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Finance
Posted: January 7, 2009
Jasie of Pioneer Financial Group closes $1 million construction loan
Pioneer Financial Group, LLC recently placed construction financing in the amount of $1 million on behalf of Modernova Development LLC. Managing member Sean Jasie worked with the borrower in securing the loan.
Pioneer Financial Group worked with a regional private lender in securing the $1 million loan. The borrower purchased the land last year for $200,000. The closing took approximately 21 days to complete from request to funding.
The new building will be one story with underground parking. It will offer 5,000 s/f of retail space. Tenants for the space have already been secured and the city of Boston is very excited about the project.
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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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