Category: Finance

Worth Avenue Capital closes $200,000 CRE loan

Worth Avenue Capital closes $200,000 CRE loan

October 8, 2021
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 CRE loan to a CT-based real estate investor. The loan proceeds will be used for working capital purposes and the loan is secured by a second mortgage on a local commercial condominium
Damigella of Marcus & Millichap Capital Corp. arranges $5.175m

Damigella of Marcus & Millichap Capital Corp. arranges $5.175m

October 8, 2021
Worcester, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets solutions, arranged a $5.175 million refinancing loan for a 46-unit multifamily property. The property is located at 44 Byron St.
Largo Capital secures $20.85 million in financing for three industrial assets

Largo Capital secures $20.85 million in financing for three industrial assets

October 8, 2021
>Windsor, CT Dave Carswell, managing director of Largo Capital’s Manhattan office, secured $20.85 million in financing for three industrial properties. The first two transactions were bridge loans
Niland joins The Washington Trust Co. as vice president and regional manager

Niland joins The Washington Trust Co. as vice president and regional manager

October 8, 2021
Braintree, MA According to The Washington Trust Company, Bill Niland has been hired as the vice president and regional manager for the Washington Trust Mortgage Company LLC. Niland will be headquartered in the Braintree office and will be responsible
Citizens names Murray as Massachusetts president

Citizens names Murray as Massachusetts president

October 8, 2021
Boston, MA Citizens named Lisa Murray as its Massachusetts president, succeeding Jerry Sargent, who will continue to oversee New England and upstate New York as Citizens’ Northeast region executive.
The Real Estate Finance Association Emerging Leaders host Fall Panel: New Approach to Risk

The Real Estate Finance Association Emerging Leaders host Fall Panel: New Approach to Risk

October 8, 2021
Boston, MA REFA’s Emerging Leaders hosted their Fall Panel: New Approach to Risk as a webinar on September 21st. Lauren O’Neil, senior managing director and Boston office co-head at JLL, moderated the conversation
MassHousing closes $5.3 million financing for redev. of Moran Sq.

MassHousing closes $5.3 million financing for redev. of Moran Sq.

October 8, 2021
Fitchburg, MA MassHousing has closed on $5.3 million in financing to MSq Redevelopment LLC, an affiliate of Rees-Larkin Development, for the development of 44 affordable and workforce apartment homes as part of the Moran Sq. redevelopment.
2021 New England  Appraisers Expo - by Steve Sousa

2021 New England Appraisers Expo - by Steve Sousa

October 8, 2021
We were moving full steam ahead for a return to the Four Points Hotel for the 2021 New England Appraisers Expo when the surge in COVID’s delta variant threw us a curve-ball.
Aggregations, algorithms, AI and judgment - by David Kirk

Aggregations, algorithms, AI and judgment - by David Kirk

October 8, 2021
Judgement continues to be the discerning characteristic in commercial property investment and development. And in the analysis supporting underwriting and appraising commercial property. Not necessarily in defiance of the ubiquitous data and traditional methodologies
The appraiser profession - by Bill Pastuszek

The appraiser profession - by Bill Pastuszek

October 8, 2021
Valuation is a most interesting profession. Those who practice valuation find appraisal - the process consisting of “part art, part science” - a wonderful challenge in the study of human economic and social behavior.
The appraisal gap - by Albert Franke

The appraisal gap - by Albert Franke

October 8, 2021
The appraisal gap. We’ve been hearing a lot about this lately. What is it? The appraisal gap is the difference between a property’s appraised value and its contracted sale price. The term is commonly used when the appraised
Real estate supply chain: Panoply of related issues - by Daniel Calano

Real estate supply chain: Panoply of related issues - by Daniel Calano

October 8, 2021
The phrase “supply chain” is not called “chain” for nothing. With regard to real estate development, everything is chained together. Raw materials, labor, energy, manufacturing, transportation and storage, even global politics are all linked.