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Finance
Posted: February 12, 2015
Larew Doyle & Associates arranges $6m financing
Alan Doyle, principal of Larew Doyle & Associates (LD&A)Providence office secured $6 million in acquisition financing on a 92,000 s/f two story office building located on West Oakland Park Blvd. The 10 year fixed rate non-recourse financing was placed with one of LD&A's correspondent life insurance companies which provided a commitment within 1 week of loan application and funded the loan well within the Purchase & Sale contract's time frame. The lender was very understanding of and responsive to the buyer's timing requirements.
The building is well leased, features an expansive and lushly landscaped central atrium and is situated along a major east-west thoroughfare within close proximity to the Sawgrass Expressway and Florida's Turnpike.
Larew Doyle & Associates is a regional mortgage and equity brokerage firm with offices in New York City, Providence RI and Syracuse NY. Specializing in debt and equity originations, LD&A's founding partners bring with them years of Money Center Banking and Insurance Company CRE investment expertise.
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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.
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
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.
