Elmwood Ave.,
Providence RI
$960,000 cash-out refinance loan for this 22-unit apartment building. The loan is fixed for 10 yrs. at 6.82% and amortized over 30 yrs.   
Closed July 2007

Chestnut Hollow Apts,
Needham MA
$4,2500,000 cash-out refinance loan for this 28-unit apartment complex.  The Interest Only loan is fixed for 10 yrs. at an interest rate in the high 5's.   
Closed June 2007

Winthrop St.,
Augusta ME
$480,000 purchase loan for these two apartment buildings containing 22 apartments.  The loan is fixed for 10 yrs. at 7.09% and amortized over 30 yrs.  
Closed June 2007

Route 171,
Woodstock CT
$1,041,600, 80% LTV purchase loan for this 22-unit apartment complex.  The loan is fixed for 10 yrs. at 6.2% and amortized over 30 yrs.
Closed May 2007

Union St.,
Lynn MA
$2,450,000 purchase loan for this 48-unit apartment building.  The loan is fixed for 10 yrs. at 6.4% and amortized over 30 yrs.  Closed in 45 days.
Closed April 2007

Winter, Cherry & High St.,
Fall River MA
$1,950,926 combined purchase/refinance loan for these 8 bldgs. containing 54 apartments.  The loan is fixed for 10 yrs. at 5.99% and amortized over 30 yrs.
Closed March 2007

Bayview St.,
Newport VT
$652,000 combined purchase/refinance loan for these 5 bldgs. with 30 apartments.  The loan is fixed for 10 yrs. at 6.75% and amortized over 30 yrs.
Closed March 2007

Curve St.,
Millis MA
$800,000, 80% LTV purchase loan for these two bldgs. with 13 apartments.  The loan is fixed for 10 yrs. at 6% and amortized over 30 yrs.
Closed March 2007

Main St.,
Dennis Port MA
$640,000, 80% LTV purchase loan for this 7-unit mixed use building.  The loan is fixed for 10 yrs. at 5.99% and amortized over 30 yrs.
Closed March 2007

Maple Ave.,
Goffstown, NH
$2,160,000 cash-out refinance loan for this 48-unit apartment complex.  The loan is fixed for 5 yrs. at 6.2% & amortized over 30 yrs.  
Closed March 2007

Strathmore Rd.,
Brookline MA
$500,000 cash-out refinance loan for this 7-unit apartment building.  The loan is fixed for 10 yrs. at 6.79% and amortized over 30 yrs.  Zero points paid by borrower.  Non-recourse terms.
Closed March 2007

2745-2751 West Ridge Rd,
Rochester NY
$708,750,  75% LTV purchase loan for this professional office building.  The loan is fixed for 10 yrs. at 6.75% and amortized over 30 yrs.   
Closed December 2006

521 Main St,
Hyannis MA
$737,000 cash-out refinance loan for this 14-unit apartment building.  The loan is fixed for 10 yrs. at 6% and amortized over 30 yrs.
Closed December 2006

398-400 Rantoul St.
Beverly MA
$468,000, 80% LTV purchase loan for this 6-Family building.  The loan is fixed for 10 yrs. at 6.18% and amortized over 30 yrs.
Closed December 2006

758 Westfield St.
West Springfield MA
$704,000, 80% LTV cash-out refinance loan for this 14-unit apartment building.  The loan is fixed for 10 yrs. at 6.22% and amortized over 30 yrs.
Closed December 2006

Washington St,
Haverhill MA
$550,000 cash-out refinance loan for these two buildings with 11 apartments. The loan is fixed for 10 yrs. at 6.06% and amortized over 30 yrs.
Closed November 2006

West Hancock St.
Manchester NH
$624,000, 80% LTV purchase loan for this 12 unit apartment building.  The loan is fixed for 10 yrs. at 6.33% and amortized over 30 yrs.
Closed October 2006

10 Young St,
Pawtucket RI
$604,000 cash-out refinance loan for this 11 unit apartment building. The loan is fixed for 10 yrs. at 6.09% and amortized over 30 yrs.
Closed September 2006

39-41 Washington St,
Bristol CT
$1,300,000,  80% LTV purchase loan for this 28-unit apartment building.  The loan is fixed for 5 yrs. at 7.55% and amortized over 30 yrs.  Zero points paid by borrower.  Market Rents program allowed low Debt Coverage Ratio of 1.0
Closed September 2006

Park Ave. & Burnside Ave,
Hartford CT
Two purchase loans for the same borrower. Both loans are 80% LTV and fixed for 10 yrs. at 6.31%.  Loan of $792,000 for 18-unit and loan of $1,369,600 for 32-unit.  
Closed September 2006

North Cape Center,
Cape Coral FL
$935,000 cash-out refinance loan for this 8-unit retail strip. The loan is fixed for 10 yrs. at 6.84% and amortized over 25 yrs. 
Closed July 2006

Campbell St.
Kansas City MO
$1,192,000, 80% LTV purchase loan for this 60 unit apartment building.  The loan is fixed for 5 yrs. at 6.72% and amortized over 30 yrs.
Closed May 2006

Three Rivers Apartments,
Fort Wayne IN
$9,000,000, 75% LTV purchase loan for this 355 unit luxury high-rise complex.  The bridge loan is fixed for 1 yr. and then converts into a permanent DUS loan. 
Closed May 2006

197-211 Essex St.
Lynn MA
$1,980,700, 80% LTV purchase loan for this 34 unit mixed-use building.  The loan is fixed for 10 yrs. at 7.22% and amortized over 30 yrs.
Closed May 2006

380-388 Somerville Ave.
Somerville MA
$900,000 refinance loan for this 14 unit mixed-use property. The loan is fixed for 10 yrs. at 6.22% and amortized over 30 yrs.
Closed April 2006

123 East Main St.,
Merrimac MA
$665,000 refinance loan for this 4 unit retail strip. The loan is fixed for 10 yrs. at 6.83% and amortized over 25 yrs.  
Closed March 2006

West Allens Dr.,
Philadelphia PA
$600,000 refinance loan for this 54 unit apartment complex.  The loan is fixed for 10 yrs. at 6.96% and amortized over 30 yrs.  Zero points paid by borrower.  
Closed February 2006

22 High St,
Bristol CT
$612,000,  80% LTV purchase loan for this 19-unit apartment building.  The loan is fixed for 5 yrs. at 6.64% and amortized over 30 yrs.   
Closed January 2006

Union St.
Worcester MA
$2,850,000, 75% LTV purchase loan for this 22 unit retail and office building.  The loan is fixed for 10 yrs. at 6.35% and amortized over 25 yrs.
Closed January 2006

63 Lynnway,
Lynn MA
$1,008,000,  80% LTV purchase loan for this 18-unit apartment building.  The loan is fixed for 10 yrs. at 7.14% and amortized over 30 yrs.  Zero points paid by borrower.  
Closed January 2006

197 Division St.
Dennisport MA
$1,340,000, 80% LTV purchase loan for this 16-unit apartment building.  The loan is fixed for 7 yrs. at 7.325% and amortized over 30 yrs.  Zero points paid by borrower.  Market Rents program allowed low Debt Coverage Ratio of 1.0
Closed December 2005

78-80 East Grove St.
Middleboro MA
$937,500 refinance loan for this 14 unit mixed-use property.  The loan is fixed for 10 yrs. at 6.16% and amortized over 30 yrs.  
Closed December 2005

336-342 Westford St.
Lowell MA
$708,750, 75% LTV purchase loan for this 12-unit apartment building.  The loan is fixed for 5 yrs. at 6.63% and amortized over 30 yrs.  
Closed December 2005

Windmill Plaza,
West Dennis MA
$1,200,000 refinance loan for this multi-tenanted retail building + apartments.  The loan is fixed for 10 yrs. at 6.34%.  
Closed December 2005

56 High St.,
North Attleboro MA
$968,000, 80% LTV purchase loan for this 17-unit apartment bldg.  The loan is fixed for 10 yrs. at 6.81% and amortized over 30 yrs.  0 points paid by borrower.
Closed November 2005

Cummins Highway,
Mattapan MA
$2,925,000, 75% LTV cash-out refinance loan for two apartment buildings with 48 units.  The interest rate of 5.99% is fixed for 10 yrs. and amortized over 30 yrs.
Closed November 2005

353-361 Main St.
Athol MA
$536,000, 80% LTV purchase loan for this 20-unit mixed-use bldg.  The interest rate with zero points is 6.93%, and is fixed for 10 yrs.  The borrower gave the seller a 10% 2nd mortgage on a property the borrower already owned.  This allowed the borrower to purchase the property with only 10% down.
Closed September 2005

1270-1288 Pleasant St.
Fall River MA
$650,000, 65% LTV cash-out refinance loan for this 13-unit mixed-use bldg.  The 6.5% interest rate is fixed for 10 yrs. & amortized over 25 yrs.
Closed September 2005

267 Main St.
Bristol CT
$408,000, 80% LTV purchase loan for this 15-unit apartment bldg.  The interest rate with zero points = 6.83% is fixed for 10 yrs. and amortized over 25 yrs.
Closed August 2005

17-23 Chandler St. 
Worcester MA
$2,120,000, 80% LTV purchase loan for this 44-unit apartment building.  The interest rate with zero points = 6.63% is fixed for 10 years and amortized over 30 years.  
Closed July 2005

22 Warren St. 
Lynn MA
$1,202,000, 80% LTV purchase loan for this 21-unit apartment building.  The interest rate of 5.77% is fixed for 10 years and amortized over 30 years.  The loan is non-recourse and assumable.
Closed July 2005

62 units,
Lynn MA
$3,167,000, 80% LTV purchase loan for three apartment buildings.  The interest rate of 5.5% is fixed for 10 years and amortized over 30 years.  The loan is non-recourse.
Closed July 2005

60-62 Franklin St.
Westfield MA
$575,775 purchase loan for this 21-unit apartment complex.  The interest rate with zero points = 6.28%, is fixed for 10 yrs. & amortized over 30 yrs.
Closed July 2005

6 apartment buildings,
Fall River MA
Six separate 80% LTV loans for the same borrower to purchase these apartment buildings containing 42 units.  All six loans have a ten year fixed interest rate of 6.53% with zero points.  The total loan proceeds equals $2,116,000.
Closed June 2005

Talbot & Southern Ave.
Dorchester MA
$862,500,  75% LTV purchase loan for this 9-unit mixed-use building.  The interest rate of 6.25% is fixed for 5 years and amortized over 30 years.  The loan is fully assumable.
Closed May 2005

48-58 Park St. & 14-20 Otis Ave.,
Ware MA
Two purchase loans for 25 apartments with the same borrower.  Both loans were 80% LTV with an interest rate of 6.33% fixed for 5 years and amortized over 30 years.  Both loans are fully assumable.
Closed May 2005

38-42 Catherine St.,
Worcester, MA
$1,088,000 purchase loan for this 35-unit apartment building.  The start interest rate is 3.821%, and is based on the 12-MTA Index, and amortized over 30 years. 
Closed April 2005

14-16 America St.,
Chicopee, MA
$1,120,000,  80% LTV purchase loan for this 28-unit apartment building.  The interest rate with zero points = 6.84%, is fixed for 5 years and amortized over 30 years.  The loan is fully assumable.
Closed April 2005

127 Plain St.,
Fall River MA
$600,000,  80% LTV purchase loan for this 13-unit apartment building.  The interest rate with zero points = 6.76%, is fixed for 10 yrs. and amortized over 30 yrs.
Closed April 2005

Belmont Ave.
Springfield MA
$1,800,000,  80% LTV purchase loan for this 55-unit apartment complex.  The interest rate with zero points = 6.65%, is fixed for 5 years and amortized over 30 years.  The loan is fully assumable.
Closed March 2005

Main St. & White Ave. 
Brockton, MA
$963,750 75% LTV cash-out refinance loan for this 21-unit mixed-use property.  The interest rate with zero points = 6.25%, and is fixed for 5 yrs. and amortized over 30 yrs.  
Closed March 2005

Maple St. & Temple St. 
Springfield, MA
$656,000 80% LTV purchase loan for this 20-unit apartment building.  The interest rate with zero points = 6.4%, and is fixed for 5 years and amortized over 30 years.  The loan is fully assumable.
Closed March 2005

480-482 Lake Ave.
Manchester, NH
$303,750, 80% LTV purchase loan for this 7-unit apartment building.  The interest rate of 6% is fixed for 5 years and amortized over 30 years.  
Closed January 2005

1 Huntington St.
Hartford CT
$388,000, 80% LTV purchase loan for this 15-unit apartment building.  The interest rate of 6.6% is fixed for 10 years and amortized over 30 years.  The loan is fully assumable.
Closed December 2004

522 VFW Parkway,
West Roxbury, MA
$3,375,000 construction loan for a 15-unit condominium building.  The loan included both hard and soft costs, and has an interest rate of Prime + one-half, fixed for 2 yrs.  No pre-sales were required prior to construction.  The loan was placed with a local Boston area bank.
Closed November 2004

14 Thompson Drive,
Randolph, MA
$2,360,000 80% LTV purchase loan for this 24-unit apartment building.  The interest rate of 5.95% is fixed for 5 years and amortized over 30 years.  After the fixed 5-yr. period, the rate is based on the 6-month LIBOR index.  The loan is assumable.
Closed November 2004

223-225 Charles St.,
Cambridge, MA
$1,000,000 cash-out refinance loan for this 6-family building.  The interest rate of 5.35% is fixed for 5 years and amortized over 30 years.  
Closed October 2004

20 Park St. & 34-38 Hanover St.,
Lynn, MA
Two separate 80% LTV purchase loans for the same borrower.   Loan #1 is for $2,368,000for the purchase of 36 units.  Loan #2 is for $2,000,000for the purchase of 30.  Both loans are fixed for 10 years in the mid 5's and are non-recourse.
Closed October 2004

3 buildings,
Holyoke, MA
$920,000, 80% LTV purchase loan for 48 apartments.  The seller took back a 10% 2nd mortgage allowing the buyer to purchase the property with just 10% down.  The interest rate of 6.125% is fixed for 5 years.
Closed August 2004

144-146 Willow St. 
Waltham, MA
$2,010,000, 75% LTV cash-out refinance loan for this 20 unit apartment building.  The interest rate of 6.03% is fixed for 10 years and amortized over 30 years.  
Closed July 2004

Jaffwood Apartments,
Jaffrey, NH
$1,368,000 cash-out refinance loan for this 48-unit apartment bldg.  The interest rate of 6.41% is fixed for 10 years.
Closed June 2004

7 Oak St.,
Peabody, MA
$575,000 cash-out refinance loan for this 12-unit apt. building.  The interest rate of 4.83% is fixed for 10 yrs. and amortized over 30 yrs.  This is a non-recourse loan with an assumable mortgage.
Closed May 2004

Henry Terrace,
Worcester, MA
$4,000,000 cash-out refinance loan for this 74-unit apartment complex.  The interest rate of 6.25% is fixed for 10 years.
Closed May 2004

127-135 Westford St.,
Lowell, MA
$845,000 cash-out refinance loan for this 17-unit apartment building.  The interest rate of 5.88% is fixed for 10 years and amortized over 30 years.
Closed March 2004

99 Warren Ave.,
Brockton, MA
$900,000 purchase loan for this Lodging House consisting of 40 rooms and 4 studio apts.  The interest rate of 7.25% is fixed for 2 years.  The purchase price was $1,345,000.
Closed January 2004

106 Wrentham St.,
Dorchester, MA
$1,200,000, 75% LTV cash-out refinance loan for this 16-unit apartment building.  The interest rate of 5.6% is fixed for 10 years and amortized over 30 years.  
Closed January 2004

100 Concord St.,
Framingham, MA
$2,127,000 cash-out refinance loan for this 40,000 square foot office and retail building.  The loan is fixed for 5 years with a rate of 6.5%.
Closed December 2003

175 & 262-268 Ocean St.,
Lynn, MA
Two refinance loans totaling $5,389,000.  The subject properties contain 96 residential units.  Both loans are fixed for 10 years and amortized over 30 years.
Closed October 2003

221 Park St.,
North Attleboro, MA
$1.2M refinance of this 24-unit apt. building.  The note is fixed for 10 years at an interest rate of 5.07%, and amortized over 30 years.  The loan is non-recourse. 
Closed July 2003

488-498 Hanover St.,
Manchester, NH
This elegant 12-unit apartment building was purchased for $1,170,000.  The loan amount was $728,000 and fixed for 10 years at an interest rate in the high 5's.
Closed May 2003

77 Green St.,
Lynn, MA
$1.36M, 80% LTV 1st mortgage for the purchase of this 27-unit apartment building.  The interest rate is below 5.5% and fixed for 10 years on a 25-year amortization.  The loan is non-recourse.
Closed March 2003

600 Main St.,
Worcester, MA
This high-rise apartment building was purchased for $14.5M.  The buyer assumed the existing mortgage of $8.2M and we arranged a supplemental loan of $2.54M, which has an interest rate of 6.25% and is fixed for 10 years and amortized over 30 years.  In order to raise the necessary funds for our client to complete the transaction, we also arranged 2 cash-out refinances and a $5M bridge loan.
Closed April 2003