News: Finance

Brady named originator for Arbor Commercial Mortgage, LLC

Arbor Commercial Mortgage, LLC appointed Patrick Brady as originator. Brady is responsible for originating multifamily loans nationwide utilizing Arbor's entire product line, including FHA, Fannie Mae, Freddie Mac, CMBS, Bridge, Mezzanine and Preferred Equity. He reports to Ken Fazio, senior VP, national production manager. Brady joined Arbor in 2010 as an underwriter. In that role he handled the processing and underwriting of Fannie Mae DUS loans on multifamily properties nationwide. He was also responsible for full credit underwriting of borrowers, collection and analysis of due diligence and presentations to the Loan Committee. Prior to joining Arbor, Brady served as an analyst for The Claremont Companies, where he performed such duties as cash flow modeling, analysis of due diligence and managing an existing real estate portfolio. He was also responsible for evaluating more than $1 billion of potential acquisitions. Brady graduated with honors from Bridgewater State University and holds a B.S. in Accounting and Finance.
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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.
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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.
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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
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