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Category: Finance
Rockport Mortgage closes $42.7m in financing for Melville Towers owned by Affordable Housing & Servi...
April 10, 2020
New Bedford, MA Rockport Mortgage Corp. has closed an FHA Section 223(f) refinancing loan totaling $42.7 million for Melville Towers, an elderly apartment complex located at 850 Pleasant St.
Cornerstone Realty Capital arranges $78.6 million for the development of Breakwater North Harbor in ...
April 10, 2020
Lynn, MA Cornerstone Realty Capital arranged $78.6 million for the construction to permanent financing of a 331-unit luxury apartment property. The project, known as Breakwater North Harbor, is being developed by Lynn Redevelopment, LLC
O’Donnell, Tousignant and Feig of Fantini & Gorga arrange $9.165m in financing for Roxbury Highlan...
April 10, 2020
Roxbury, MA Fantini & Gorga has arranged permanent financing of $9.165 million for Roxbury Highlands. Roxbury Highlands is comprised of 50 affordable apartments supported by HUD project-based subsidies, two market rate apartments and three commercial spaces.
JLL arranges $5.6m refinancing for 56,000 s/f industrial building
April 10, 2020
Wilmington, MA JLL Capital Markets has arranged a $5.6 million refinancing for 271 Ballardvale St., a 56,000 s/f, fully leased, light manufacturing industrial building. JLL worked on behalf of the borrower
The Real Estate Finance Association March update – REFA hosts its first webinar
April 10, 2020
While some planned REFA events had to be cancelled due to concerns surrounding the ongoing COVID-19, REFA is working hard to act as a resource and keep its membership engaged virtually during this time.
In the face of uncertainty - by Bill Pastuszek
April 10, 2020
Here we all are, social creatures, prohibited from contact with others. Our public places are not full of the humans they were designed for. Real estate is not being used as it was intended. We venture from our homes carefully.
Jackson joins Advisra in New Haven, CT
April 10, 2020
New Haven, CT According to Advisra president, Albert Franke, Shelby Jackson, CCMA II, SPA has joined the firm. Jackson is a veteran of the real estate industry, having been a licensed broker since 1985
Membership has its privileges - by Allan Cohen
April 10, 2020
MBREA members have access to Member Forum, a must-read Q & A website for appraisers. Almost daily, appraisers ask their peers for advice on difficult assignments, odd situations, unique instructions from lenders, and how to deal with AMC staff and the Board of Registration crew.
Appraising in difficult times - by Robert Concannon
April 10, 2020
Without a doubt, 2020 has already become one of the most challenging periods for appraising real estate in modern history. After the longest sustained economic recovery since World War II, the global economy is currently faced with the greatest health care crisis in modern history.
Special Appraisal Institute Covid-19 Special Report - by George Demopulos
April 10, 2020
The Massachusetts and Rhode Island Chapter of the Appraisal Institute is hoping all of our friends and customers are staying safe during the Covid-19 Pandemic.
“May You Live in Interesting Times” - by Laurie Mentz Nichols
April 10, 2020
“May you live in interesting times,” is an English translation of an old Chinese proverb which is as much a blessing as a curse. In the three short months since the first reported outbreak of the coronavirus (COVID-19), the World Health Organization (WHO) declared a pandemic.
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