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Category: Finance
Ranieri of NorthMarq’s White Plains office places $7 million refinance of Montcalm Heights Apartme...
October 11, 2019
Chicopee, MA Robert Ranieri of NorthMarq’s White Plains office negotiated the $7 million refinance of Montcalm Heights Apartments. The property is located at New Ludlow Rd. and Montcalm St. Financing details include: A 10-year term…
Real Estate Finance Association October update: Fall programming and REFA Gala
October 11, 2019
On September 20th, REFA held the Annual Fall Conference at the Boston Harbor Hotel. The keynote session and panel discussion focused on the topic of, “Boston as the Center for Economic Development and Innovation.” The keynote speaker Kate Gulliver,
Eastern Bank places $2.6 million construction loan for Stoneridge Mutual Properties
October 11, 2019
Brockton, MA Eastern Bank placed a $2.6 million construction loan to Stoneridge Mutual Properties (Stoneridge) for the conversion of a former office building into a residential property at 75 Commercial St.
Groblewski and Feig of Fantini & Gorga arrange $8.5 million to refinance Burlington Self Storage
October 11, 2019
Wilmington, MA Fantini & Gorga arranged the refinancing of Burlington Self Storage in the amount of $8.5 million. Fantini & Gorga placed the financing on behalf of a long-standing client that has
Appraising cold storage/food facilities: Cost vs. market value - by Thomas Jensen
October 11, 2019
It is important for an appraiser to understand the difference between cold storage and food processing facilities compared to other forms of more traditional warehouse and manufacturing plants. The appraiser first needs to identify their unique physical characteristics and use
MassDevelopment and Washington Savings Bank provide $3.062 million loan to Degmar Development affili...
October 11, 2019
Lowell, MA MassDevelopment has participated with Washington Savings Bank to provide a $3.062 million loan to Residence at Mill Square LLC, an affiliate of Degmar Development Corp. Degmar used proceeds to
Oliver Street Capital secures $12.6 million loan with UniBank; arranged by Paulsrud and Lousararian ...
October 11, 2019
Tewksbury, MA JLL has arranged a $12.6 million refinancing for 554 Clark Rd., a 102,200 s/f flex/R&D building. JLL worked on behalf of the borrower, Oliver Street Capital, to secure the fixed-rate loan with UniBank
Company of the Month: Cornerstone Realty Capital celebrates 15 years of shared success
October 11, 2019
Lexington, MA Cornerstone Realty Capital, a boutique commercial mortgage brokerage company, is celebrating an exciting milestone as the company reaches 15 years of shared success. Over the last 15 years,
KeyBank CDLI secures $41 million for The Community Builders to renovate phase 2 of Lyman Terrace Apa...
October 11, 2019
Holyoke, MA KeyBank Community Development Lending and Investment (CDLI) secured $41 million of financing for The Community Builders (TCB), a nonprofit real estate developer, owner and manager based in Boston,
The threat of cyber fraud - Security is imperative for all 1031 Exchange funds - by Patricia Flowers...
September 27, 2019
Fraud and cybercrime, particularly involving bank wire transfers for real estate transactions, continue to increase at an alarming rate. The long known scams of phishing emails with claims of lottery winnings or an inheritance, the need to protect loved ones by forwarding funds, etc.
Understanding how 1031 like-kind exchanges and vacation homes work - by Bill Lopriore
September 27, 2019
Many people own rental properties in vacation locations. With proper planning, a tax-deferred exchange may help them enjoy their vacation property to a limited extent, while still having the tax benefits available from a tax-deferred exchange.
Improvement or construction exchanges under IRC Section 1031 - by Brendan Greene
September 27, 2019
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “The productive use in a trade or business or for investment,” to defer paying any capital gains taxes if the property owner sells such property, identifies “like kind” property
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