Category: Finance

M&T Realty appoints Newton as managing director

M&T Realty appoints Newton as managing director

May 10, 2024
Boston, MA M&T Realty Capital Corporation has appointed Matt Newton as managing director. Newton joins the production team and will handle nationwide loan origination using various capital sources, including agency, FHA, life companies, debt funds, and M&T Bank capabilities.
Colliers arranges $52.75 million in financing for <br>Oliver Street Capital and Bain Capital Real Estate

Colliers arranges $52.75 million in financing for
Oliver Street Capital and Bain Capital Real Es...

May 10, 2024
Peabody, MA Colliers has arranged the $52.75 million refinancing of 140 Summit St., a headquarters warehouse and distribution facility in Centennial Park. The Colliers team, led by executive vice president John Broderick and vice president Patrick Boyle, worked on behalf of their client Oliver Street Capital and Bain Capital Real Estate
News from Fannie, Freddie and USPAP - by Bill Pastuszek

News from Fannie, Freddie and USPAP - by Bill Pastuszek

May 10, 2024
For residential appraisers: the GSEs continue to publish guidance for residential appraisal practice. Here are some recent excerpts. Fannie Mae - Reconsideration of Value Guidance (Selling Guide Issuance, May 1, 2024, effective August 1, 2024).
Appraisal Career Foundations: The joys of real estate appraisal - by Arnold Grant

Appraisal Career Foundations: The joys of real estate appraisal - by Arnold Grant

May 10, 2024
At times it is challenging to coax an individual to consider becoming a real estate appraiser. Potential candidates without appraisal experience may be reluctant to enter a new field of study. Yet attracting new people can revitalize an appraisal firm. Appraisal offers an entry into the realm of commercial real estate opportunities.
Rates and dates - The Fed likely to hold off - by David Kirk

Rates and dates - The Fed likely to hold off - by David Kirk

May 10, 2024
After the Wednesday May 1st Federal Open Market Committee (FOMC) meeting chairman Powell delivered what was characterized as a dovish announcement. Some pundits called this one the first dovish announcements by chairman Powell, for that matter, also any of the members serving on the FOMC under his leadership.
What will interest rates be? Not your father’s loan package - by Daniel Calano

What will interest rates be? Not your father’s loan package - by Daniel Calano

May 10, 2024
>Back in the good old days, and I do mean old, real estate planning was relatively simple: The key metric was location, location, location, later improved by timing, timing, timing. Yes, there was a nod to supply/demand analysis, and thus competition, but the data was not as available as you needed.
MassDevelopment issues $11m tax-exempt bond on behalf of The Wheeler School - Berkshire Bank purchases bond

MassDevelopment issues $11m tax-exempt bond on behalf of The Wheeler School - Berkshire Bank purchas...

May 10, 2024
Seekonk, MA MassDevelopment has issued an $11 million tax-exempt bond on behalf of The Wheeler School, an independent coeducational college preparatory day school, which will use proceeds to fund several capital projects at its campus at 357 Walker St.
Rockland Trust secures $5.1 million financing for <br>Boston Pinnacle Properties

Rockland Trust secures $5.1 million financing for
Boston Pinnacle Properties

April 12, 2024
Boston, MA Boston Pinnacle Properties secures $5.1 million in financing from Rockland Trust for a 145-year-old building on Franklin St. as part of the city’s Downtown Residential Conversion Incentive Program. This will be the first project to secure funding since the Boston Planning and Development
MassDev. issues $39.9m tax-exempt bond to 32 Marion Apts. LLC - Eastern Bank and Rockland Trust purchase bond

MassDev. issues $39.9m tax-exempt bond to 32 Marion Apts. LLC - Eastern Bank and Rockland Trust purc...

April 12, 2024
Brookline, MA MassDevelopment has issued a $39.9 million tax-exempt bond on behalf of 32 Marion Apartments LLC, an affiliate of Brookline Housing Authority, which will use proceeds to build 115 units of affordable housing for seniors and individuals with disabilities in the Coolidge Corner
Real Estate Finance Association <br>jumps into a busy spring

Real Estate Finance Association
jumps into a busy spring

April 12, 2024
Boston, MA Last month the REFA Innovation Committee hosted an exclusive tour of Suffolk Technology on March 19th. The tour group heard from the vice president of platform, Parker Mundt, about Suffolk’s commitment to leveraging technology and creativity
JPMorgan Chase hires Fauth to support Community Development Banking

JPMorgan Chase hires Fauth to support Community Development Banking

April 12, 2024
Boston, MA As part of JPMorgan Chase’s commitment to expanding its market presence, the firm hired Jennifer Fauth to support Community Development Banking (CDB). In her new role, Fauth will manage the delivery of affordable housing and banking products to clients across New England.
Bank Rhode Island finances construction <br>of The One Ten apartment project

Bank Rhode Island finances construction
of The One Ten apartment project

April 12, 2024
North Kingstown, RI Bank Rhode Island’s (BankRI) commercial real estate division has financed the construction of a new luxury apartment building. The building will be branded The One Ten and the project is already in progress. It is the latest development of Moran Properties and represents the final phase of the Saw Mill Square