Mill Creek Closes on $98M Loan for 380-Unit Development
Apartment developer Mill Creek closed on a $97.6 million construction loan and acquired a Medford industrial property for $20.5 million where it has approval for a Chapter 40B development.
CUs, Small Mutuals Find Wins
While the state’s regional banks face liquidity pressures and have tightened their credit standards so far this year, Massachusetts’ smaller credit unions and mutual banks saw skyrocketing growth in commercial loan volumes in the first six months of the year.
Hanover Co. Gets $81M Construction Loan for Stoneham Development
An apartment development site near Interstate 93 in Stoneham was sold to The Hanover Co., which received $81 million in construction financing from U.S. Bank.
FoxRock Gets Financing for Next Quincy Development
A $58.5-million construction loan from Citizens Bank will catalyze the development of FoxRock Properties’ 201-unit Center & Stone complex in Quincy.
