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Category: Finance
Rockland Trust provides $8 million for historic adaptive re-use project
November 14, 2025
Gloucester, MA Cape Ann Housing LLC, an affiliate of the YMCA of the North Shore, has secured $8 million in financing from Rockland Trust for the gut renovation and rehabilitation of the Pattillo Building in the town’s Historic District.
MassDevelopment issues $21.4 million tax-exempt bond on behalf of WCG Homes LLC
November 14, 2025
Worcester, MA MassDevelopment has issued a $21.4 million tax-exempt bond on behalf of WCG Homes LLC, an affiliate of Worcester Common Ground (WCG), which will use proceeds to renovate and preserve 73 units of affordable housing located in 16 buildings in Worcester’s Piedmont neighborhood.
Bayport Funding closes on $200 million credit facility from Webster Business Credit
November 14, 2025
Great Neck, NY Bayport Funding, a direct private bridge lender for real estate developers, has closed on a $200 million senior credit facility from Webster Business Credit, a division of Webster Bank and the lead syndication agent in the transaction. The financing builds on Bayport’s significant resources
Worth Avenue Capital closes $550,000 commercial loan for CT developer
November 14, 2025
Uncasville, CT Worth Avenue Capital, LLC (WAC) closed a $550,000 commercial loan for a Connecticut-based real estate developer who specializes in new home construction and renovations as well as condominium development projects.
Tis the season for yellow book appraisals - by John Nitz
November 14, 2025
As the holiday season ramps up so does the need for Yellow Book appraisals. Over the past few months, Connecticut municipalities and local land trusts have been scurrying in their attempt to meet application deadlines to attain State DEEP, i.e.
Bank loans vs. alternative credit: Show me the money - by Daniel Calano
November 14, 2025
Are you tired of waiting for the Fed to lower interest rates, so you can fund that real estate project? Buy a home? Build a commercial building? I am. Even if it happens, will it make a difference? The Fed only can reduce short-term loans and you need 30-year funding.
Real Estate Finance Association closes a successful fall season with the 37th Annual Gala
November 14, 2025
Boston, MA The 37th Annual REFA Gala was held on Monday, November 3rd at the Omni Boston at the Seaport, honoring National Development with the Swain Distinguished Service Award. National Development joins an accomplished group of Swain Award
Eastern Bank donates $2 million to Lynn Public Schools
October 31, 2025
Lynn, MA The city of Lynn’s purchase of the former Eastern Bank headquarters at 195 Market St. is paying dividends in more ways than one. In issuing an RFP in the spring of 2024, the city was seeking to acquire multi-purpose space,
MassDevelopment partners with BankFive to provide $11m to Bratt, LLC, to build a 45-unit mixed-incom...
October 31, 2025
Hyannis, MA MassDevelopment has partnered with BankFive to provide $11 million in loan financing to Bratt, LLC, which will use the funds to build a new 45-unit mixed-income rental housing development at 199 Barnstable Rd. The apartments will be spread across four buildings
JLL represents Snowball Developments' securing $9.5 million loan for fully-leased 115,800 s/f facili...
October 24, 2025
South Windsor, CT JLL Capital Markets has arranged $9.5 million in permanent financing for Snowball Developments’ refinancing of 555 Nutmeg Rd., a fully-occupied 115,800 s/f industrial facility. JLL represented the borrower, Snowball Developments, in securing a five-year, fixed-rate loan through a life insurance company.
Larew Doyle & Associates arranges $12.6 million in
refinancing for Center Square Village multifa...
October 24, 2025
Bristol, CT Larew Doyle & Associates, a commercial real estate capital advisory firm, has arranged $12.6 million in long-term refinancing for Phase I of Center Square Village, a premier 52-unit Class A multifamily community. Located across from town hall, Center Square Village anchors the city’s ongoing
M&T Realty Capital closes $76.2 million bridge loan for GoodHomes Portfolio
October 24, 2025
Groton, CT M&T Realty Capital Corp. (M&T RCC) has closed financing of a $76.2 million bridge loan for the GoodHomes Portfolio, a workforce housing project led by GoodHomes Communities in partnership with PILOT Real Estate Group. The GoodHomes Portfolio comprises five former hotel properties that have been converted into multifamily housing,
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