Boston Private Bank & Trust Co. hires McNally as vice president
Boston Private Bank & Trust Company, a wholly owned subsidiary of Boston Private Financial Holdings, Inc. has appointed John McNally to vice president of residential mortgages for the bank's Lexington office.
In this position, McNally will be responsible for servicing clients' residential mortgage needs while building relationships with realtors, CPAs, attorneys and other referral sources. McNally will work closely with homebuyers - guiding them from start to finish through the steps of purchasing a home.
With more than 23 years of experience in the mortgage industry, McNally will assist Boston Private Bank in continuing to develop new relationships in Concord and Lexington, while helping to build a strong connection with the local community.
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.
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
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
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.
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.