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Category: Finance
Appraisal regulation: A brief history - by William Pastuszek
March 8, 2024
With the issuance of a new edition of USPAP, after a four-year hiatus, this is a good time to review some aspects of appraisal history and appraisal regulation. According to The Appraisal Foundation website, The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards
Partial interest valuation of real estate - A case study - by Marc Nadeau
March 8, 2024
Partial interest valuation is a technique used by appraisers and other valuation professionals to estimate the value of a fractional interest in real estate. Fractional interests in real estate result from the owner’s ownership of less than 100% of a given property.
Historic preservation and springtime in Boston - by David Kirk
March 8, 2024
The commercial property market plugs forward and falls back as demand for traditional property types, office and retail predominantly, ripples and recedes in spite resilient economy. Lower water marks in occupancy are prevalent and persistent, particularly in the older inventory in the built environment in the central business district.
Berkson joins Savings Bank of Danbury as assistant vice president/community development manager
March 8, 2024
Danbury, CT According to Savings Bank of Danbury, Brian Berkson joined the bank as assistant vice president/community development manager. In his new role he will be responsible for maintaining, strengthening and onboarding relationships in the community.
Northmarq arranges $10.6m in
refinancings for two properties
March 8, 2024
Waterbury, CT Robert Ranieri, senior vice president/managing director of Northmarq’s Greater White Plains regional office arranged financing for two multifamily properties. The two properties, Scott Gardens Apartments and P.R. Scott Apartments, received refinancing totaling a combined $10.6 million.
North Easton Savings Bank names Samaras as business banking officer
March 8, 2024
Easton, MA North Easton Savings Bank has promoted Thomas Samaras Jr. to business banking officer. Samaras brings years of banking and relationship experience to the growing team of business bankers.
Brady Capital Advisors facilitated $11.42 million acquisition financing for Shorelight Real Estate a...
February 9, 2024
Fitchburg, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $11.42 million in acquisition financing for the Forest Ridge Apartments, a 90-unit, multifamily property located on 12.35 acres at 6 Mary Anna Dr. for a closing that took place on December 21, 2023.
WinnCompanies secures $69.1 million financing for 114-unit mixed-income community in Swampscott, MA...
February 9, 2024
Swampscott, MA WinnDevelopment, the development arm of WinnCompanies, has closed on financing for a 114-unit, mixed income, transit-oriented apartment community, keeping construction on track for completion and occupancy by the middle of 2025.
Wheelock Street Capital and Camber Development receive $57 million loan for 800 Salem St. - arranged...
February 9, 2024
Wilmington, MA JLL Capital Markets has arranged $57 million in construction financing for 800 Salem St., an industrial logistics development totaling 237,800 s/f. The project is fully entitled with site work complete, vertical construction underway and an anticipated delivery in Q3 2024.
18-unit condo complex in Conn. funded with construction loan from Worth Avenue Capital
February 9, 2024
Montville, CT Worth Avenue Capital, LLC (WAC) has closed a $1.5 million construction loan to a Connecticut-based real estate developer. The loan proceeds are being used towards the construction of an 18-unit condominium complex.
Barings provides $84m refinancing
to Hotel Commonwealth in Boston
February 9, 2024
Boston, MA Barings has provided an $84 million loan to refinance the existing loan on Hotel Commonwealth. JLL advised the sponsorship on the financing from Barings. Located at 500 Commonwealth Ave., situated in Kenmore Sq., adjacent to Boston University’s campus and Fenway Park,
Bianchi joins MountainOne Bank as assistant vice president, community mortgage lending specialist
February 9, 2024
North Adams, MA According to MountainOne Bank, Jason Bianchi has joined the residential lending team as assistant vice president, community mortgage lending specialist. Reporting directly to the head of residential lending, Bianchi will work out of the Berkshires, and serve as a member of the bank’s Community Reinvestment Act (CRA) committee.
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