Rockland Trust Bank has provided a $22 million loan to Cruz Development Corp. for the first mortgage construction and permanent loan financing of the Dr. Michael E. Haynes Arms building. The $34 million project will Ayer, MA
Cornerstone Realty Capital has arranged $9.1 million for the acquisition of an apartment property. The property consists of 76 units, spread between three, three-story garden-style buildings and four townhouses. Brookline, MA
Mike Marcone of Marcone Capital, Inc. has arranged the $18.4 million financing of a 47,227 s/f medical and general office building located at 822-826 Boylston St.Boston, MA
Eastern Bank welcomes Rex Lumber Co. as a new commercial banking customer. Founded in 1946, Rex Lumber is a third-generation, family-owned and operated business distributing hardwood lumber with revenue between $50 and $100 million.Chelsea, MA
The Community Economic Development Assistance Corp. (CEDAC) partnered with Local Initiatives Support Corp.(LISC) and its Equitable Transit-Oriented Development Accelerator Fund (ETODAF), to lend a total of $8.5 million in acquisitionBoston, MA
Doug Landry, a principal at the real estate investment and advisory company FinanceBoston, has been named as a partner at the 16-year-old firm. Landry joined FinanceBoston as a principal in July 2018.
Although we are currently in the midst of the longest recovery in history, recent market events remind us that the economy is cyclical. Household debt is at a record high, while the saturated retail and restaurant sectors have been generating a number of high-profile Chapter 11Boston, MA
The Real Estate Finance Association (REFA) is coming off an eventful month. On February 25th
, REFA hosted a sold-out education program at Atlantic Wharf on The Impact of the LIBOR Changes. Framingham, MA
JLL Capital Markets has arranged $43.18 million in acquisition financing for a two-property office portfolio totaling 292,014 s/f. JLL worked on behalf of the borrower, a partnership between Campanelli and Ashland, MA
Citizens Bank’s Community Development Group has provided $24.2 million in construction loans for three separate affordable housing projects in the state.