Rudnick joins Citi Comm'l Business as VP and loan officer
Citi's Commercial Business Group has appointment Robert Rudnick as vice president and senior loan officer for its commercial real estate finance loan production office within the commercial business group's Boston location.
Rudnick joins Citi from Boston Private Bank & Trust Company to support the commercial business group's real-estate lending efforts within the growing Boston marketplace. He brings more than 15 years of commercial real estate lending experience to the firm. Citi provides permanent loans on income producing properties, both multifamily and commercial, using fixed and variable-rate loan programs.
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
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.