News
BANKERS' BLAST
June 7, 2011
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| We snapped Sovereign Bank?s John Everly and Sullivan & Worcester?s Sander Ash at RELA's spring cocktail party at the Ames Hotel Thursday evening. John says Sovereign has been very active with redevelopment, acquisition, and construction loans for office, retail, and multifamily. The bank is sticking to its usual footprint in the northeast corridor from New England to DC. Sander tells us that the law firm has seen a ?tremendous pickup in activity.? In debt and equity markets, he sees an appetite for core New England CRE assets. For acquisitions, he's working mostly on deals for offices with a smattering of multifamily and hospitality. |
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| Eastern Bank?s Jim Partridge, Sovereign?s Peter Oliver, and Newbank?s Obidiah Dart were also pretty happy with the market. Jim says he's been busy with loans to build multifamily and reposition office buildings. Peter tells us that much of his activity has been between Route 128 and 495. They haven?t been ?lucky? downtown, he says. Obidiah, whose firm does due diligence consulting for lenders, adds that he's seeing a fair amount of action with low income housing tax credit deals and small infill multifamily in markets like Somerville. |
