The Real Estate Finance Association update – Keeping members engaged at home

Boston, MA Two months into the work from home mandate, the Real Estate Finance Association (REFA) continues to work hard to create valuable virtual content for its membership during this time to keep its membership engaged.

Black, Burke and Koop of Colliers handle $48 million financing for The Woodlands Apartments

Middleborough, MA Colliers International’s executive vice president Jeff Black and assistant vice presidents Sean Burke and Bryan Koop of its Capital Markets team arranged $48 million

Berkadia secures $211.25 million refinancing for Hancock Village

Chestnut Hill, MA Berkadia has secured financing for Hancock Village, a townhome community. Managing director Robert Lipson of Berkadia’s Shrewsbury, N.J. office secured the $211.25 million

Rockport Mortgage closes $42.7m in financing for Melville Towers owned by Affordable Housing & Services Collab.

New Bedford, MA Rockport Mortgage Corp. has closed an FHA Section 223(f) refinancing loan totaling $42.7 million for Melville Towers, an elderly apartment complex located at 850 Pleasant St.

Cornerstone Realty Capital arranges $78.6 million for the development of Breakwater North Harbor in Lynn, MA

Lynn, MA Cornerstone Realty Capital arranged $78.6 million for the construction to permanent financing of a 331-unit luxury apartment property. The project, known as Breakwater North Harbor, is being developed by Lynn Redevelopment, LLC

O’Donnell, Tousignant and Feig of Fantini & Gorga arrange $9.165m in financing for Roxbury Highlands

Roxbury, MA Fantini & Gorga has arranged permanent financing of $9.165 million for Roxbury Highlands. Roxbury Highlands is comprised of 50 affordable apartments supported by HUD project-based subsidies, two market rate apartments and three commercial spaces.

JLL arranges $5.6m refinancing for 56,000 s/f industrial building

Wilmington, MA JLL Capital Markets has arranged a $5.6 million refinancing for 271 Ballardvale St., a 56,000 s/f, fully leased, light manufacturing industrial building. JLL worked on behalf of the borrower

The Real Estate Finance Association March update – REFA hosts its first webinar

While some planned REFA events had to be cancelled due to concerns surrounding the ongoing COVID-19, REFA is working hard to act as a resource and keep its membership engaged virtually during this time. 

O'Donnell, Tousignant and Feig of Fantini & Gorga arranges $9.165 million permanent financing for Roxbury Highlands

Roxbury, MA Fantini & Gorga has arranged permanent financing of $9.165 million for Roxbury Highlands. The loan was placed with a national bank. Roxbury Highlands is comprised of 50 affordable apartments supported by HUD project-based subsidies

Rockland Trust provides $22m in financing to Cruz Development - for the $34m Dr. Michael Haynes Arms building project

Roxbury, MA Rockland Trust Bank has provided a $22 million loan to Cruz Development Corp. for the first mortgage construction and permanent loan financing of the Dr. Michael E. Haynes Arms building. The $34 million project will