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Finance
Posted: October 9, 2008
Hegenbart of NorthMarq Capital arranges $20 million for FFMS Lincoln North, LLC
Joseph Hegenbart, managing director of NorthMarq's Boston regional office, arranged mortgage financing of $20 million for Lincoln North, located at 55 Old Bedford Rd. The loan was arranged for the borrower, FFMS Lincoln North, LLC, by NorthMarq through its correspondent relationship with John Hancock Life Insurance Company.
Lincoln North is a three-story, class A office building which contains 128,163 s/f. Constructed in 1989, it is currently 100% leased to multiple tenants. The building is situated on 9.71 acres and offers ample parking for 384 vehicles. The property is conveniently located and easily accessible via I-95, which is located three miles to the west; and the Mass. Tpke., which is located 10 miles to the south. Cranberry Hill Associates is responsible for property management and leasing for the property.
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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.
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
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.
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