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Category: Finance
Looking at 2018 from the rear view mirror - by Rocco Quaresima
January 11, 2019
As we enter the new year filled with new (or some of the same old) resolutions, it is important that these resolutions do not go unfilled. Looking back as the outgoing 2018 president of the Connecticut Chapter of the Appraisal Institute, 2018 was filled with many successes and challenges.
Get ready for a 2019 reset for commercial real estate - by David Kirk
January 11, 2019
Capital sources for commercial real estate are generally flush if cautiously prepared to invest during 2019. How flush will be apparent in the forthcoming weeks as term sheets are exchanged on debt and equity commitments, and offers on properties and portfolios.
Fed rates: A determined game plan, unwinding or not? - by Daniel Calano
January 11, 2019
Between the time I started and finished this article, I changed my mind twice. Why? Because it’s about interest rates. You know what I mean…total uncertainty. Six months ago, I wrote about increases in interest rates, but noted that there were no onerous real estate impacts to that date.
Surprenant of Goedecke arranges $44m in financing for 121 First - People’s United Bank provides fi...
January 11, 2019
Cambridge, MA Urban Spaces, a Cambridge-based commercial real estate development company, has finalized $44 million in permanent financing from People’s United Bank for 121 First, a 60,000 s/f mixed-use office property fully pre-leased to CarGurus
Cornerstone Realty Capital arranges $14.3m for True North Capital Ptrs.
January 11, 2019
Braintree, MA Cornerstone Realty Capital has arranged $14.3 million in financing for True North Capital Partners for a 72-unit apartment complex. Paul Natalizio, president at Cornerstone led the financing for the property.
Worth Avenue Capital, LLC closes $125,000 loan to a Relais & Chateau branded hotel
January 11, 2019
Mystic, CT Worth Avenue Capital, LLC (WAC) closed a $125,000 loan to a Relais & Chateau branded boutique hotel. The hotel is an existing WAC borrower and this loan was completed as a follow-on transaction in which the loan proceeds were used by the borrower as a partial payment
Spiegel Associates arranges $4.305 million loan for office building purchase - funded by a regional ...
January 11, 2019
Jamaica Plain, MA Sidney Spiegel of Spiegel Associates arranged a $4.305 million loan for an office property. The loan was funded by a regional bank that saw the value of the property to the community. The property, located at 31 Heath St.
MassDevelopment issues a $1 million loan to Worcester Community Action Council, Inc. for Head Start ...
January 11, 2019
Webster, MA MassDevelopment has issued a $1 million loan to the Worcester Community Action Council, Inc. (WCAC), an agency that offers a wide range of education, employment, and social service programs throughout 45 communities in Central Mass.
Real Estate Finance Association selects 2019 board of directors - D'Amato named president
January 11, 2019
Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2019. Travis D’Amato, senior vice president and managing director, Walker & Dunlop, will serve as president along with president-elect Claudia Piper, senior vice president at Webster Bank.
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