NorthEast Community Bank closes $2.572m in loans for 6 properties
NorthEast Community Bank has recently closed $2,572,220 in loans consisting of several transactions:
Mortgage Network arranged the following transaction:
*$295,000 in refinance money for a mortgage secured by a three-story multi-family building
Bedford Lending arranged the following transaction:
*$920,000 in refinance money for a mortgage secured by a rehabbed three-story wood-framed 14 unit multi-family building in Deerfield, N.H.
Eaton Partners arranged the following transaction:
*$340,000 in purchase money for a mortgage secured by a 9 unit three-story multi-family building located in Manchester, N.H.
NorthEast Community Bank completed the following transactions:
*$287,200 in refinance money for a mortgage secured by a three-story multi-family building located in Raymond, N.H.
*$250,000 line of credit on a three-story brick mixed-use building consisting of 18 apartments and three commercial units.
*$480,000 in refinance money for a mortgage secured by a 3,600 s/f stand-alone commercial building.
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
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.
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.
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
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