The Village Bank hires Cruz as assistant vice president, fraud officer

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Jennifer Cruz as assistant vice president/fraud officer.

Cronheim secures $20.23 million financing for 100,000 s/f office property in Rowayton, CT

Rowayton, CT Andrew Stewart and Dev Morris of Cronheim Mortgage have secured $20.23 million in long-term interest-only financing for an office property. The 100,342 s/f property consists of two interconnected buildings, a historic structure developed

EagleBridge Capital arranges $6.14m construction/permanent mortgage for new CVS pharmacy

Braintree, MA EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $6.14 million for a new long-term leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.

Smith & Henzy Advisory Group secures $37.5 million construction financing

Newington, CT Delray Beach, FL-based developer Smith & Henzy Advisory Group has secured $37.5 million in construction financing for the development of The Pike, 151-unit multifamily property.

Fantini & Gorga arranges $12 million first mortgage for Gateway Sq., Burlington, VT - arranged by Clough and Monahan

Burlington, VT Fantini & Gorga arranged a $12 million first mortgage for Gateway Sq. The non-recourse loan was placed by Wayne Clough and Colin Monahan with a regional bank for the refinancing of 30 and 40 Main St., commonly known as Gateway Sq.

Cirone elected to the board of trustees at Union Savings Bank

Danbury, CT According to Lucie Voves, chair, Union Savings Bank (USB) board of trustees, Anthony Cirone, Jr., CPA and managing partner at Cironefriedberg LLP has been elected to the USB board of trustees.

Mondelci named New Leader in Banking recipient

Essex, CT According to Diane Arnold, president and CEO of Essex Savings Bank, Hilary Mondelci, assistant vice president, loan administration manager and assistant corporate secretary, was selected as 2023 New Leaders in Banking Award recipients.

Housing markets: A year later - by Bill Pastuszek

Housing robustness was the theme of 1-4 family housing a year ago. Looking back, the differences between then and now are dramatic. Higher rates, inflationary pressures, and the Russian invasion of Ukraine are factors that have changed the face of housing.

MassDevelopment partners with Bay State Savings Bank to provide $3.11 million loan financing to Mission on Summer

Worcester, MA MassDevelopment has partnered with Bay State Savings Bank to provide over $3.1 million in loan financing to Mission on Summer to assist in the renovation and conversion of the historic and long-vacant Mission Chapel at 205 Summer St.

REFA update: GBREB installation of officers and division presidents to be held March 20^th at UMass Club

Boston, MA The Real Estate Finance Association (REFA) finished a busy month with their 7^th Annual Mentor Program Kick-off event on February 28^th featuring 50 mentor/mentee pairs. The REFA Mentor Program provides Emerging Leader members