There are a lot of questions, and many opinions, regarding real estate in a post COVID life. Journalists opine; analysts study statistics; pollsters take samples; developers hire supply demand consultants, and so on. In my opinion, we can all learn something from the stock market.
Chelsea, MA Bellingham Square LLC has completed the $19.05 million ($211,667 per unit) acquisition of a six-building, 90-unit multifamily portfolio. Bellingham Square LLC is a partnership amongst the principals of Vantage Real Estate, Harbor Run Development and Wallace Capital.
Peabody, MA Fantini & Gorga arranged a $1.865 million first mortgage loan for the refinancing of the KinderCare located at 520 Lowell St. Fantini & Gorga placed the financing on behalf of a long-standing client. John Gorga, president and principal, and Lindsay Feig, senior director, represented their client
Chestnut Hill, MA Berkadia has completed the financing secured for Hancock Estates, a garden-style multifamily property. Managing director Robert Lipson of Berkadia’s Shrewsbury, NJ office secured the $42.949 million in permanent refinancing for the property on behalf of the borrower, Chestnut Hill Realty.
Berlin, CT Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.75 million loan to refinance a class A townhouse apartment complex. The ten-year interest only loan was provided by a securitized lender at a 65% loan-to-value with a favorable rate.
As we finish the first quarter of 2021, our clients are asking us for our predictions regarding the overall insurance environment. Until 2018 the insurance marketplace saw significant inflows of capital, manageable loss experience and ample carrier surplus.
Taunton, MA Rockland Trust has provided two loans totaling roughly $9 million to Bassett Development LLC for Titicut Estates, a brand new 55 plus community. These two loans will be used to acquire the land and develop the infrastructure for this new project
Boston, MA Newmark has promoted Timothy O’Donnell and David Douvadjian, Jr. to senior managing director and director, respectively. Both O’Donnell and Douvadjian are a part of Newmark’s Debt and Structured Finance Group,
Cambridge, MA MassDevelopment has issued an $18.7 million tax-exempt bond on behalf of Truman Apartments, LLC, an affiliate of the Cambridge Housing Authority, which will use bond proceeds to buy, renovate, and equip the Harry S. Truman Apartments, a
Boston, MA REFA held its second DEI Discussion Series on April 28th with a conversation about The Color of Law: A forgotten History of how our Government Segregated America, by Richard Rothstein. As part of REFA’s DEI Initiative, REFA
Foxborough, MA EagleBridge Capital has arranged mortgage financing in the amount of $4.78 million for 100 Foxborough Blvd., a two-story office building located in the Foxborough Business Center. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading New England based financial institution.
Taunton, MA Cornerstone Realty Capital arranged $3.43 million for the acquisition and renovation of a 30-unit multifamily property. The property consists of three two-story, identically-structured apartment buildings, originally built in 1987, that feature wood-framing, clapboard siding, and asphalt-shingled hip and gable roofs.