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Finance
Posted: December 11, 2008
Spiegel of NE Moves Mortgage arranges $10m financing for Granite Shopping Center
Sidney Spiegel, vice president of NE Moves Mortgage, commercial division, arranged a $10 million refinance loan for The Granite Shopping Center and The Atrium at the Quarry. The loan was funded by a major regional bank to provide long-term financing for the project.
The property is situated on Granite St. and is a 10 acre site consisting of 82,300 s/f of retail space and 39 residential condominiums ranging in size from 815 s/f to 1,800 s/f. The units contain appliances, gas fireplaces and have access to a fitness center.
The retail component is anchored by Family Dollar Store along with Luxe Fitness Clubs.
According to Spiegel, the borrowers were able to structure a very favorable loan structure with the lender to allow repayment flexibility over the next few years.
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Finance
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Columns and Thought Leadership
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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.
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.
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