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Finance
Posted: November 12, 2008
Natalizio of Cornerstone Realty arranges $2.8m acquisition financing
Paul Natalizio, principal of Cornerstone Realty Consultants LLC, arranged acquisition financing of $2.8 million for its client Kaluta LLC for the purchase of an existing multi-family property. Kaluta LLC is an affiliate of Brickpoint Properties, a real estate investment and management company which owns apartment, retail, and office properties throughout Greater Boston.
The 40 unit apartment building known as Bear Hill Manor is located at 45 North St. The property is situated near the intersection of Rte. 28 and I-95/128 providing tenants with easy access to commuting routes and area amenities.
Cornerstone was able to obtain its client an attractive rate for a 10 year term at the targeted leverage point.
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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.
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Quick Hits
Columns and Thought Leadership
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.
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.
