Category: Finance

Boston, MA On Wednesday, July 23^rd, at The Retreat, 225 Franklin St., REFA Emerging Leaders presented the sold out 2025 Summer Panel & Reception. They explored what distress really means in today’s commercial real estate market. The moderator, Elizabeth Berthelette,

Salem, MA MassDevelopment has issued a $6 million tax-exempt bond on behalf of Plummer Youth Promise, Inc., a nonprofit human services provider that seeks to improve outcomes for young people in or at risk of entering state foster care.

Worcester, MA Marcus & Millichap Capital Corp. (MMCC) arranged $18.65 million in financing for three multifamily properties located in Worcester, Framingham and Waltham. Robert Damigella, managing director in MMCC’s Boston office,

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.

Dorchester, MA Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $7 billion in assets, has opened its newest branch. The official opening of the new branch at 734 Dudley St. marks the bank’s expansion to 19 physical locations across the region.

Boston, MA Eastern Bank welcomes Joseph Rodolfy as a senior vice president, commercial real estate relationship manager. Rodolfy brings over 13 years of banking experience with a focus on commercial real estate and credit analysis.

Wilmington, MA JLL Capital Markets secured $92 million in financing for Fordham Park Robotic and Logistics Campus, a three-building robotics, R&D and distribution park.

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019.

Last month, I wrote about the basic factors that kept interest rates high, and thus building or buying houses, as well as commercial projects, difficult to pursue. Factors included the Fed, bank, fears of inflation, wars, etc. It is complicated. Give it a read.

Amidst the recent interest rate volatility, Matthew Fazio and Michael Roper, managing directors with Kensington Capital Advisors, provided an introduction to interest rate hedging and derivative products on June 3^rd. The webinar discussed the current underlying economic conditions that are creating the recent interest rate volatility and reviewed the derivative products available to actively manage that interest rate risk.

Woonsocket, RI Leading financial services provider Merchants Capital secured $56.5 million in debt and tax credit equity financing for the acquisition of Rock Ridge Apartments, a 152-unit multifamily housing development developed by The BLVD Group (BLVD).

Windsor Locks, CT A major milestone has been reached in the effort to revitalize downtown. Trinity Financial has secured $1.46 million in 9% Low-Income Housing Tax Credits (LIHTC) from the Connecticut Housing Finance Authority (CHFA) to fund the first phase of a transformative transit-oriented