Selected 2009 Transactions

Rhode Island Mall
$17,067,000 negotiated early prepayment of a first mortgage loan held by AIG Global Investors.  GLL Properties saved more than $3,000,000 in a yield maintenance premium due under the terms of the note, which was secured by a retail property located in Warwick, Rhode Island.

2, 3 & 4 Tech Plaza
$11,300,000 permanent loan from New Alliance Bank to refund a portion of Brookwood Financial Partners’ investment in a 243,480 sq.ft. office complex in Middletown, Rhode Island.

Stop & Shop Plaza
$10,586,000 permanent loan from Liberty Bank on behalf of Katz Properties to facilitate the acquisition of a 122,718 sq.ft. neighborhood shopping center located in Enfield, Connecticut.

Amherst Shopping Center
$10,000,000 permanent loan from Assurant Real Estate to refinance a maturing $5,000,000 loan on behalf of CRES Development, secured by a 79,682 sq.ft. neighborhood shopping center located in Amherst, Massachusetts.

234 Ballardvale Street
$6,925,000 permanent loan from Peoples Bank on behalf of RAM Management to facilitate the acquisition of a 100,225 sq.ft. multi-tenant industrial building in Wilmington, Massachusetts.

Cook Estate
$6,825,000 land development and construction loan from Cambridge Savings Bank on behalf of Abbott Development for the first phase of a 27 unit age restricted condominium community in Cohasset, Massachusetts.

Tamarack Country Club
$4,400,000 negotiated extension of a “B” loan from Assurant Real Estate on behalf of a country club located in Greenwich, Connecticut.

Crowne Plaza
$4,100,000 leasehold first mortgage financing from Northern Bank & Trust on behalf of DiLorenzo Real Estate to facilitate the leasehold acquisition, renovation and reflagging of a 270 room hotel in Newton, Massachusetts from a Sheraton to a Crowne Plaza.

35 Forest Ridge
$2,500,000 permanent loan from Guardian Life to facilitate the acquisition by Gerard Management Group of a 25,279 sq.ft. office building in Concord, Massachusetts.