 (1).gif)
News:
Finance
Posted: July 11, 2025
Marcus & Millichap arranges $18.7m
financing for three multifamily properties
Worcester, MA Marcus & Millichap Capital Corp. (MMCC) arranged $18.65 million in financing for three multifamily properties located in Worcester, Framingham and Waltham.
Robert Damigella, managing director in MMCC’s Boston office, secured the financing on behalf of three private clients.
The first loan, for Heywood Apartments in Worcester, features a fully amortizing 30-year term loan with a 6.5% interest rate and 70% loan-to-value. Heywood Apartments consists of 31 two-bedroom units.
Eames Apartments, located in Framingham, features a fully amortizing 30-year term loan with a 6.5% interest rate. Eames Apartments consists of 36 two-bedroom units.
Summer Street Apartments in Waltham, features a 10-year term loan with a 6.5% interest rate and a 30-year amortization period, and a 65% loan-to-value. Summer Street Apartments features a mix of 29 studio to two-bedroom units.
Tags:
Finance
MORE FROM Finance
MassDevelopment issues $9m in tax-exempt bonds to Harbor Health Services Inc.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
 (1).gif)
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.
