News: Finance

Orloff of NorthMarq arranges $5 million mortgage financing for Bay Pointe Marina in Quincy, Mass.

Debbie Orloff, senior vice president of NorthMarq's Boston regional office, arranged mortgage financing of $5 million for Bay Pointe Marina. The loan was arranged for the owners by NorthMarq through its relationship with The Bank of New England. Bay Pointe Marina, located off Rte. 3A, is a first class 271 slip full service marina that offers seasonal boat slip rental with all hook-ups. The marina can accommodate even the largest yachts and is distinguished by its excellent condition and central location on Boston Harbor, on site winter boat storage and wrapping, an indoor repair facility, at dock gas station, and a new marina clubhouse with laundry amenities. In addition the marina is home to the Inn at Bay Pointe, one of the city's leading restaurants which has additional banquet facilities, outdoor decking, and boasts a well priced menu all at a picturesque location along the marina's waterfront. NorthMarq offers a full range of commercial real estate solutions across the country from its headquarters in Minneapolis, Minn. The NorthMarq Capital group offers commercial real estate investment banking, investment sales, real estate debt and equity financing, and commercial loan servicing in 32 offices coast-to-coast, averaging $10 billion in annual production volume and servicing a loan portfolio of more than $37 billion. NorthMarq Real Estate Services provides brokerage, property management and healthcare advisory services to investors and space users, and through its Corporate Solutions division, provides mid-size corporate users real estate services nationwide.
Tags: 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

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.
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

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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
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.