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Finance
Posted: December 13, 2007
NorthEast Community Bank closes on $3.455 million in loans
NorthEast Community Bank (NECB) has recent closed $3.455 million in loans consisting of the following transactions:
Almar Realty, LLC arranged the following transaction:
*$975,000 in purchase money for a mortgage secured by a three-story apartment building in Malden, Mass.
1st New England Mortgage arranged the following transaction:
*The refinance of a $1.125 million mortgage secured by a six-story apartment building located in Boston.
NECB completed transactions consisting of the refinance of a three-story apartment building, located in Leominster, Mass. for $170,000 as well as a refinance of a mixed-use building located in Springfield, Mass. for $575,000. In addition, NECB offered financing for the refinance of a four-story apartment building located in Holyoke, Mass. for $610,000.
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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
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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.
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