Financial Digest

Real Estate Finance Association to welcome Grant as keynote speaker for Forecasting Program

On January 12th, REFA hosted its first webinar of the year on “Uncertainty in Construction: The Impact on Real Estate Development.” Tod McGrath, VP, finance, Boston Properties moderated a conversation with Teri Ford,

Cornerstone Realty Capital arranges $9 million for the refinance of a 23-unit apartment building

Boston, MA Cornerstone Realty Capital arranged $9 million for the refinance of a 23-unit apartment building located at 1 Newcomb St. This property consists of a newly constructed six-story apartment building.

Drew Co. receives $27.6 million in financing from Rockland Trust

Scituate, MA The Drew Company, a Boston-based, privately held, real estate development and management company, closed with Rockland Trust Bank on a $27.6 million construction loan for the residential real estate project, SkySail at Driftway.

Berkadia secures $64.15 million financing for five-property portfolio - on behalf of the borrower, Massachusetts-based Chestnut Hill Realty

Brookline, MA Berkadia secured financing for Brookline Cambridge Portfolio, a five-property multifamily portfolio. Managing director Robert Lipson of Berkadia Shrewsbury secured the $64.15 million in refinancing through Freddie Mac

Fantini & Gorga places $7.779m financing

Pepperell, MA Fantini & Gorga has placed a $7.779 million permanent financing for Rolling Meadows Apartments, a 75-unit townhouse apartment property.

Malka and Gauptman of Dwight Capital finances $29 million bridge loan - a 121-unit luxury apartment community

Mystic, CT Dwight Capital has closed a $29 million bridge refinance for Harbor Heights Apartments, a 121-unit luxury apartment community.

Weilgus of Mag Mile Capital secures $1.7 million in acquisition financing

Norwell, MA According to Mag Mile Capital, Matt Weilgus, senior vice president of originations and general counsel in the firm’s Westport, Conn. office, has secured $1.8 million in acquisition financing in connection with a multi-tenant retail property

JLL Capital Markets arranges $246m in construction financing for 808 Windsor

Somerville, MA JLL Capital Markets has arranged $246 million in construction financing for 808 Windsor, a to-be-built, life sciences development totaling 353,000 s/f. JLL worked on behalf of the borrower, a partnership between Leggat McCall Properties, DLJ Real Estate Capital Partners and Deutsche Finance America

MassHousing closes $26.9m in financing to create 87 new mixed-income apartments at 608 Broadway in Lawrence, MA

Lawrence, MA MassHousing has closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex. The $46.8 million mixed-income project will repurpose a former industrial

Marcus & Millichap arranges $6.53m in refinancing for two props.

Wilton, CT Marcus & Millichap Capital Corporation (MMCC) has completed the arrangement of $6.53 million in financing across two transactions–one for a mixed-use medical office and retail property at Sun Plaza, 151 Old Ridgefield Rd.