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Finance
Posted: October 12, 2018
New York Life Real Estate Investors places $96 million for The Merc
Waltham, MA New York Life Real Estate Investors, on behalf of New York Life Insurance Company, completed $96 million financing of The Merc at Moody & Main, a 269 unit, class A residential property. This 12 year fixed rate loan is secured by a newly constructed multifamily complex with street level retail anchored by Roche Brothers’ Brothers Marketplace in downtown.
“The Merc is an exceptional transit oriented project developed by Northland Investment Corp. that is located steps away from the Waltham commuter rail station and close to shops, restaurants, and museums along Moody St.,” said Eric Becher, head of New York Life Real Estate Investors’ Northeast regional office. “In addition, we are pleased to establish a new relationship with Northland Investment Corp., an experienced and leading real estate investment company headquartered in Massachusetts.”
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Finance
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Quick Hits
Columns and Thought Leadership
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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.
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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.
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