Hamel of Salem Five Mortgage Company honored by MassHousing

According to Salem Five Mortgage Company, Penny Hamel, vice president and senior loan officer, has received the MassHousing Originator of Mortgages achievement award. This inaugural award recognizes the loan originator that closes the most loans by volume using the MassHousing program. MassHousing is a not-for-profit public agency that provides financing for affordable housing in Massachusetts. The benefits of a MassHousing loan include affordable, fixed interest rates, 30-year repayment terms and mortgage payment protection, which provides payment assistance to homeowners in the event that they become unemployed. "Penny truly enjoys helping people purchase their first home and works with them every step of the way to help make their dreams come true," said Ed McDonald, president of Salem Five Mortgage. "We are so proud of Penny for her commitment to her clients and recognition for helping first time home buyers." Hamel has been a member of the Westford Rotary Club for 25 years and is involved with the education organization Up With People. Hamel is the chair of the revenue committee for the Greater Lowell Chapter of Habitat for Humanity and supports the group's fundraising efforts.

Tags: Finance

Reprint

Previous Story Next Story

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.

C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties

C-Lounge Capital provides $18m equity for $40m acquisition

Funding your project: Available, but expensive, in many ways - by Daniel Calano

Spring at RE&FA: Industry insights, discussions & events

For Global Accessibility Awareness Day, Beacon Bank announces free support for visually impaired users at all branches

Beacon Bank offers free support for visually impaired users at all branches

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Blue Monkey Beverage leases 4,000 s/f at Cummings Properties' 18 Commerce Way

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

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.