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Finance
Posted: February 12, 2009
Meridian Capital arranged $5.437 million loan for Boulevard Sq. Apartments
Meridian Capital Group recently arranged a loan in the amount of $5.437 million for the purchase of an 80 unit apartment building called Boulevard Sq. Apartments. The property contains 80 units and 85,000 s/f.
Avner Avesar and Noam Kaminetzky of Meridian's Florida office negotiated on behalf of the borrower to secure a 10 year fixed non-recourse loan at a rate of 6.27%.
The buyer and seller in this transaction could not be disclosed.
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Finance
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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.
