News: Finance

Orloff named vice president / commercial real estate relationship manager for Radius Bank

Radius Bank, a full-service bank with offices in Mass. and N.Y., has hired a seasoned banking professional to its commercial banking team. Debbie Orloff was named vice president / commercial real estate relationship manager for Radius Bank. She will be responsible for cultivating new commercial real estate business for the bank in the New England region. Orloff comes to Radius with over 25 years of experience in various commercial real estate lending and commercial real estate mortgage banker roles with national financial institutions including Chase Bank (Chemical Bank), John Hancock Real Estate Investment Group, GE Capital, Northmarq Capital and, most recently, in the Boston area with Cornerstone Realty Capital. Orloff has completed over $2 billion in commercial real estate financial transactions of all types and sizes throughout New England and across the US. Orloff is a graduate of Georgetown University and holds a master's degree from Johns Hopkins University in International Economics & Development Studies. "We are pleased to welcome Debbie to our Commercial Lending team," said Michael Butler, president and CEO of Radius Bank. "She brings a wealth of commercial real estate and mortgage banking experience with her to this role, and we look forward to her contributions as the Bank continues its profitable growth." Radius Bank is actively lending to qualified businesses. With assets of more than $702 million, Radius Bank is a community bank offering a full complement of business and personal products and services. The bank serves consumers, small and middle market businesses, unions, and government entities as its core clients. The bank offers anytime/anywhere banking via mobile device, 24-hour ATM service, and remote deposit capture, provides additional services such as treasury management capabilities, and partners with organizations including mobile payments leader LevelUp and student loan debt reduction company SmarterBucks. Customers can readily access traditional, personalized branch banking at banking centers located in Massachusetts and New York. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.
Tags: 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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

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.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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