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Category: Finance
Groblewski of Fantini & Gorga arranges $3.667 million acquisition financing
March 11, 2022
New Bedford, MA Fantini & Gorga has arranged $3.667 million in acquisition financing for Ocean Side Plaza, a 42,883 s/f neighborhood strip center. Senior managing director Casimir Groblewski arranged the financing for his client, HEET LLC,
Colliers arranges $38.7 million loan for class A industrial development
March 11, 2022
Boylston, MA Colliers Capital Markets has arranged $38.7 million in senior construction financing for the development of Pine Hill Dr., a fully-approved, 396,375 s/f, class A, warehouse and distribution facility located at 80 Pine Hill Dr.
JLL Capital Markets arranges $56 million in construction financing for 149 Newbury St. - a 43,500 s/...
March 11, 2022
Boston, MA JLL Capital Markets has arranged $56 million in construction financing for the development of 149 Newbury St., a fully-approved, 43,500 s/f retail and office development in the city’s Back Bay neighborhood.
CBRE secures $89 million in financing for 75 Tresser Blvd.
March 11, 2022
Stamford, CT CBRE Capital Markets’ Debt & Structured Finance team has arranged an $89 million loan for the acquisition of 75 Tresser Blvd., a 344-unit, four-story residential property located in downtown.
East Cambridge Savings Bank and Patriot Community Bank finalize merger plans
March 11, 2022
Cambridge, MA 1854 Bancorp, the mutual holding company of East Cambridge Savings Bank, and Patriot Community Bank, a cooperative bank headquartered in Woburn, have jointly reached a definitive merger agreement in which 1854 Bancorp will acquire Patriot Community Bank
Rockland Trust provides $20 million in financing for two developments - to Anthony Rossi of 13 Sudbu...
March 11, 2022
Worcester, MA Rockland Trust provided over $20 million in combined construction loans to Anthony Rossi of 13 Sudbury Realty LLC and Hermon St. Development for the redevelopment of two properties. The capital will be used for the renovation of a former
Bluestone Bank wins 2021 NEFMA award for overall best campaign
March 11, 2022
Raynham, MA Bluestone Bank has been recognized as a 2021 NEFMA (New England Financial Marketing Association) award winner in the category of Best Overall Campaign. An independent panel of judges selected the most creative,
Worth Avenue Capital closes $130,000 commercial loan
March 11, 2022
New Haven, CT Worth Avenue Capital, LLC (WAC) closed a $130,000 commercial loan to a small market/restaurant in New Haven County, Conn. The borrower is using the loan proceeds for working capital purposes and the loan
MassDevelopment issues $15.8m bond for Dudley Crossing LLC
March 11, 2022
Boston, MA MassDevelopment has issued a $15.8 million tax-exempt bond on behalf of Dudley Crossing LLC, an affiliate of Nuestra Comunidad Development Corp., which will use proceeds to build and preserve 47 units of affordable housing
President’s message: Springtime is a season for growth and renewal - by Brad Hevenor
March 11, 2022
With the dark days of winter now behind us, springtime is a season for growth and renewal. While the Massachusetts, Rhode Island, and Maine Chapter of the Appraisal Institute has its sights optimistically set on the year ahead, we retain an appreciation of the challenges
The changing environment: inflation, rates, geo-politics - by Bill Pastuszek
March 11, 2022
The year 2022 has greeted us with plenty of uncertainty. At the end of the first quarter, most projections are now subject to review and possible resetting.
Inflation is here, finally. Why do we care? - by Daniel Calano
March 11, 2022
For those of you who were around in real estate a couple of decades ago, you know we were sure inflation would come, and interest rates would increase. The truth is…it never happened, except for a few blips. I, for one, gave advice or made decisions based
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