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Category: Finance
Marcus & Millichap Capital Corp. arranges
$5.02 million in financing for The Grant St. Complex
November 10, 2023
Framingham, MA Marcus & Millichap Capital Corporation (MMCC) has arranged $5.02 million in acquisition financing for The Grant St. Complex, a multifamily property. Located at 115-133 Grant St., the complex consists of 26 one-, two-, and three-bedroom units
Real Estate Finance Association closes out the year with quality programming
November 10, 2023
Boston, MA On Tuesday, October 10th, the Real Estate Finance Association (REFA) held a One Congress Walking Tour & Networking Reception. The member-wide property tour provided exclusive access to a tenant’s space. Tom O’Brien, managing partner, chief executive officer, HYM and Ryan Quick, vice president
Walker & Dunlop Capital Markets places $22.58 million in loans for two properties including a shoppi...
November 10, 2023
Windsor Locks, CT Walker & Dunlop completed two financing deals including a shopping center and an industrial facility. Specifics on the two deals are below: Ella Grasso, located at 295 Ella Grasso Tpke. in Windsor Locks, received $14.46 million in loan proceeds to facilitate the $17.75 million total acquisition purchase.
Worth Avenue Capital, LLC closes $3.25 million commercial loan
November 10, 2023
strong>Warwick, RI Worth Avenue Capital, LLC has closed a $3.25 million commercial loan to a Massachusetts-based real estate developer/investor. The loan proceeds were used by the sponsor to purchase a strategically positioned real estate parcel near the TF Green Airport
The Boulos Co. reps. The Yilmaz Family, LLC in purchase of KeyBank branch
November 10, 2023
Freeport, ME The Yilmaz Family, LLC purchased the former KeyBank branch at 135 Main Street for an undisclosed amount. The buyer noted the size of the 4,590 s/f building and its prime location as having good potential for a retail tenant.
Challenges & opportunities: USPAP ‘24 - by William Pastuszek
November 10, 2023
It’s here! The much-delayed and long-awaited new version of the Uniform Standards of Appraisal Practice. (USPAP). Truth be told, for many appraisers and users, this is not the most exciting thing that could happen in their appraisal lives, especially if they need to take the dreaded USPAP update.
CGS §12-117a(2) – Year 1 - by Patrick Wellspeak
November 10, 2023
In 2022, the Connecticut General Statutes were changed with the addition of 12-117a(2) that required for any assessment appeal application made on or after July 1, 2022 that “the applicant shall file with the court, not later than one hundred twenty days after making such application, an appraisal of the real property that is the subject
Repurposing commercial property for housing: New federal funding guidance - by David Kirk
November 10, 2023
October 27, President Biden announced funding to convert empty U.S. offices into housing. As Ashram Khalil, Associated Press, highlighted the initiative in Federal Times, October 27,2023, the Federal initiative involves the Departments of Housing and Urban Development (HUD) and Transportation, General Services Administration (GSA)
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay
November 10, 2023
It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
Affordable housing: Pipeline to success, or pipe-dream? - by Daniel Calano
November 10, 2023
Let’s assume that everybody in America, despite their politics, are for affordable housing. That’s because everybody agrees that housing costs a lot. But, like everything else, it depends on your financial ability, where you want to live, how and whether you can “afford” it. It’s at all levels.
JLL Capital Markets arranges $75 million credit facility for Sendero Capital and Angelo Gordon
November 10, 2023
Boston, MA JLL Capital Markets has arranged a $75 million credit facility on behalf of a joint venture between Sendero Capital and Angelo Gordon that was formed to target the medical property sector.
Washington Trust promotes Lyons to senior vice president and team leader of commercial real estate d...
November 10, 2023
Westerly, RI According to Washington Trust, Bethany Lyons was promoted to senior vice president and team leader of its commercial real estate division. She is responsible for managing the lending and sales activities, including deal sourcing, structuring, and portfolio management,
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