Category: Finance

Rockland, MA The Rockland Trust Charitable Foundation has presented a $90,000 grant to FamilyAid to help families throughout Massachusetts find and maintain housing. The grant will enable FamilyAid to provide education and support to nearly 4,500 children and parents as part of its mission to end family homelessness.

Cambridge, MA Marcus & Millichap Capital Corporation (MMCC) arranged $3.4 million for the refinancing of a 16-unit multifamily property located at 891 Massachusetts Ave. The borrower was not disclosed.

Brockton, MA MassHousing has closed on $29.7 million in affordable housing financing to nonprofit NeighborWorks Housing Solutions (NHS) for the construction of 94 new affordable apartment homes adjacent to the Campello Commuter Rail station.

The Connecticut Chapter of the Appraisal Institute and The Land Trust Alliance have joined forces to provide an opportunity for appraisers interested in improving their ability to perform “Yellow Book” appraisals. The course entitled “Uniform Standards for Federal Land Acquisitions: Practical Application,” will be offered May 5th and May 6th at the Courtyard by Marriott in Orange, Conn.

It’s clear that there is a paucity of affordable housing, be it from the homeless to the middle class. Articles abound from New York Times to Wall St., to the best universities and think tanks, and of course from our own real estate newspapers and journals. The “news” generally says it has been caused by the rise in mortgage interest rates…

Boston, MA The Real Estate Finance Association (REFA) has officially kicked off its 10th Annual Mentor Program, setting a new record with 66 mentor-mentee pairs. This yearlong initiative connects Emerging Leader Members with senior professionals, fostering mentorship, career development, and industry connections.

Marlborough, MA Rockland Trust Bank has opened its newest branch, located at 160A Apex Dr. Strategically positioned between the bank’s Worcester and Boston suburban branches, the new location underscores Rockland Trust’s commitment to serving

Somerville, MA JLL Capital Markets has secured a refinancing for Prospect Union Sq., a newly constructed 450-unit residential property located in the Union Sq. neighborhood of the city. JLL represented the borrower, a joint venture between affiliates of Magellan Development Group

Providence, RI The Board of Rhode Island Infrastructure Bank has voted to award a total of $3,341,918 million in Municipal Infrastructure Grant Program (MIGP) awards to the communities of Bristol, Burrillville, Coventry, Cumberland, East Providence,

Auburn, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $10.85 million for the Hampton Inn. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a national commercial

Brookline, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale and financing of Harvard Avenue Apartments, a 24-unit multifamily property.

For those readers who are not familiar with DSTs: They are a legal real estate ownership structure that allows multiple investors to each hold an undivided beneficial interest in the trust. The term “beneficial interest” means that investors hold a percentage of the