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Category: Finance
The Real Estate Finance Association teams up with Breaktime and FamilyAid Boston
February 10, 2023
Boston, MA The Real Estate Finance Association has selected Breaktime and FamilyAid Boston has their charitable partners for a three-year partnership! Breaktime and FamilyAid will be the designated charities of REFA’s signature events, including the Charitable Golf & Tennis Tournament, Gala, Programs, and community service activities.
MassHousing closes $31 million affordable housing financing to CSI Support & Development Services
January 13, 2023
Charlestown, MA MassHousing has closed on $31 million in affordable housing financing to CSI Support & Development Services for the refinancing, renovation and extension of affordability of City Square Elderly Housing.
Seven tax essentials that every commercial property owner should know in 2023 - by Bill Cusato
January 13, 2023
With year-end comes the pleasure of tax preparation, but every year the rules are certain to change. Will you have enough losses to cover your tax liability, or heaven forbid, will you be writing a large check? Commercial property owners have a number of extremely lucrative tools at their disposal - would any of the seven following strategies work for you?
Cornerstone Realty Capital arranges $74.3 million in financing for two properties
January 13, 2023
Boston, MA Cornerstone Realty Capital arranged $15.8 million for the refinance of a 47-unit apartment property located in the Fenway neighborhood of the city. The property consists of a single, four-story apartment building and contains a mix of studios, one-bedroom, two-bedroom, and three-bedroom units.
Sherin and Lodgen reps. Cambridge Savings Bank in $32 million financing of six solar sites in MA & R...
January 13, 2023
Boston, MA According to law firm Sherin and Lodgen LLP, its renewable energy practice group represented lender Cambridge Savings Bank in a $32 million loan facility to affiliates of Kearsarge Energy for construction and permanent financing of six solar photovoltaic and energy storage systems
Coulombe of Fantini & Gorga completes $5.5 million permanent loan for a mixed-use Newbury St. prope...
January 13, 2023
Boston, MA Fantini & Gorga has completed the placement of a $5.5 million permanent loan for a mixed-use Newbury St. property. Derek Coulombe, senior managing director at Fantini & Gorga structured and placed the financing with a regional bank
Eagle Rock Properties secures $323 million in financing for a 1,314-unit portfolio in MA & NH
January 13, 2023
Framingham, MA New York-based Eagle Rock Properties has secured $323 million in financing for a 1,314-unit portfolio of five multifamily properties located in MA and NH. The properties are situated in Framingham, Swampscott and Brighton, Mass. and in Nashua, NH.
The year ahead: What’s 2023 going to look like? - by William Pastuszek
January 13, 2023
For most real estate professionals, including lenders and appraisers, 2022 was a transitional year. For the most part, gone is the “blue skies forever” thought processes. Instead, endless optimism is being replaced with a good deal more balance and perspective.
CT Chapter of the Appraisal Institute update for 2023 - by Jacqueline Beauchaine
January 13, 2023
On December 8, 2022 the 2023 Connecticut Chapter slate of officers and directors were installed by chapter past president Linda Sepso, SRA at Casa Mia at the Hawthorne. Chapter Officers and Board of Directors are as follows:
Future office use: Cacancy vs. availability - by Daniel Calano
January 13, 2023
Just last summer, with COVID mostly under control, the big discussion from every venue was whether employees would return to the office, or not. The debate was intense, as some companies tried to insist upon having employees back in their office seats. Other companies were allowing work from home on Fridays and Mondays.
Hindsight for 2023 - Starting over - by David Kirk
January 13, 2023
Hindsight is good for following patterns forward! Dust off the rates. Open the gates. Let’s get going. Get the shovels and the paint and pave the drives with care. We are shovel ready and not too soon for a new coat. We deal with certainties and build for the future, hedging the known uncertainties, and taking risks.
MassDevelopment, Eastern Bank and Rockland Trust issue $19.64 million bond to 120 Washington 4 LLC
January 13, 2023
Worcester, MA MassDevelopment has issued a $19.64 million tax-exempt bond on behalf of 120 Washington 4 LLC, an affiliate of Boston Capital Development, LLC, which will use proceeds to construct 59 units of mixed-income affordable rental housing at the site of the former headquarters of Table Talk Pies at 120 Washington St.
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