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Category: Finance
Marcone of Marcone Capital arranges $7.8 million financing of Independence Place
January 10, 2020
Bedford, NH Mike Marcone of Marcone Capital, Inc. has arranged the $7.8 million financing of Independence Place, a property consisting of a high quality, two story, 102,538 s/f medical and general office building.
PGIM Real Estate Financing completes $12.4 million
refinancing of The Village at Cedar Heights
January 10, 2020
Mansfield, MA PGIM Real Estate Financing has completed $12.4 million in HUD 223(F) – Early Rate-Lock refinancing to Mansfield Apartments I, LLC for The Village at Cedar Heights. The property is located 10 Connors Ave.
Newmark Knight Frank arranges $173 million loan to refinance the Archer Residences on behalf of C...
January 10, 2020
Boston, MA On behalf of Center Court Mass, LLC, Newmark Knight Frank (NKF) has arranged a $173 million loan to refinance the Archer Residences, a 62-unit luxury condominium project
Cornerstone Realty Capital completes $4.7 million refinance of 18-unit property
January 10, 2020
Brookline, MA Cornerstone Realty Capital arranged $4.7 million for the refinance of an apartment building located in the desirable Coolidge Corner neighborhood. The property features 18 residential apartments consisting of four studio units
JLL arranges $53.8m construction financing for The Noannet Group
January 10, 2020
Somerville, MA JLL has arranged $53.8 million in construction financing in the form of a participating mortgage for the development of Cambria Somerville-Cambridge, a new 163-room, full-service hotel.
CBRE secures $37.2m financing for acquisition of Alta Easterly on behalf of Audubon Capital Partners...
January 10, 2020
Walpole, MA CBRE has secured $37.2 million in financing to assist with the acquisition of Alta Easterly, a 157-unit apartment community located at 1100 Cricket Ln.
MassHousing commits $7.9 million in affordable housing financing to The Neighborhood Developers
January 10, 2020
Revere, MA MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere St. The MassHousing financing will allow TND to construct 51 units of new affordable housing for households across a broad range of incomes, including 19 new workforce housing units.
Real Estate Finance Association named its board of directors for 2020 - Piper of Webster Bank named ...
January 10, 2020
Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2020. Claudia Piper, senior vice president, Webster Bank, will serve as president along with president-elect, Bill Flynn, senior vice president at Net Lease Capital Advisors.
The year reviewed: An eventful year 2019 was, on many fronts - by Bill Pastuszek
January 10, 2020
An eventful year, 2019 was, on many fronts. On the real estate end of things, it was a pretty much steady as it continues to go this time of year. The biggest surprise was that these markets keep on going, going, going, like that tired old TV Bunny!
Mass. Board of Real Estate Appraisers president’s message - by Michael Nicora
January 10, 2020
First, I would like to thank the immediate past president John Beauchaine, MRA for his hard work and dedication as president of the Mass. Board of Real Estate Appraisers (MBREA). I have been fortunate during my time on the board of trustees to work with several dedicated presidents, Richard Simmons, Jr., RA, Marcus Johnson, MRA and Susan Mitchell, RA.
Why hire a commercial real estate appraiser? - by Mark Plourde
January 10, 2020
So you want to finance commercial real estate and the bank requires an appraisal. Here are a few things you should know about hiring an appraiser. As defined by the Uniform Standards of Professional Appraisal Practice (USPAP), the client is “The party or parties (i.e., individual, group, or entity) who engage an appraiser by
Revision requests on appraisals from clients - by Steven Spangle
January 10, 2020
A call from a client requesting an appraiser to reconsider something in an appraisal is rarely welcomed. However, it has been happening since appraisal reports began being communicated in a written format.
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