 (1).gif)
News:
Finance
Posted: May 7, 2008
Recap Advisors tops $2 billion in assets
According to Recap Advisors, LLC, a multifamily firm that is the financial services division of Consolidated American Services, announced today that with its most recent expansion of activity, the company's loan assets under management has topped $2 billion. Â
The newest assets are condominium loans located throughout the country. Recap's proven expertise in recapitalizing existing properties via its Recap Workout Group and its affiliation with Riverstone Residential, make the company a natural choice for capital providers seeking to protect their positions in this complex asset class.
In the coming weeks and months, Recap expects to take on other large complex asset portfolios based on discussions now in process with several national financial institutions.
Tags:
Finance
MORE FROM Finance
Project of the Month: DeLucia and De Lise completing a $10m investment at 967 Elm St. in Manchester NH known as Rendezvous on Elm
Manchester, NH Most multifamily renovations start with a standard stack: a few floor plans that are copy/pasted up multiple floors. Rendezvous on Elm began somewhere else entirely. 27 residences, 27 different floor plans, and a $10 million project built around the idea that a boutique building should feel boutique, from each angle and for every resident.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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.
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.
