Elizabeth Phelan 2011

Name: Elizabeth Phelan Title: Chair, Massachusetts Mortgage Bankers Association Company: Enterprise Bank & Trust Location: 222 Merrimack St., Lowell MA 01852 Birthplace: Danvers, Mass. Family: Husband, Dan College: Boston College, BA in Psychology and Sociology First job outside of finance: Friendly's Restaurant, opening manager First job in finance or allied field: First Essex Bank, assistant vice president, residential lending What do you do now and what are you planning for the future? The economy is returning to traditional lending standards. Hence our role is to educate membership and provide them with the tools to stay the course and get back to the basics of lending. Hobbies: Gardening, skiing, entertaining, golf Favorite book: "The Big Short" by Michael Lewis Person you admire most (outside of family): Peter Milewski Keys to success: Believe in what you do, be as well prepared as possible. If you had to choose another vocation what would it be? Real estate or development

Tags: Finance

Reprint

Previous Story Next Story

Rockland Trust Foundation awards $50,000 grant to the Mark Stebbins Community Center

Manchester, NH The Rockland Trust Foundation has awarded a $50,000 grant to the Mark Stebbins Community Center (MSCC) in support of the new Mark Stebbins Community Center facility on the city’s West Side. The 20,000 s/f multi-service facility, opening on September 9th, will bring healthcare, youth programming, food access, and family support services together under one roof, creating a centralized hub for children and families in one of the city’s most underserved neighborhoods.

JLL arranges $13.5m sale and financing of 96-room Residence Inn

M&T Realty Capital Corp. closes $31.9 million bridge financing for Estelle New Haven

MassDevelopment, Nuveen Green Capital, and Millennium Partners finalize $281m financing for Millennium Residences

Mark your calendar: RE&FA’s biggest fall events are coming

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Sweeney R.E. & Appraisal sells 11,638 s/f office for $4.2 million

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

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.

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.

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