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Category: Finance
Housing …hidden in plain sight - by Daniel Calano
January 17, 2025
I was walking quickly to a downtown hospital the other day, in panic mode, so as not to miss a long planned doctor’s appointment. I reached the hospital, and while the main desk person “helped” by saying “go down this hall, take your first right, go to end, just before a left elevator bank, up to 4th floor,” etc, etc.,
Real Estate Finance Association names board of directors
January 17, 2025
Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2025: Jill Sharif, vice president-national business development, Commonwealth Land Title Insurance Company – National Commercial Services, will serve as president, along with president-elect John Roach,
MassDevelopment and M&T Bank deliver
$16.5 million bond to Brimmer and May School
December 13, 2024
Chestnut Hill, MA MassDevelopment has issued a $16.5 million tax-exempt bond on behalf of the Brimmer and May School (Brimmer), an independent day school serving students in pre-kindergarten through grade 12. Brimmer will use proceeds to demolish
Brady Capital Advisors, LLC arranges $29.1 million acquisition and renovation financing for Shawomet...
December 13, 2024
Somerset, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $29.1 million in acquisition and renovation financing for Shawomet Gardens, a 240-unit residential portfolio located on 12.46 acres at 102 Shawomet Ave.
525 LINC secures $58 million refinance
loan - funded by Aareal Bank
December 13, 2024
Allston, MA FAM Asset Management, Arx Urban, and Boylston Properties, closed on a $58 million loan from Aareal Bank to refinance 525 LINC, a coliving development that opened its doors in January 2024. 525 LINC includes 80 coliving suites and studios, equaling 279 rentable bedrooms, in a mix of studios, 3- and 4-bedroom suites.
Guilford Savings Bank and Eastern Connecticut Savings Bank plan to merge
December 13, 2024
Norwich, CT Guilford Savings Bank (GSB) and Eastern Connecticut Savings Bank intend to merge, combining two organizations with deep roots in the Connecticut communities they serve. This partnership, approved unanimously by both boards, will create a bank with $1.4 billion in combined assets and 25,000 clients.
Greystone consults on $303 million Freddie Mac Q-Series securitization for Webster Bank
December 13, 2024
Boston, MA Greystone, a leading national commercial real estate finance company, has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was collateralized by 19 loans, secured by 31 properties with a total of 1,236 units, all located on the East Coast.
Worth Avenue Capital, LLC arranges $1 million real estate development loan
December 13, 2024
Montville, CT Worth Avenue Capital, LLC (WAC) has closed a $1 million real estate development loan towards the construction of a new 22-unit condominium complex. This loan was funded as a “follow on” construction line of credit after the initial $2.5 million construction loan
Newmark arranges sale and financing of 2 Executive Dr. for Rhino Capital
December 13, 2024
Chelmsford, MA Newmark has secured the $14.5 million sale of 2 Executive Dr., an R&D/office/lab building. Newmark co-head of U.S. capital markets Robert Griffin and Newmark’s Boston Capital Markets group executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Property rights and short-term rentals – impact on value - by Marc Nadeau
December 13, 2024
Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights.” The Bundle of Rights is in effect the exclusive right, use and disposition of the property that belong to the property owner. Inherent within the Bundle of Rights can be the right to sell, the right to mortgage, the right to occupy,
Campanelli of Needham Bank leads panel on Italian Excellence in Business at the Festival of Italian ...
December 13, 2024
Needham, MA Joseph Campanelli, chairman, president, and CEO of Needham Bank, hosted a panel discussion as part of the Festival of Italian Creativity. The panel, The Italian Influence on Successful Businesses, was scheduled for Thursday, November 21st, at 10:15 a.m. at the Consulate General of Italy in Boston in the Federal Reserve Building
The Trump regime: Pledges, promises and real estate impacts
December 13, 2024
Now that the election has settled, and President Elect Trump is setting up cabinet, departments, congressional favorites and so on, at a rip-roaring pace, we need to be aware and understand impacts to our industry. First, consider his pledges, which he has been fulfilling well before he is inaugurated.
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