Financial Digest

New England Mortgage Bankers hold conference September 21st-23rd

September 21st through the 23rd marked the dates of the New England Mortgage Bankers conference at Hilton Hotel on Goat Island in Newport, R...

MassHousing closes $45 million for affordable housing in Lowell

MassHousing has closed a $45 million loan for the acquisition and preservation of the 432-unit Westminster Village Arms apartments. Westmins...

Mooney and Marks of Marcus & Millichap arrange $1.5 million loan

Marcus & Millichap Capital Corporation (MMCC) has arranged a $1.5 million fixed rate loan for the purchase of 94 West Main St., a 42-unit ap...

CMBS Workouts - "Keep your friends close and your enemies closer"

Loan defaults in fixed-rate, commercial mortgage-backed securities (CMBS) continue to grow. According to Fitch Ratings, the default rate hit...

East Boston Savings Bank establishes a commercial and industrial lending team

According to East Boston Savings Bank (EBSB), chairman and CEO, Richard Gavegnano, the bank has added a commercial and industrial lending te...

MassHousing honors NE Moves Mortage with top retail producer

MassHousing has honored NE Moves Mortgage for being the agency's top retail producer of first mortgages in 2010, an award the lender has won...

McCurdy has joined Brookline Bancorp, Inc. as general counsel

Michael McCurdy has joined Brookline Bancorp, Inc. as general counsel. McCurdy will bring experience to the role of general counsel. He has...

Nickerson and Nalbandian of NorthMarq place $44 million financing

Doug Nickerson, vice president of NorthMarq's Boston regional office, and Greg Nalbandian, managing director of NorthMarq's northern New Jer...

Savills arranges joint venture equity capitalization on behalf of Simpson Housing for 365,000 s/f project

Savills has arranged joint venture equity capitalization on behalf of Simpson Housing for the development of a 365,000 s/f rental apartment ...

Fantini, O’Donnell and Coulombe of Fantini & Gorga place $11 million; First mortgage financing on River Village Apartments

Fantini & Gorga has arranged $11 million in first mortgage financing on River Village Apartments, a 56 unit apartment property. "We were del...