Financial Digest

Coulombe and Feig of Fantini & Gorga finalize $2.5 million in financing

Peabody, MA Fantini & Gorga has arranged $2.5 million in first mortgage financing for a 40,861 s/f, 22 tenant office property located at 1R Newbury St.

Marcone of Marcone Capital, Inc. arranges $23.07 million acquisition financing for a 56,094 s/f office building in Boston

Boston, MA Mike Marcone of Marcone Capital, Inc. has arranged $23.07 million acquisition financing for a brick and beam, 56,094 s/f office building located at 109-115 Broad St.

Sidel of EagleBridge Capital handles $9.435 million mortgage financing for a residential rental portfolio in Metro Boston

Boston, MA EagleBridge Capital has arranged mortgage financing totaling $9.435 million for a residential rental portfolio of single and two-family homes

American Street Capital places $30.4 million loan for a 111-unit multifamily property in Brookline, MA

Brookline, MA American Street Capital (ASC) has arranged a $30.4 million loan for a 111-unit multifamily high rise. Built in 1965, the 15-story multifamily tower contains a unit mix of one and two-bedroom apartments averaging 1,014 s/f. 

Gallagher promoted to commissioner OCABR’s Division of Banks

Boston, MA According to the Office of Consumer Affairs and Business Regulation’s (OCABR) undersecretary Edward Palleschi, senior leadership appointments

Cornerstone arranges $2.9 million for the acquisition of two properties

Bridgeport, CT Cornerstone Realty Capital arranged $2.9 million in financing for two apartment buildings. One within the Black Rock neighborhood, the other towards the center of town

Worth Avenue Capital closes a $150,000 loan

Manchester, CT Worth Avenue Capital, LLC (WAC) closed a $150,000 commercial loan to a wood pellet manufacturing company that is in its start up phase and will be located locally.

CBRE and Estreich & Co. place $60.586m for One Financial Plaza

Hartford, CT CBRE Capital Markets’ Debt & Structured Finance team has arranged a $47.586 million senior loan and Estreich & Co. has arranged a $13 million mezzanine loan for the acquisition of One Financial Plaza in downtown. 

MassHousing provides Rogers Hall Corp. with $7.5 million in financing

Lowell, MA Senior citizens and disabled residents living at the 61-unit Rogers Hall will have their affordable rents extended for at least 25 years and will see property improvements

Real Estate Finance Association June update: Programming and upcoming annual events

Boston, MA On Thursday, May 30th, REFA Emerging Leaders participated in a behind the scenes tour of the Hub on Causeway Phase 2. Melissa Schrock, senior project manager, development at Boston Properties