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GE Real Estate provides $200 million for the refinancing of Normandy's portfolio Dedham.3meg_opt.jpg Dedham, MA GE Real Estate has completed a $200 million refinancing of Normandy Real Estate Fund's 1.2 million s/f portfolio of assets in the suburban Boston and Conn. markets. Normandy, one of the largest real estate owners and operators in the Boston to Washington, D.C. corridor, acquired the assets in 2006 and completed a substantial repositioning of the office properties, increasing occupancy from 64% to 93%.
"We are extremely pleased with the execution of this transaction, which clearly demonstrates ...
Marcone arranges $9m acquisition financing for 53,790 s/f office building 285 Summer St_opt.jpg Boston, MA Mike Marcone of Marcone Capital, Inc. has arranged $9 million acquisition financing of a 7 story, 53,790 s/f office building located at 285 Summer St. The property benefits from a central location in the heart of the seaport district. The building has been 100% leased since 1991 to Payette Associates, an architectural & design firm.
The property was purchased for $14.25 million by Aegean Capital, LLC. Constantine Alexakos, the owner of Aegean Capital, was "delighted to have acquired 285 ...
Arbor Comm'l. Funding closes $55.692 million for Mayo Group Woodland Heights418_opt.jpg Milford, NH Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has recently funded three loans totaling $55.692 million under the Fannie Mae DUS product line to finance complexes totaling 1,115 units known as Rolling Ridge Apartments in San Antonio, TX, Woodland Heights and Laurel Hills in Milford, N.H. and 480 & 490 Norfolk St. in Boston.
Each of the three, five-year loans amortize on a 30-year schedule and carry a note rate of 5.11%.
The loan was originated ...
Potomac Realty Capital hires Alburez as CCO Needham, MA Potomac Realty Capital, LLC has hired Ricardo Alburez as their chief credit officer. Alburez will oversee the underwriting of all their transactions, ensure credit quality is maintained and that loan delivery is operating efficiently. He will also be a member of their credit committee.
Alburez joins Potomac from Taberna Capital Management in New York, and offers expertise in originating, structuring and underwriting real estate transactions.
Fantini & Gorga arranges $7.8 million refinancing for 3 properties Fantini_opt.jpg North Hampton, NH Fantini & Gorga has recently placed $7.8 million in permanent financing for a group of three properties in southeastern N.H., including McFarland Ford, in Exeter and Hampton Ford & Hyundai and the Sunbelt Rental Building, both in North Hampton. The borrowers were limited liability companies owned by a well known local family and the lender was a national life insurance company for which Fantini & Gorga acts as correspondent. The refinancing paid off various bank loans and resulted in ...

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