Category: Finance

Norwalk, CT Washington Trust recently provided $12.4 million in financing to 390 Westport Ave., LLC for a 45,658 s/f retail plaza.  The shopping center is anchored by Marshalls, an apparel and home fashion store owned by Fortune 100 company TJX, and has maintained strong occupancy

Watertown, MA JLL Capital Markets has arranged a $83.02 million acquisition financing for 550 Arsenal St., a 260,867 s/f shopping center. JLL represented the borrower, National Development, in securing a fixed-rate loan through Wells Fargo.

Guilford, CT Guilford Savings Bank (GSB), a Connecticut community bank since 1875, officially rebranded as Ascend Bank, marking a major milestone in the bank’s evolution. As part of this transition

Westport, CT JLL Capital Markets has arranged $11.5 million in permanent financing for Elm & Main, a mixed-use retail and office center located in the downtown area. JLL represented the borrower, Aubuchon Realty Company, in securing the fixed-rate loan through a correspondent life company relationship. in securing the fixed-rate loan through a correspondent life company relationship.

Cheshire, CT The Connecticut Green Bank has completed a solar photovoltaic (PV) installation financed using C-PACE at 30 Grandview Court. The 29,650 s/f facility is home to direct mail marketing company

Detroit, MI The Counselors of Real Estate held its annual global conference on September 28-30, 2025 in Detroit at the Westin Cadillac Hotel. Rob Nahigian, SIOR,CRE,FRICS,MCR of Auburndale Realty Co. was acting as National VC of Engagement

Durham, NH Greystone, a national commercial real estate finance company, has provided a $46 million Freddie Mac loan to refinance Madbury Commons, a student housing community. The financing was originated by Eric Rosenstock, Jesse Yodice and Yarin Amzalag,

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4

Portsmouth, NH JLL Capital Markets has arranged $96.8 million in construction financing for Prescott Post, a 360-unit class A multifamily development. JLL represented the borrowers, Eastern Real Estate and The Kane Company, in securing a construction loan through Truist Bank.

Gloucester, MA Cape Ann Housing LLC, an affiliate of the YMCA of the North Shore, has secured $8 million in financing from Rockland Trust for the gut renovation and rehabilitation of the Pattillo Building in the town’s Historic District.

Worcester, MA MassDevelopment has issued a $21.4 million tax-exempt bond on behalf of WCG Homes LLC, an affiliate of Worcester Common Ground (WCG), which will use proceeds to renovate and preserve 73 units of affordable housing located in 16 buildings in Worcester’s Piedmont neighborhood.

Great Neck, NY Bayport Funding, a direct private bridge lender for real estate developers, has closed on a $200 million senior credit facility from Webster Business Credit, a division of Webster Bank and the lead syndication agent in the transaction. The financing builds on Bayport’s significant resources