Bridgewater Savings Bank is a full service financial institution offering commercial, consumer and residential loans as well as business and personal banking. In addition to these services, the Bank offers a wide array of financial products. Established in 1872, Bridgewater Savings Bank has over $490 million in assets, with more than
$80 million in additional retirement, investment and trust assets under management. The Bank has nine offices located in Bridgewater, Carver, East Bridgewater, Lakeville, Pembroke, Raynham, Taunton and West Bridgewater.
Revere, MA JLL Capital Markets has arranged a $67.256 million refinancing for Eliot on Ocean, a 194-unit multifamily property. JLL represented the borrower, Invictus Real Estate Partners, in securing the three-year, floating-rate loan through Bridge Investment Group Holdings Inc.
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
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.
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
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.