Category: Finance

Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2023.  Nilesh Bubna, founding partner and CFO, Longpoint Realty Partners, will serve as president, along with president-elect Ravi Ragnauth, CFO, Berkshire Residential Investments, and treasurer, Jill Sharif, VP, National Business Development, Commonwealth Land Title Insurance Company NCS.

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

New Haven, CT Marcus & Millichap Capital Corp. (MMCC) arranged a $3.64 million loan for Chapel Street Lofts, a 36,000 s/f, four-story multifamily property featuring 23 loft-style apartments located at 441 Chapel St. The financing was secured by Robert Noeldechen, first vice president, capital markets

Quincy, MA Father Bill’s & MainSpring (FBMS), a regional leader of services to prevent and end homelessness, has been awarded a $100,000 grant from the South Shore Bank Charitable Foundation in support of the non-profit’s innovative Yawkey Housing Resource Center.

Fall River, MA Hajjar Management Co., Inc. secured $7.4 million from Rockland Trust for the redevelopment of the vacant three-story former Notre Dame Grammar School. The former 45,640 s/f school located at 34 Saint Joseph St.,

Chelsea, MA Cambridge Savings Bank (CSB) is the lead bank in a $93 million construction loan to support the Innes Redevelopment project, with the development of two new multi-purpose buildings. The project is being led by co-developers John M. Corcoran & Company and Joseph J. Corcoran Company

Rocky Hill, CT Washington Trust’s Commercial Real Estate Group has provided $27 million in permanent financing to Rocky Hill Properties, LLC, for its 144-unit, class A multifamily property located at 11 Kensington Ln.

The year past in housing has been tumultuous and thought-provoking. In fact, the last few have not exactly been steady as it goes. And contrasting now with last December is attention-getting, showing some interesting and fundamental changes. 2021 seems a long time ago now, doesn’t it, a different time?

Cambridge, MA East Cambridge Savings Bank president and CEO Gilda Nogueira was presented with the 2022 Margaret Fuller Award at the recent Margaret Fuller Neighborhood House 120th Anniversary Gala Celebration held on October 20th at the Sheraton Commander Hotel

Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have donated $5,000 to Studio for High-Performance Design & Co. (HPDC). The non-profit organization is a classroom and educational center for sustainable design and construction

Danbury, CT According to Union Savings Bank, Suzanne Walsh Erno has joined the bank as vice president, senior commercial real estate lender. In her role, Walsh Erno will be responsible for developing and handling a variety of commercial real estate loan

Each year, the Counselors of Real Estate (“CRE”), a group of veteran real estate professionals, issue a report on what they believe are the top ten issues that will affect real estate in the coming year. From that list, our team has identified the top issues for New England