Financial Digest
Real estate as cash machine: Not so clear now - by Daniel Calano
When you need money, you go to the bank cash machine, leave the car running, type in your pin, get how many hundreds or thousands you need. If you need more you go into the bank, refinance your home mortgage, or pile on a second mortgage or HELOC.
Current events: Complicated, not confusing - David Kirk
The Federal Open Markets Committee (FOMC) raised interbank guidance rate. Now at 4.5% after six rate increases, four of which were big increases, with puffy clouds in the skies, rippling in the ponds and whispering headwinds.
Opportunity after the unsuccessful exchange - by Kyle Kadish
Like-kind exchanges have been occurring in some form or fashion for over 100 years. More recently codified as a 1031 exchange, real estate investors continue to actively defer taxes when selling investment property and replacing it with other property.
Cornerstone Realty Capital arranges $10.4 million in financing for Nubian Sq. development
Boston, MA Cornerstone Realty Capital has arranged $10.4 million in financing for the construction of a mixed-use residential condominium development in the Nubian Sq. neighborhood of the city. The project will feature a six-story mixed-use condominium building with 30 residential condos, two retail condos, and five garageWashington Trust provides $1.4 million to DCR Anderson WAG, LLC
Waterbury, CT Washington Trust’s Commercial Real Estate Group provided $1.4 million in permanent financing to DCR Anderson WAG, LLC for a 40,940 s/f parcel improved with a 2,053 s/f Taco Bell. The subject site is located adjacent to I-84 with traffic counts that exceed 92,200 vehicles per day,