 (1).gif)
News:
Finance
Posted: September 12, 2007
Q10|New England Realty Resources places $12.25m financing on plaza
According to James Murphy, of Q10| New England Realty Resources, financing has recently been placed on a grocery anchored retail property.
Q10| New England Realty Resources represented the borrower in securing $12.25 million in permanent financing for Merrimac Plaza, a 164,000 s/f, multi-tenant shopping plaza, located on Haverhill St. Among the tenants are Market Basket, Brooks Pharmacy, A.J. Wright, and Dollar Tree.
The 10-year fixed rate loan included 5 years of interest only.
NERR worked with Citigroup to fund this loan on time and at the agreed upon spread, despite major upheavals in the credit markets during the closing phase.
Tags:
Finance
MORE FROM Finance
Walsh and Sidel of EagleBridge Capital arrange $5.9 million construction mortgage financing for Cedarbrook Homes
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.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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.
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
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
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.
