Smith joins Arbor Commercial Mortgage, LLC as director in the Boston office
Arbor Commercial Mortgage, LLC has appointed Trevor Smith as director in the company's local office. Smith is responsible for originating loans under all of Arbor's multifamily and commercial product lines, including Fannie Mae, FHA and Bridge. Smith reports to Ken Fazio, senior vice president, national production manager.
Prior to joining Arbor, Smith served as senior financial analyst and team leader of the multifamily lending group at Key Bank Estate Capital, during which time he originated Fannie Mae, Freddie Mac and FHA financing and was also responsible for managing the workflow of the Eastern Region and National Accounts analyst pool, assigning deals, reviewing deal packages prior to submission to investors and maintaining quality control. Previous to that role, Mr. Smith was a Financial Analyst in the Commercial Mortgage Group at Key Bank Real Estate Capital.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
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.
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