 (1).gif)
News:
Finance
Posted: October 10, 2007
Ashworth Mortgage places $4.85M financing for to be built CVS
Richard Ashworth and June Fish of Ashworth Mortgage Corp. have recently finalized their placement of forward fixed rate financing in the amount of $4.85 million for a to-be-built CVS store. The loan was placed with a life insurance company.
The subject property is 11,000 s/f with drive-thru located on 311-313 Newbury St. (Rte. 1). The free standing property is the new prototype facility being developed by CVS. The directive of site selection being convenient and accessible was met by this prototype store.
When asked to comment, Ashworth said "Given the dynamic changes in the marketplace, our lender honored its commitment and held the low rate despite the adverse lending environment."
Ashworth Mortgage Corp. specializes in the placement of debt and equity financing for all types of commercial real estate.
Tags:
Finance
MORE FROM Finance
C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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
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.
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.
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
