Name: Jaclynn Sulfaro
Title: President, Massachusetts Mortgage Association
Company: Constitution Financial Group
Location: 92 High St., Medford, MA 02155
Birthplace: Stoneham, Mass.
Family: Husband, Anthony; 3 daughters: Kelli, Laurie, Krista
First job outside of finance: Co-owned Total Comfit Systems
First job in finance or allied field: Cornerstone Mortgage Company data entry
What do you do now and what are you planning for the future? As president of MMA I plan to help mortgage brokers unite. Those left in the industry are its backbone. They need to be kept informed, offer continuing education, keep them in compliance. I also plan to increase membership and have MMA interact with other groups, i.e., wholesale, investors, brokers, commercial realtors, credit groups and others.
Hobbies: Golf, reading, staying active
Favorite book: Mysteries in general
Person you admire most (outside of family): Denise Leonard
Key to success: Keep a good attitude
If you had to choose another vocation what would it be? Construction management or interior design
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.
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
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 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.