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Category: Finance
New construction may be subject to pro rata taxation - by Richard Conti
June 12, 2020
One day a local contractor walked into the Taunton, Mass. assessor’s office, pointed his finger at me and said, “You are trying to put me out of business!” He had just received a July 1st real estate tax bill for a new single family home
Escape from New York - by Laurie Mentz Nichols
June 12, 2020
Escape from New York. I’m referring to the effect of the coronavirus pandemic on the New York and Connecticut housing markets, lest you think I’m speaking of John Carpenter’s 1981 classic sci-fi action movie, “Escape from New York,” starring Kurt Russell
President’s message: Chapter officers for 2021 - by George Demopulos
June 12, 2020
The Massachusetts and Rhode Island Chapter of the Appraisal Institute is hoping all of our friends and customers are continuing to stay safe during the COVID-19 pandemic. Appraisers, just like all of our customers, clients and friends in the real estate
Manchester and surrounding area: Appraiser’s perspective - by Ron Lavallee
June 12, 2020
The residential real estate market in the greater Manchester and surrounding area markets has been strong for the past 18 – 24 months. The first quarter of 2020 showed continued appreciation in values with rates of increase in the range of 4% to 6% annually in the residential
2020 at the halfway point - by Brett Pelletier
June 12, 2020
We’re nearly halfway through 2020 and it is already promising to be a year for the history books. The country, the region, and the city of Boston have experienced unprecedented conditions imposed by the COVID-19 response and necessary safety measures.
Fed rate is zero, but mortgages aren’t: Why not? - by Daniel Calano
June 12, 2020
Back in late March, the Federal Reserve Board cut their lending rate (Fed Funds Rate) by two points, basically to zero. It was an unprecedented move, caused primarily by the economic crisis, resulting from COVID.
SBA releases PPP Loan Forgiveness Application - Key takeaways from Hinckley Allen
June 12, 2020
On May 15th, the Small Business Administration (SBA) released the much-awaited Paycheck Protection Program (PPP) loan forgiveness application and instructions (SBA Form 3508). While the 11-page SBA Form 3508 provides answers
Sidel of EagleBridge Capital arranges $9 million financing for 40,500 s/f office at 33 Broad St.
May 8, 2020
Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $9 million for 33 Broad St. The mortgage financing was arranged by EagleBridge principal Ted Sidel, who stated that the loan was provided by a leading regional financial institution.
Appraising in a pandemic - by Maria Hopkins
May 8, 2020
When I think of those on the front lines taking care of COVID patients and risking their lives every day, it makes the problems we face as appraisers almost inconsequential. Nevertheless, we are facing real issues attempting to do our jobs and keeping ourselves and others safe.
HKS Real Estate arranges $24.5 million construction loan with M&T Bank for the development of a six-...
May 8, 2020
Danbury, CT HKS Real Estate Advisors has arranged a $24.5 million construction loan with M&T Bank for the development of a six-story, 149 multi-residential unit building called Brookview Commons to be built
Hunt Real Estate Capital provides a $13.2 million Fannie Mae DUS loan
May 8, 2020
Boston, MA Hunt Real Estate Capital has provided a Fannie Mae conventional loan in the amount of $13.2 million to finance the acquisition of a multifamily property. The property, 16 Westland Ave. Apartments, is a 55-unit, mid-rise apartment community that was built in 1910 and is comprised of 19 efficiency units
Cornerstone Realty Capital arranges $38.2 million for multifamily portfolio
May 8, 2020
Medford, MA Cornerstone Realty Capital arranged $38.2 million in financing for the refinance of a portfolio of apartment properties located throughout Malden and Medford. The portfolio, comprising 265 units spread across nine buildings
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