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Category: Finance
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
MassHousing closes on $2.8 million in financing for workforce housing to The Community Builders
May 8, 2020
Northampton, MA MassHousing has closed on $2.8 million in affordable workforce housing financing to The Community Builders (TCB) for the ongoing construction of the 12-unit 35 Village Hill Rd. Valley Community Development Corp. is the project co-sponsor.
The Real Estate Finance Association update – Keeping members engaged at home
May 8, 2020
Boston, MA Two months into the work from home mandate, the Real Estate Finance Association (REFA) continues to work hard to create valuable virtual content for its membership during this time to keep its membership engaged.
Uncertainty in the time of COVID-19 - by Bill Pastuszek
May 8, 2020
Uncertainty in the time of COVID-19. Real estate investors – investors of all types – abhor uncertainty, knowing however it is always present. Investment activity is guided by managing risk inherent in an uncertain future. The COVID-19 environment has taken investment uncertainty to new levels.
COVID-19:Creating functionally obsolete office space - by Thomas Jensen
May 8, 2020
As governments begin easing restrictions enabling non-essential workers to return to work, employers need to prepare return-to-office protocols. Employers must comply with government orders with guidance from federal, state, and local officials as the situation evolves.
Site visits and appraising properties in the times of Covid-19 - by Stephen Bergeron
May 8, 2020
During the past six weeks, I have received dozens of e-mails from lenders with guidance on how to satisfy their requirements and USPAP requirements while also social distancing due to Covid-19. In the past few weeks, I have had the opportunity to try several of the recommended approaches.
COVID-19: Millions of questions we will have to ask - by Shaun Fitzgerald
May 8, 2020
Covid-19! What else could this article be about? What other title would be appropriate. It’s all we hear about and all we read about. You’re reading about this in a real estate journal, so the topic really has to be about the effect of Covid-19 on real estate.
President’s message: Online appraisal education - by George Demopulos
May 8, 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 and mortgage professions
Brother, can you spare a Bitcoin? - by Laurie Mentz Nichols
May 8, 2020
As the U.S. navigates the COVID-19 storm, people are concerned as to whether they can keep financially afloat. The closure of nonessential businesses, rising unemployment claims, and the uncertainty of a steady household income contributed towards lowered consumer confidence and economic
The new normal - Real estate post-COVID-19 - by Brett Pelletier
May 8, 2020
COVID-19 has impacted our lives in significant ways. A month ago, we were knee deep in planning responses to new information and a new way of getting business done. Much of it temporary. Reacting to the virus has been immediate and pressing, but what happens next is more important
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