NorthEast Community Bank (NECB) sponsored an appreciation dinner for brokers, third party vendors and attorneys on Thursday, March 27th at the Fuji II Steakhouse. The evening began with a cocktail reception followed by chefs preparing a variety of stir-fry meals on cook-tops in front of the guests.
The dinner was an opportunity for the bank's staff to thank those who are instrumental in the recruitment and closing of loans as well as an opportunity to discuss new loan programs.
NECB is headquartered in White Plains, N.Y. and operates a loan production office in Wellesley, Mass. Founded in 1934, NECB is a multi-family and commercial lender.
Swansea, MA EagleBridge Capital has arranged construction mortgage financing in the amount of $5.9 million for Phase One of Cedarbrook Homes. The mortgage was arranged by EagleBridge senior director Brian Walsh and principal Ted Sidel who stated that the loan was provided by a leading national lender.
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
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.
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.
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