Sidel and Sheehan of Eaglebridge Capital arrange $940,000 financing
EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $940,000 for 183 Strathmore Rd.
The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who stated that the loan was provided by a leading Massachusetts financial institution.
Sheehan and Sidel said, "We are pleased to have been able to respond to our client's needs within a rapid time frame by arranging 80% long term fixed rate mortgage financing with a thirty year amortization and an initial rate under 4%."
183 Strathmore Rd. is a recently renovated three story brick apartment building located in the Cleveland Circle area. Each floor contains a 1,750 s/f apartment. Each apartment has four bedrooms and two baths. Stores, restaurants, transportation, and schools are within easy walking distance.
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings, shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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.
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
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.
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