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Finance
Posted: January 9, 2008
Gomberg Lending funds $1.872m refinancing for 6-building complex
Gomberg Lending LLC is has funded a $1.872 million cash-out refinance loan for the Three Rivers Apartments. The subject property is a 6-building complex containing 47 apartments.
The loan included a $256,000 repair/modernation holdback which enabled the loan to close with significant deferred maintenance. The loan is fixed for ten years at a interest rate of 7.14%, and amortized over thirty years.
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
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Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
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