Eaton Ptrs. hires Gloekler to specialize in problem and specialty loans
According to Eaton Partners, a commercial real estate consulting, financing and property management firm, Larry Gloekler has joined the company. Gloekler will serve clients with innovative financing solutions and strong financial structure and sourcing skills, particularly for problem and specialty loans and owner-occupied commercial and industrial real estate.
Gloekler brings over 30 years of financial services knowledge to Eaton Partners, including experience as a CFO and treasurer in the healthcare and insurance industries, and expertise in commercial and corporate banking and lending.
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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
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
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.