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Category: Finance
Purchasing replacement property from a builder in a 1031 Exchange - by Lynne Bagby
September 27, 2019
With all of the development and new construction happening throughout New England, many real estate investors are interested in taking advantage of opportunities to purchase new construction directly for investment or as replacement property in a 1031 exchange.
Delaware Statutory Trusts can add flexibility to a 1031 exchange - by Justin Amos
September 27, 2019
Earlier this year we wrote about the growing market for 1031 exchanges using Delaware Statutory Trust (DST) investments as replacement property. Since then, interest in DST solutions for 1031 exchanges has continued to grow.
Exchanges may be fully tax deferred or partially tax-deferred and partially taxable - by Robert Char...
September 27, 2019
Exchanges may be fully tax-deferred or partially tax-deferred and partially taxable. An exchange will be partially taxable if the taxpayer receives net non-like kind property, (boot) in the exchange. Cash boot is received, and therefore taxable, when the taxpayer receives cash
Spiegel of Spiegel Associates arranges $8.28 million financing for hotel property purchase
September 13, 2019
Boston, MA Sidney Spiegel of Spiegel Associates has arranged a $8.28 million loan for a property at 1759-1769 Washington St. in the South End. The property was constructed in 1875 as the Alexandra Hotel. The loan was funded by a regional bank that saw the value of the property
Groblewski and Feig of Fantini & Gorga place $20.5 million in financing
September 13, 2019
Mansfield, MA Fantini & Gorga arranged a $20.5 million financing package for the development of 300 North Main, a transit-oriented, mixed-use development. Casimir Groblewski, senior managing director, and Lindsay Feig, director, arranged both the debt and the equity portions of the capital stack for the project.
Rockland Trust provides $17.7 million in financing to Capstone Communities LLC and Hope Real Estate ...
September 13, 2019
Cambridge, MA Rockland Trust has provided $17.7 million in financing to local developers Capstone Communities LLC and Hope Real Estate Enterprises LLC. The financial package includes an $8.7 million construction loan and $9 million in low income housing tax credit equity.
Urban Spaces secures $71 million construction loan for Kendall East from People’s United Bank
September 13, 2019
East Cambridge, MA Urban Spaces has finalized a $71 million construction loan with People’s United Bank for Kendall East, a mixed-use, two-building property comprised of 120 market-rate and 16 affordable apartments and 15,000 s/f of retail located in the First St.
Eastern Bank leads $11 million loan for Thorndike Development for ground-up construction of the Copp...
September 13, 2019
Canton, MA Eastern Bank places $11 million construction loan to Thorndike Development for ground-up construction of the Copperworks Condominiums. With first occupancies planned for this December, Copperworks is a three-story boutique condominium community
Boston Appraisal & Consulting opens Boston office at 100 Franklin St.
September 13, 2019
Boston, MA Boston Appraisal & Consulting, LLC has opened their new office at 100 Franklin St., 7th floor. Thomas Jensen, MAI, a seasoned commercial real estate appraisal industry veteran, leads the office as executive director.
JLL arranges $140 million first mortgage construction financing with Bank OZK for 289,000 s/f office...
September 13, 2019
Somerville, MA JLL has arranged $140 million in financing for 101 South St., a 289,000 s/f, class A office and lab development in the Boynton Yards area of the city. The project is under construction
AmeriCann secures $4 million in financing - placed by GVC Capital
September 13, 2019
Freetown, MA AmeriCann, Inc., a cannabis company that is developing cultivation, processing and product manufacturing facilities, has secured a $4 million investment to accelerate the second phase of construction at its Massachusetts Cannabis Center
Natalizio of Cornerstone Realty Capital arranges $3.8 million financing for Lawton Place
September 13, 2019
Waltham, MA Cornerstone Realty Capital has arranged $3.8 million for the acquisition and renovation of a townhouse-style apartment building. The property, known as Lawton Place, consists of 11 three-bedroom units and one four-bedroom unit
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