 (1).gif)
News:
Finance
Posted: March 11, 2009
Sidel and Sheehan of EagleBridge Capital arrange $1.5 million financing
EagleBridge Capital has arranged permanent mortgage financing in the amount of $1.5 million for 340-346 Vanderbilt Ave.
The mortgage financing was arranged by EagleBridge principals Ted Sidel and Brian Sheehan who said that the loan was provided by regional financial institution.
340-346 Vanderbilt Ave. is located in the Park Place Industrial Park. The building is a 65,240 s/f multi-tenant industrial building. Exterior walls are made of architectural block. The building features 14 loading docks.
340-346 Vanderbilt Ave. is 100% leased to a diverse group of companies. Tenants include Atlantic Technology; Prize Possessions; Tricorp Amusements; Hill-Rolm; Crown Clothing; and Takara Belmont. In addition, there is a tower on the site leased to several major cell phone companies.
Sidel and Sheehan said, "We are pleased that EagleBridge was able to structure long term non-recourse financing at a very attractive rate."
Tags:
Finance
MORE FROM Finance
Funding your project: Available, but expensive, in many ways - by Daniel Calano
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
 (1).gif)
Columns and Thought Leadership
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.
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
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.
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
