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Category: Finance
Work smarter, not harder - by Brett Pelletier
September 10, 2021
September brings a lot of newness and freshness to us all. It marks the end of summer, the start of fall and leaf peeping, the beginning of the schoolyear. Add in quite a few other areas of life, things are changing, evolving, and just getting harder.
Rockland Trust leads financing of $61m to POAH for Salem Heights
August 13, 2021
Salem, MA Rockland Trust led a financing package of $61 million to Preservation of Affordable Housing (POAH) for the redevelopment of their affordable housing apartment building, Salem Heights. The project will consist of substantial renovations to the low-income residential property
Groblewski of Fantini & Gorga arranges $17.25 million refinancing
August 13, 2021
Darien, CT Fantini & Gorga has arranged a $17.25 million refinancing package for Hollow Tree Self Storage. Casimir Groblewski placed the loan with a major New England-based banking institution on behalf of his client
CBRE arranges $180 million construction loan for life sciences development at 101 College St., New H...
August 13, 2021
New Haven, CT CBRE has arranged a $180 million financing for the development of a life sciences facility at 101 College St. by Harrison Street and Winstanley Enterprises. A large commercial bank led the origination with significant participation from Webster Bank.
Messier of Lument closes on a $26 million Fannie Mae DUS conventional multifamily loan to refinance ...
August 13, 2021
Hartford, CT Lument has completed the closing of a $26 million Fannie Mae DUS conventional multifamily loan to refinance Garden Hill Apartments, a 591-unit mid-rise portfolio. Josh Messier, managing director in Lument’s New York office, led the transaction.
McIsaac of Bluestone Bank elected to the Mass. Bankers Association board of directors
August 13, 2021
Raynham, MA Meg McIsaac, president at Bluestone Bank has been elected treasurer of the Massachusetts Bankers Association (MBA) at its annual meeting in June. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.
The Real Estate Finance Association is gearing up for a busy fall schedule
August 13, 2021
Boston, MA REFA hosted a few events this past month for its Emerging Leader membership. On July 27th, the Emerging Leaders Committee met in person for the first time since early 2020. Over 40 members gathered at Tia’s on the Waterfront for an evening networking reception.
Period architecture: A renewed interest in the art and structures - market perspective - by Marc Nad...
August 13, 2021
Being from New England, when one thinks of a historic home the image often conjured up is that of a 1700s center chimney cape, a Federal style from the early 1800s, a Second Empire Victorian or even a brownstone. All have become part of the architectural landscape that helps define New England.
Racial bias and the real estate industry - by Steven Spangle
August 13, 2021
Racial bias is front and center of the news. Accusations involve all sections of the real estate industry, appraisers, brokers, and lenders. Appraisers have been accused of using inappropriate comparable sales that indicate values below the true market value of a property that is owned by a person of color.
Three approaches to appraisal theory - by Bill Pastuszek
August 13, 2021
Three Approaches. Appraisal Theory gives real estate appraisers and users of appraiser services three approaches with which to arrive at value opinions. Let’s review the approaches.
Family-owned business disputes - by Roger Durkin
August 13, 2021
Equity holders of family-managed businesses commonly develop disagreements and strong differences of opinion, which lead to heated clashes. These disputes are not unique to your specific family business, and they are especially common in second- and third-generation family-managed businesses.
Winding down the dog days of summer - by John Drew
August 13, 2021
As we wind down the dog days of summer, the Appraisal Institute is not in short supply of programs, initiatives, and information that will provide our membership, and others in the appraisal community, more than enough to fill their fall agendas.
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