News: Finance

Arbor Commercial Mortgage, LLC appoints Hern as vice president in Boston

Arbor Commercial Mortgage, LLC has appointed Kevin Hern as vice president. Hern is responsible for originating multifamily and healthcare loans nationwide utilizing Arbor's entire product line, including FHA, Fannie Mae, CMBS, Bridge, Mezzanine and Preferred Equity. He is based in the company's Boston office and reports to Ken Fazio, senior vice president, national production manager. Hern brings more than 26 years of commercial real estate finance and asset management and disposition experience to Arbor. Most recently, he was a managing director/principal at Boston Capital Funding/FAC in Boston and New York, where he was responsible for all aspects of business development on a national level, including origination, underwriting, debt/equity placement and correspondent/client relationships with regard to commercial real estate. Previous to Boston Capital Funding, Hern held the role of vice president, Commercial Real Estate, at Southern New Hampshire Bank & Trust/Bank of New England. In this position, he was responsible for business development within the New England region for real estate loans up to $25 million. Hern has originated more than $468 million in commercial loans in his career. He also has experience as a workout manager and within capital markets.
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Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4