 (1).gif)
News:
Finance
Posted: July 10, 2014
Conquest Capital Partners closes $3.778 million loan for Diamond Builders project
Conquest Capital Partners recently closed the largest loan in its 4 year lending history with luxury home builder, Diamond Builders. The deal was inked back in May for the 6 lot subdivision right off of Bay Rd. Dmitry Deych of Diamond Builders agreed to purchase the land from a local developer. Conquest and Diamond worked out the terms of the deal in late May and commenced on the transaction June 23.
The subdivision will be comprised of six custom homes priced at $1 million plus. These custom homes will be marketed by Vladir Frenkel of Remax. This is the 3rd transaction that Diamond and Conquest have linked up on. The first were also new construction in Canton and Sharon totaling more than $3.7 million in real estate sale value.
Ryan Gadles, Conquest's founder was responsible for the loan origination.
Tags:
Finance
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
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.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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.
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
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
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.
