Financial Digest

Maugel DeStefano Architects designs new bank branch for Milford Federal Bank

Milford, MA Maugel DeStefano Architects has begun construction on a new Milford Federal Bank branch located at 67 Medway Rd. Sited on the high visibility corner of Medway and Branch Sts., the ground-up construction features a large open concept public banking area with exposed structure, individual banking pods

Worth Avenue Capital, LLC closes two loans totaling $1.125 million

Westport, CT Worth Avenue Capital, LLC (WAC) closed a $300,000 commercial loan for a Connecticut-based real estate developer. The loan proceeds will be used for working capital purposes for his various real estate projects that are evolving.

The Real Estate Finance Association’s Charitable Golf Tournament and summer panel & reception

Boston, MA The REFA Charitable Golf & Tennis Tournament was postponed due to heavy rain and is rescheduled for Monday, August 28th at De...

Sidel of EagleBridge Capital arranges $3.9 million mortgage financing for an apartment property located on Grove St.

Boston, MA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $3.9 million for an apartment property located on Grove St. in the city’s Beacon Hill neighborhood, one of the city’s oldest residential communities.

Boylston Properties and J.P. Morgan close on $150m refinance from Northwestern Mutual

Watertown, MA Boylston Properties, a Boston-based developer of mixed-use properties, and J.P. Morgan Global Alternatives have closed on a $150 million loan from Northwestern Mutual for 100 Forge, a premier life science building. Located within Arsenal Yards along the Charles River, the nine-story 165,600 s/f class A building

MountainOne participated in four Fourth of July community events

North Adams, MA On July 4th, MountainOne, a longstanding financial institution headquartered in the Berkshires, participated in four Fourth of July community events, including the annual parade celebration in Pittsfield.

Gatehouse Capital Partners, Fort Amsterdam Capital, and Crayhill Capital Management provide $85 million loan to Fortis Property Group

Boston, MA Gatehouse Capital Partners and Fort Amsterdam Capital, along with Crayhill Capital Management have provided an $85 million condo inventory loan to Fortis Property Group, a vertically-integrated real investment management company with a portfolio valued in excess of $3 billion.

Winchester Savings Bank appoints Salehpour and Cotter to board of trustees

Winchester, MA According to John Carroll, president and CEO of Winchester Savings Bank (WSB), they have appointed Sara Perkins Salehpour and Paula Cotter to the board of trustees.

North Easton Savings Bank names Wagner as vice president, senior commercial lender

Easton, MA North Easton Savings Bank (NESB) has welcomed industry veteran Jillian Wagner as vice president, senior commercial lender to the bank’s growing team. Wagner brings with her a wide breadth of experience helping local and regional businesses secure financing, with a specialty focus on the deployment of renewable energy projects.

Vales joins Rockland Trust’s Providence commercial lending team

Providence, RI Rockland Trust has expanded its Rhode Island commercial lending team with the appointment of Manuel Vales to senior vice president, commercial loan officer. In this role, Vales is responsible for cultivating and nurturing new and existing commercial client relationships.