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Category: Finance
Washington Trust provides $15.4 million in financing
December 13, 2019
Norwood, MA Washington Trust’s Commercial Real Estate Group provided $15.4 million to a Massachusetts-based developer for the acquisition of a 130,000 s/f office building. Located at the intersection of Rte. 1
Cornerstone Realty Capital handles $5.6 million refinancing
December 13, 2019
Southbridge, MA Cornerstone Realty Capital arranged $5.6 million in financing for Laurel Ridge Apartments. The apartment complex features 58 units, a mix of five studios, 26 one-bedroom, one-bathroom units and 27 two-bedroom
Bridgewater Savings Bank and Mansfield Bank plan to merge
December 13, 2019
Bridgewater, MA According to Bridgewater Savings Bank and Mansfield Bank, after months of discussion and due diligence, the boards of directors of both banks have signed a Merger Agreement to join the two banks into a single
Hunt Real Estate Capital handles $9.9m multifamily loan to Serone
December 13, 2019
Charlestown, MA Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $9.9 million to finance the acquisition of a multifamily property. Navy Yard Apartments is a 47-unit, garden-style apartment community
Country Bank provides $2.7m financing to Worcester Business Development Corp.
December 13, 2019
Worcester, MA The Worcester Business Development Corp. (WBDC) has secured a $2.7 million financing deal to keep the momentum at The Reactory rolling. Looking for a local bank that understands the project and the benefits it will bring to the city, the WBDC turned to Ware-based Country Bank.
The Mass. and R.I. chapter of the Appraisal Institute host holiday meeting and installation of offic...
December 13, 2019
Norwood, MA The Mass. and R.I. chapter of the Appraisal Institute hosted its holiday meeting and installation of officers and directors on December 4th at Four Points by Sheraton. George Demopulos was named the 2020 president.
Real Estate Finance Association hosts Annual Holiday Party at Central Wharf Co. on November 25th
December 13, 2019
Boston, MA On the evening of Monday, November 25th, REFA hosted its Annual Holiday Party at Central Wharf Co. Over 100 members of the industry reflected on another great year, networked with colleagues, and enjoyed
How was 2019 for the housing market? by Bill Pastuszek
December 13, 2019
From the Massachusetts Association of Realtors (MAR): The number of homes for sale and new homes added to the market went down in October. A spokesman notes, “Homeowners seem more inclined to stay off the market rather than risk having nothing to buy after the sale goes through
Maine Chapter of Appraisal Institute’s president’s message - by Tina O'Connell
December 13, 2019
I wanted to take a moment to personally thank Don MacKay for his hard work over the past year as president of the chapter. He has done a tremendous job keeping up with the many tasks required of him. He deserves some recognition for his strong leadership, which has had a broad
The write stuff - by Roger Durkin
December 13, 2019
Successful narrative appraisal report writing is based in the recognition that the appraisal report is an argument. An argument is a set of assertions supported by logic and evidence. According to USPAP and Black’s Law Dictionary, the term credible means worthy of belief.
Appraising dev. sites: With vs. without entitlements - by Thomas Jensen
December 13, 2019
Appraising a development site often requires “as is” and “as entitled” scenarios. However, larger sites tend to have a limited number of recent comparable transactions available for review. Therefore, a paired sales analysis of sites “with” and “without” entitlements is not always possible.
MA/RI Chapter of AI President’s final message - by Greg Curtis
December 13, 2019
It has been another productive year for the Massachusetts and Rhode Island Chapter of the Appraisal Institute. The chapter had a record 13 newly designated members, including 10 MAIs and three SRAs. Additionally, three RAs haves earned an AI-RRS and one MAI has earned an AI-GRS for a total of 17 new designees.
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