 (1).gif)
News:
Finance
Posted: November 19, 2007
Fish of Ashworth places $3 million financing for Bank of America
Ashworth Mortgage Corp. has recently placed permanent fixed rate financing with a CMBS lender in the amount of $3 million for various lease and ground lease buyouts for a parcel on which is to be built a Bank of America banking office.
The parcel is located on the eastbound side of Rte. 1 and formerly housed a Bickford's. The bank will be fully responsible for the plans and construction of the building.
When asked to comment, Fish who secured, placed, negotiated and closed the loan, said, "This was a relatively simple loan to understand but placed during very complicated lending times. We were pleased that despite market turbulence, our lender was committed to the transaction and worked diligently to the funding."
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)
Columns and Thought Leadership
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
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.
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.
