Cambridge, MA Rockland Trust has provided $17.7 million in financing to local developers Capstone Communities LLC and Hope Real Estate Enterprises LLC. The financial package includes an $8.7 million construction loan and $9 million in low income housing tax credit equity.
East Cambridge, MA Urban Spaces has finalized a $71 million construction loan with People’s United Bank for Kendall East, a mixed-use, two-building property comprised of 120 market-rate and 16 affordable apartments and 15,000 s/f of retail located in the First St.
Canton, MA Eastern Bank places $11 million construction loan to Thorndike Development for ground-up construction of the Copperworks Condominiums. With first occupancies planned for this December, Copperworks is a three-story boutique condominium community
Boston, MA Boston Appraisal & Consulting, LLC has opened their new office at 100 Franklin St., 7
th floor. Thomas Jensen, MAI, a seasoned commercial real estate appraisal industry veteran, leads the office as executive director.
Somerville, MA JLL has arranged $140 million in financing for 101 South St., a 289,000 s/f, class A office and lab development in the Boynton Yards area of the city. The project is under construction
Freetown, MA AmeriCann, Inc., a cannabis company that is developing cultivation, processing and product manufacturing facilities, has secured a $4 million investment to accelerate the second phase of construction at its Massachusetts Cannabis Center
Waltham, MA Cornerstone Realty Capital has arranged $3.8 million for the acquisition and renovation of a townhouse-style apartment building. The property, known as Lawton Place, consists of 11 three-bedroom units and one four-bedroom unit
Brookline, MA MassHousing has closed on a total of $5.5 million in affordable housing financing to 2Life Communities for the development of the Harold and Ronald Brown Family House, which will create 62 new, mixed-income
Rowley, MA FinanceBoston has arranged a $2.568 million senior loan secured by a mixed-use property. The property has direct frontage on the Essex County town’s main business corridor and benefits from numerous long-standing tenants.
Boston, MA Harvard’s flexible, low-cost $10 million investment with Local Initiatives Support Corp. (LISC) 20 years ago contributed to the creation or preservation of 3,108 units of diverse affordable housing in its host communities of Boston and Cambridge.
.gif)