According to James Murphy, CMB, chairman of Q10|Capital and Q10|New England Realty Resources, leading national commercial mortgage banking firms, Q10|Capital, iCap Realty Advisors and Professional Mortgage are merging and will operate as members of Q10|Capital. This announcement was officially made at the Mortgage Banker's Association Commercial Real Estate Finance convention which took place in San Diego, Calif. in February.
Q10|Capital is now one of the leading mortgage banking servicer of loans in the U.S. and has 18 member firms with offices in 27 markets across the U.S.
Over the past three years, these firms have collectively placed over $15 billion in new loans and currently service a loan portfolio in excess of $20 billion. Q10|Capital is headquartered in Nashville, Tenn. and overseen by a managing board of directors made up of representatives from each member firm.
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.
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
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.
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