behalf of Waldorf Capital Management

Providence, RI EagleBridge Capital, working exclusively on behalf of its client, Waldorf Capital Management, has arranged construction/perma...