Financial Digest

Worth Avenue Capital closes $130,000 commercial loan

New Haven, CT Worth Avenue Capital, LLC (WAC) closed a $130,000 commercial loan to a small market/restaurant in New Haven County, Conn. The borrower is using the loan proceeds for working capital purposes and the loan

MassDevelopment issues $15.8m bond for Dudley Crossing LLC

Boston, MA MassDevelopment has issued a $15.8 million tax-exempt bond on behalf of Dudley Crossing LLC, an affiliate of Nuestra Comunidad Development Corp., which will use proceeds to build and preserve 47 units of affordable housing

Save the date for the GBREB Installation of Officers & Division Presidents: April 13th, 2022

Boston, MA REFA began a busy month with a virtual Mentor Program kick-off event on February 10th featuring a record 52 mentor/mentee pairs. The REFA Mentor Program provides Emerging Leader members with the opportunity to

MassHousing closes $34.8m for Woodlands at Abington Station

Abington, MA MassHousing has closed on $34.8 million in affordable housing financing to Beacon Communities LLC to refinance, renovate and preserve housing affordability at the 192-unit Woodlands at Abington Station.

The Village Bank will award seventeen college scholarships to Class of 2022

Newton, MA According to Joseph De Vito, president & CEO of The Village Bank, the Auburndale Community Charitable Foundation is now accepting college scholarship applications from local high school seniors.

TGM completes mortgage refinancing for TGM Anchor Point - 323-unit property

Stamford, CT TGM has completed the mortgage refinancing for TGM Anchor Point, a 323-unit waterfront multifamily apartment community and 72-slip marina. TGM Anchor Point received Green Globes Certification enabling TGM to secure competitive borrowing terms

Sidel of EagleBridge Capital arranges $5.7m mortgage financing

Boston, MA EagleBridge Capital has arranged acquisition and permanent mortgage financing totaling $5.7 million for ground floor retail condominium located on Washington St. in the city’s South End.

CIM Group provides $147.65 million loan for 319,000 s/f office building - on behalf of The Davis Companies and Partners Group for One Cabot

Medford, MA According to CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, a CIM-managed fund has closed a $147.65 million loan to The Davis Companies (Davis)

Munoz of Northmarq completes $7 million refinance of Stonley Park Apartments

Boston, MA Jeff Munoz, vice president of Northmarq’s regional office, completed the $7 million refinance of Stonley Park Apartments. The 32-unit/four-story class A multifamily property (originally built in 2019) is located at 76 Stonley Rd.

Fantini & Gorga places $9.292 million for Woburn Rehabilitation and Nursing Center

Woburn, MA Fantini & Gorga has placed $9.292 million in permanent financing for Woburn Rehabilitation and Nursing Center, a 140-bed skilled nursing facility.