Paul Gardaphe, president & COO of iCap Realty Advisors, recently achieved the Certified Mortgage Banker designation (CMB) awarded by the Mortgage Bankers Association (MBA). With only 1,000 individuals currently holding CMB designations, it is one of the highest professional designations for the real estate finance industry.
In addition to holding his CMB, Paul Gardaphe received his CCIM designation in 2006 and has over 20 years of experience in the commercial real estate finance industry. As president of iCap, Gardaphe is responsible for overseeing iCap's corporate operations.
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
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.
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