 (1).gif)
News:
Finance
Posted: July 14, 2017
Doyle of Larew Doyle & Associates arranges $23.6 million financing
Doyle & Associates
Warwick, RI Alan Doyle, principal of Larew Doyle & Associates, arranged $23.6 million in construction/mini-perm and historic tax credit bridge financing for the redevelopment of Pontiac Mills, a 250,000 s/f multi-building mill constructed in 1863 by a textile manufacturer known for fine cotton fabrics marketed under the “Fruit of the Loom” trademark.
Designed for 131 loft style apartments and 45,000 s/f of commercial space, this unique redevelopment overlooks the Pawtuxet River and is located close to the Warwick Mall, Rte. 2, I-95 and the TF Green airport.
The first phase of this two-phased development will be completed in the first quarter 2018. The developer is Union Mill, LLC, an experienced mixed-use mill developer. The construction and historic tax credit bridge financing is being provided by the Washington Trust Company.
Larew Doyle & Associates, Inc. is a regional commercial real estate financing advisor with offices in Providence, RI, New York City and Syracuse, NY. Experienced institutional investment managers, our seasoned group of professionals provide unparalleled access and client representation to regional and national real estate debt and equity capital markets.
Tags:
Finance
MORE FROM Finance
Walsh and Sidel of EagleBridge Capital arrange $5.9 million construction mortgage financing for Cedarbrook Homes
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.
 (1).gif)
Columns and Thought Leadership
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
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
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.
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.
