CB Richard Ellis named #1 2009 non-bank U.S. Mortgage Originator
CB Richard Ellis Group, Inc (CBRE) was the No. 1 non-bank commercial mortgage finance firm in the U.S. in 2009, with $6.3 billion of loan origination activity, according to the Mortgage Bankers Association's (MBA) Commercial Real Estate/Multifamily Finance Firms - Annual Origination Rankings report.
CBRE's loan volume in 2009 was exceeded only by banks or direct mortgage originators. The MBA study is the only one of its kind to present origination volumes in more than 140 categories, including by role, by investor group, by property type, by financing structure type, and by the location of the originating office.
"Market conditions change but the commitment of CBRE professionals to deliver superior market insight and unrivaled transaction execution for our clients endures," said Brian Stoffers, president of CBRE Capital Markets, Debt & Equity Finance.
CB Richard Ellis was also listed as the #1 Freddie Mac Seller/Servicer in 2009, with an industry leading $2.643 billion in originations.
Swansea, MA EagleBridge Capital has arranged construction mortgage financing in the amount of $5.9 million for Phase One of Cedarbrook Homes. The mortgage was arranged by EagleBridge senior director Brian Walsh and principal Ted Sidel who stated that the loan was provided by a leading national lender.
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.
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
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.
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