 (1).gif)
News:
Finance
Posted: November 8, 2019
Morrill joins Grand Coast Capital as loan originator
Boston, MA According to Grand Coast Capital Group, George Morrill has joined the team as loan originator. In this role, Morrill will utilize his many years of experience in the real estate industry to cultivate new business and better serve Grand Coast Capital’s clients and borrowers in the city market.
“George’s experience in the Boston market, coupled with his extensive knowledge of the commercial real estate finance industry and private lending sector, will position Grand Coast as a market leader in the greater Boston area,” said Jeff Carter, CEO and founder of Grand Coast Capital Group. “He has an impressive track record and we look forward to his added contributions.”
Morrill joins Grand Coast Capital Group with 20 years of commercial real estate finance experience, 12 years of which he spent as a private lender. Prior to his role at Grand Coast Capital, Morrill served as an associate with The Grossman Companies, Inc. where he was responsible for originating new lending opportunities and asset management for the First Boston Capital Partners real estate loan portfolio.
“I was attracted to Grand Coast Capital because it is a young, dynamic company that is growing its presence in the greater Boston market,” said Morrill. “I truly enjoy the private lending business and I am excited about the variety of products and flexibility I can provide to local real estate developers and investors.”
Tags:
Finance
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
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.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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.
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
