Category: Finance

Kelly of CBRE secures $62 million in financing for Hedge Capital

Kelly of CBRE secures $62 million in financing for Hedge Capital

April 12, 2019
Boston, MA The CBRE Capital Markets team has secured $62 million in financing for the recapitalization of a 19-building apartment portfolio located in Boston and Lynn, Mass. The assets consist of well-managed workforce housing with a combination of both market-rate and affordable apartments.
Worth Avenue Capital, LLC closes $275,000 loan to a CT-based developer

Worth Avenue Capital, LLC closes $275,000 loan to a CT-based developer

April 12, 2019
Manchester, CT Worth Avenue Capital, LLC (WAC) closed a $275,000 loan to a CT- based real estate developer. The loan proceeds will be used to begin to develop a large piece of commercial real estate.
Hunt Capital Holdings acquires Peak 8 Asset Management

Hunt Capital Holdings acquires Peak 8 Asset Management

April 12, 2019
Greenwich, CT Hunt Capital Holdings has acquired Peak 8 Asset Management. Peak 8’s investment professionals, including its president, David Moran, will remain employed by the firm. 
Real Estate Finance Association names 2019 annual gala honoree: Davis of The Davis Cos.

Real Estate Finance Association names 2019 annual gala honoree: Davis of The Davis Cos.

April 12, 2019
Boston, MA The Real Estate Finance Association (REFA) has named Jonathan Davis, founder and CEO of The Davis Companies, as the 2019 annual REFA gala honoree. As the 31st recipient of the Swain Award, Davis joins a list of award honorees, all of whom have made outstanding contributions to the Greater Boston community
Appraisal modernization? Is this the future? Is this evolution, revolution, or regression? - by Bill Pastuszek

Appraisal modernization? Is this the future? Is this evolution, revolution, or regression? - by Bill...

April 12, 2019
Appraisal modernization? Is this the future of appraisal? Is this evolution, revolution, or regression? The March 2019 Fannie Mae Newsletter (https://www.fanniemae.com/content/news/current-appraiser-newsletter.pdf) raises some truly revolutionary (to some) points. See the following Q&As.
Watching and managing debt: We’re paying close attention - by Kirk and Pelletier

Watching and managing debt: We’re paying close attention - by Kirk and Pelletier

April 12, 2019
First quarter securities market has been resilient, albeit temperamental. The fixed income market has fluctuated if not gyrated with movements in treasuries sending mixed signals. Further, a partial and sporadic inverted yield curve on government securities has been recorded irregularly during the quarte
Appraisal clients and the appraisal report - by Steven Spangle

Appraisal clients and the appraisal report - by Steven Spangle

April 12, 2019
An appraiser has an obligation under the Uniform Standards of Professional Appraisal Practices (USPAP) to prepare an appraisal report that is not misleading and which contains sufficient information to enable the client and any intended users of the appraisal to understand the report properly.
Factors to consider for life science building conversions - by Thomas Jensen

Factors to consider for life science building conversions - by Thomas Jensen

April 12, 2019
As the global biotech industry continues to mature and grow, the levels of demand for lab space in metros like Boston have far out-stripped the available supply for some time now. This is true especially in key life science clusters like Kendall Sq. in Cambridge.
Company of the Month: Zaxia provides solution for lenders struggling to excel in demanding lending environment

Company of the Month: Zaxia provides solution for lenders struggling to excel in demanding lending e...

April 12, 2019
Cambridge, MA After the financial recession/crisis of 2008, the landscape for commercial lenders changed very dramatically. First, the compliance environment changed quite significantly.
Cycle strategies: What to do for the short and longer-term - by David Levy

Cycle strategies: What to do for the short and longer-term - by David Levy

April 12, 2019
In my early March article entitled, “Navigating Real Estate Cycles – Are We in a 7th Inning Stretch?” I indicated that the two most influential and potentially disruptive forces to this current market cycle were U.S. trade tensions and Fed actions.
Crowd sourcing: Can it influence real estate? - by Daniel Calano

Crowd sourcing: Can it influence real estate? - by Daniel Calano

April 12, 2019
Do you know what an “influencer” is? In short, it’s a person or a bunch of people who have an opinion that influences other people, whether the opinion is correct, well informed, or even slightly on point.
Goal for 2019: Engage with local colleges and universities - by Greg Curtis

Goal for 2019: Engage with local colleges and universities - by Greg Curtis

April 12, 2019
One of the goals in 2019 for the Massachusetts and Rhode Island Chapter of the Appraisal Institute is to engage with local colleges and universities to introduce students to a career in real estate appraisal. To that end, the chapter through its Hewitt Scholarship Fund,