Category: Finance

MassHousing closes $87.2 million in financing for 808 Memorial Dr.

MassHousing closes $87.2 million in financing for 808 Memorial Dr.

August 14, 2020
Cambridge, MA MassHousing has closed on a total of $87.2 million in affordable housing financing to the non-profit Homeowners Rehab, Inc. (HRI), for the modernization and preservation of affordability at the 300-unit 808 Memorial Dr.
Cornerstone Realty Capital arranges $6.5 million for a 42-unit mixed-use development

Cornerstone Realty Capital arranges $6.5 million for a 42-unit mixed-use development

August 14, 2020
Hull, MA Cornerstone Realty Capital has arranged $6.5 million in financing for the construction of a mixed-use development on Nantasket Beach. Once construction is complete, the property will consist
NorthMarq handles financing solution via Freddie Mac for $5.54m refinance of Mill Falls Apartments

NorthMarq handles financing solution via Freddie Mac for $5.54m refinance of Mill Falls Apartments

August 14, 2020
Lowell, MA Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office, arranged the $5.54 million refinance of Mill Falls Apartments.
Landry of FinanceBoston arranges $7.29 million construction loan

Landry of FinanceBoston arranges $7.29 million construction loan

August 14, 2020
South Boston, MA FinanceBoston has arranged a $7.29 million construction loan for the ground-up development of a 20-unit mixed use project, comprised of 19 rental apartments over ground-floor retail
Fantini & Gorga arranges $1.325 million first mortgage loan for the acquisition of a Family Dollar store

Fantini & Gorga arranges $1.325 million first mortgage loan for the acquisition of a Family Dollar s...

August 14, 2020
West Warwick, RI Fantini & Gorga arranged a $1.325 million first mortgage loan for the acquisition of a Family Dollar store. Fantini & Gorga placed the financing on behalf of a long-standing client
The Real Estate Finance Association update: Continuing to create programming for members

The Real Estate Finance Association update: Continuing to create programming for members

August 14, 2020
Boston, MA The Real Estate Finance Association (REFA) continues to create programming for its members throughout the summer. On Tuesday, July 14th, REFA hosted its 5th Webinar since March: What’s Driving Demand In Greater Boston’s Unique Industrial Market?
Effects of COVID-19 on multifamily sector - by Corey Gustafson

Effects of COVID-19 on multifamily sector - by Corey Gustafson

August 14, 2020
After an unprecedented ten years of growth, by February 2020, global markets including real estate are now in flux as a result of the COVID-19 Pandemic. The COVID-19 outbreak resulted in tremendous uncertainty regarding the duration and depth of the crisis.
The current state of appraisal - by Bill Pastuszek

The current state of appraisal - by Bill Pastuszek

August 14, 2020
Where have all the appraisers gone? Where are the new ones coming from? Will technology take over the appraisal function? Why is it so difficult to become an appraiser?
What will our new  “norm” look like? - by Steven Spangle

What will our new “norm” look like? - by Steven Spangle

August 14, 2020
This article is the result of an email from Steve Sousa, executive vice president MBREA based on an article of Tim Logan in the Boston Globe titled “Downtown’s surreal, empty scenes convey a haunting omen.
Small business financial help is available: Subchapter 5 Bankruptcy law streamlines process - by Roger Durkin

Small business financial help is available: Subchapter 5 Bankruptcy law streamlines process - by Rog...

August 14, 2020
Bankruptcy laws were created by the founding fathers to protect the citizenry from overburdening financial difficulties. The U. S. Constitution Article 1, Section 8, Clause 4 states: “Congress shall have Power To...establish...uniform Laws on the subject of Bankruptcies throughout the United States....”
President’s message: Continue to provide services - by George Demopulos

President’s message: Continue to provide services - by George Demopulos

August 14, 2020
The Massachusetts and Rhode Island Chapter of the Appraisal Institute is hoping all of our friends and clients are continuing to stay safe during the COVID-19 Pandemic. Appraisers, just like all of our customers, clients and friends in
Residential real estate – What is trending today - by Marc Nadeau

Residential real estate – What is trending today - by Marc Nadeau

August 14, 2020
The architectural landscape in New England has long been rooted by the traditional form that we all know so well. Terms to that roll off our tongues include that of colonial or cape style residences, along with ranch, raised ranches, split levels and the ever-present vernacular.