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
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
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 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.
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