Category: Finance

Island Housing Trust and Affirmative Investments Inc. secure $31 million for Tackenash Knoll

Island Housing Trust and Affirmative Investments Inc. secure $31 million for Tackenash Knoll

September 12, 2025
Oak Bluffs, MA The nonprofit Island Housing Trust and joint-venture partner, Affirmative Investments Inc., have secured $31 million from Rockland Trust for the construction of Tackenash Knoll, a 60-unit affordable housing neighborhood coming in May 2027. “At Rockland Trust, we’re proud
Washington Trust celebrates 225th anniversary as the oldest banking community in the nation

Washington Trust celebrates 225th anniversary as the oldest banking community in the nation

September 12, 2025
Westerly, RI The Washington Trust Company, the oldest community bank in the nation, marks 225 years of commitment to the businesses and families of Rhode Island and New England. Since opening its doors on August 22, 1800, Washington Trust has grown to become
Bangor Savings Bank hires Marroni as mortgage loan officer

Bangor Savings Bank hires Marroni as mortgage loan officer

September 12, 2025
Andover, ME Bangor Savings Bank is expanding their Massachusetts-based mortgage loan office team, welcoming Tom Marroni as a mortgage loan officer. With over 30 years of experience in the banking and mortgage industry, Marroni brings a wealth of expertise
FEMA and 50% Rule - How to document contributory value of improvements - by Marc Nadeau

FEMA and 50% Rule - How to document contributory value of improvements - by Marc Nadeau

September 12, 2025
The 50% Rule refers to the limitation that a homeowner can spend when renovating or repairing a dwelling that is located in a flood zone. More specifically, FEMA allows for repairs, renovations and/or improvements that don’t exceed 50% of the contributory value of the structure and appurtenances.
AI COMING ON STRONG, and FAST- Who knew! - by Daniel Calano

AI COMING ON STRONG, and FAST- Who knew! - by Daniel Calano

September 12, 2025
About six months ago, or so, Artificial Intelligence was new news, with both hope and promise. It was predicted the progress would show results within a few years. The main question afloat was whether AI would improve worker and company productivity, or would it ultimately reduce the need for workers.
Real Estate Finance Association - 37th Annual Gala

Real Estate Finance Association - 37th Annual Gala

September 12, 2025
Boston, MA Preparations have begin for the 37th Annual REFA Gala. Sponsorships and tickets are available for the 37th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring National Development with the Swain Distinguished Service Award.
REFA invites you to advance your real estate career with Boston University!

REFA invites you to advance your real estate career with Boston University!

September 12, 2025
Boston, MA Whether you’re an experienced commercial real estate professional or new to the industry, Boston University’s program equips you for greater success.
Atlantic Capital Partners closes $23 million refinance on behalf of Hall Investments - secured by Lowe’s ground-lease

Atlantic Capital Partners closes $23 million refinance on behalf of Hall Investments - secured by Lo...

September 12, 2025
Norwalk, CT Atlantic Capital Partners Debt and Equity Platform has completed the closing of a $23 million refinance on behalf of Hall Investments, secured by a long-term Lowe’s ground-lease located at 100 Connecticut Ave. The refinancing was executed at a fixed interest rate of 5.17%.
Rockland Trust promotes Patten, Gray  and Elliott within the business banking group

Rockland Trust promotes Patten, Gray and Elliott within the business banking group

September 12, 2025
Hanover, MA Rockland Trust has made three promotions within its business banking group. These changes reflect the team’s continued growth in size and strategic scope.
JLL negotiates $132m financing <br>for The Viridian, a 342-unit community

JLL negotiates $132m financing
for The Viridian, a 342-unit community

August 8, 2025
Boston, MA JLL?Capital Markets has arranged $132 million in financing for The Viridian, a 342-unit luxury multifamily community with fully leased ground-floor retail in the city’s Fenway neighborhood. JLL worked on behalf of the borrower, The Abbey Group,
MassDevelopment issues $11.325m bond on behalf of The Finishing Trades Institute of New England Trust

MassDevelopment issues $11.325m bond on behalf of The Finishing Trades Institute of New England Trus...

August 8, 2025
Lowell, MA MassDevelopment has issued an $11.325 million tax-exempt bond on behalf of The Finishing Trades Institute of New England Trust (FTINE). A nonprofit affiliate of District Council 35 of the International Union of Painters and Allied Trades, FTINE is a postsecondary educational
Hunneman closes on financing for 26-unit Isobel Lofts in Lowell, MA

Hunneman closes on financing for 26-unit Isobel Lofts in Lowell, MA

August 8, 2025
Lowell, MA Hunneman has closed financing for Isobel Lofts, a 26-unit multifamily redevelopment currently under construction in downtown. The firm worked to facilitate financing on behalf of the project’s developer, Nine Zero Two Development, a boutique real estate development company