Financial Digest

Your lender can wipe out your equity in one move: Before loss owners need the right contract terms

You buy a property and the lender imposes heavy insurance requirements on you. That's ok, they care as much about the property as we do, you...

Internal Revenue Code §1031 exchange: Closing costs and "allowable" exchange expenses

A frequently asked question is: "What items can be deducted from the exchange proceeds of an exchange transaction without resulting in a tax...

How tax credits can help preserve historic property and promote smarter development

The adaptive reuse of an existing building eliminates the need for ground-up construction, but can still involve substantial costs, particul...

Wagner and Hosmer of Cushman & Wakefield arrange $116 million in acquisition financing

According to Cushman & Wakefield, $116 million in acquisition financing has been arranged for 10 Post Office Sq., an office property situate...

BayCoast Bank opens Providence loan office; Offers commercial lending

BayCoast Bank has officially come to the city, with the opening of a new loan office at 10 Dorrance St., dedicated to commercial lending. Th...

CBRE/NE's Juszczyszyn, Febres-Mazzei, Coutts and Shepard finance $12 million

CBRE/New England's Debt & Structured Finance team secured construction financing for the Fairfield Inn & Suites by Marriott, located at 867 ...

Wittman and King of HFF secure $56.5 million in permanent financing

HFF has arranged $56.5 million in permanent financing for the Residence Inn Boston/Back Bay Fenway, a newly-built, 175-key, extended stay ho...

NorthMarq Capital arranges two loans totaling $7.537 million

NorthMarq Capital has financed the following two area deals totaling $7.537 million. In the first deal, Ed Riekstins, senior VP of NorthMarq...

MacNeil, Adlerstein and Simpson of Meridian Capital Group, LLC handle $16.2 million financing for the Bentley Commons at Keene senior living facility

Meridian Capital Group, LLC arranged $16.2 million in CMBS financing for the Bentley Commons at Keene senior living facility on behalf of Pa...

Marcone of Marcone Capital, Inc. arranges $24 million financing of Dedham Place

Mike Marcone of Marcone Capital, Inc. has arranged the $24 million financing of Dedham Place, a class A, 160,911 s/f office building located...