Name: David A. Zamary
Title: First VP & Acting President, Connecticut Mortgage Bankers Assn.
Company: First County Bank
Location: 100 Prospect Street, Stamford, CT
Place of Birth and Year: Bridgeport, CT – 1957
Family: wife; Debra, daughters; Taryn, Jenna
College: Fairfield University – BA Economics; MBA in Finance – U of New Haven
First Job in Finance or Allied Field: Mechanics & Farmers Bank – Mgmt. Trainee
What do you do now and what are you planning for the future: As acting pres., promote the welfare of mortgage banking – tougher process – went from loosey goosey to real tight process. Also have a lot of educational seminars at CMBA
Hobbies: Bike ride; speed walk; spend time outdoors
Favorite Book: “Lord of the Flies” by William Golding
Favorite Movie: “Scarface”
Person you most emulate (outside of family): John F. Kennedy
Key to success (one idea): Be honest, know the business; provide good follow up; be conscientious
If you were forced to choose another vocation what would it be?: Psychologist or psychiatrist – work with people
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.
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
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.
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