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Category: Finance
Soares promoted to team leader at Salem Five Bank
April 8, 2022
Salem, MA Salem Five Bank has promoted senior vice president Philip Soares to team leader of its commercial real estate division, taking over for Joseph Greenough, who retired last month.
Cambridge Savings Bank empowers local small businesses through financial education courses
April 8, 2022
Cambridge, MA Cambridge Savings Bank (CSB), has launched its Small Business Financial Education Program. Led by CSB’s financial education manager, Philip Mustone, the program will provide small businesses with information on best practices related to marketing
Residential appraisal forms - by Bill Pastuszek
April 8, 2022
Fannie Mae and Freddie Mac have been working on the redesign of the Uniform Residential Appraisal Report (URAR) for several years. The GSEs, through their Uniform Appraisal Dataset (UAD) and Forms Redesign Initiative working group, have worked closely with stakeholders and allowed their input
President’s message: The PAVE Action Report - by Brad Hevenor
April 8, 2022
In March, the Department of Housing and Urban Development delivered the long-anticipated Action Plan from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to President Joe Biden. The PAVE Action Report targets dismantling racial discrimination and bias in mortgage
Residential appraising – Big changes looming - by Reynold Archambault
April 8, 2022
It’s been a crazy couple of years since the pandemic outbreak. First everything shut down and immediate thoughts, beyond health and humanity, turned to how appraiser’s were going to do their jobs. We worked through it. Temporary policies were enacted circumventing interior inspections
Confused, complex world? Time to parse the pieces - by Daniel Calano
April 8, 2022
At the moment, there are so many relevant unknowns regarding the world and its economies, it boggles the mind. The only part that has just been fixed is a playbook for interest rate hikes. Among the many remaining unknowns are supply chain issues, inflation, Covid variants, energy imbalances, geopolitical issues
Wake up and live. Fix it. Clean. - by David Kirk
April 8, 2022
Infrastructure is the only way to provide a safe and strong and connected built environment to serve all of our constituencies. For the comfort and well-being of our communities, we must focus on the changing environment and the new behaviors and demographics as they evolve, and we observe them.
REFA to host first in-person education program in two years: “Institutional Mindset: Where and how...
April 8, 2022
Boston, MA REFA hosted its first Fundamentals program of the year, Life Science Real Estate 101, on March 22nd. Over 200 REFA members attended the webinar featuring Mark Bruso, senior research manager, JLL; Hana Kolton, principal, Jacobs; and Tyson Reynoso,
BEB Lending provides $5.8 million in acquisition financing - secured by Patriot Holdings for the acq...
April 8, 2022
Marlborough, MA BEB Lending (BEB), the finance platform of BEB Capital, a leading investor and developer of industrial, office and multifamily assets throughout the East Coast, has provided a $5.85 million bridge loan to Patriot Holdings for the acquisition financing of an industrial property
Goldstein joins Winchester Savings Bank as commercial lending officer
April 8, 2022
Winchester, MA Winchester Savings Bank has hired Benjamin Goldstein as a junior commercial lending officer. “We’re growing our Commercial Lending program, and Ben is an excellent addition to our team,” said John Carroll,
Lument completes closing of $18.9m financing for The Guilford House
April 8, 2022
Guilford, CT Lument completed the closing of an $18.9 million U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Sec. 223(a)(7) refinance for The Guilford House, a 96-bed assisted living (AL) and skilled nursing facility (SNF).
EagleBridge Capital arranges $38m debt and equity financing for office/R&D complex
March 25, 2022
Wilmington, MA EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $38 million for 181 and 187 Ballardvale St., an office/R&D complex. The financing was arranged by EagleBridge principal Ted Sidel and director Brian Walsh.
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