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Category: Finance
MassHousing closes on $5.5 million in financing for 2Life Communities
September 13, 2019
Brookline, MA MassHousing has closed on a total of $5.5 million in affordable housing financing to 2Life Communities for the development of the Harold and Ronald Brown Family House, which will create 62 new, mixed-income
FinanceBoston arranges $2.568 million senior loan for a mixed-use property
September 13, 2019
Rowley, MA FinanceBoston has arranged a $2.568 million senior loan secured by a mixed-use property. The property has direct frontage on the Essex County town’s main business corridor and benefits from numerous long-standing tenants.
Harvard and LISC Boston renew $10 million affordable housing investment
September 13, 2019
Boston, MA Harvard’s flexible, low-cost $10 million investment with Local Initiatives Support Corp. (LISC) 20 years ago contributed to the creation or preservation of 3,108 units of diverse affordable housing in its host communities of Boston and Cambridge.
Worth Avenue Capital, LLC closes a $1.5 million construction line of credit to a CRE development gro...
September 13, 2019
Hartford, CT Worth Avenue Capital, LLC (WAC) closed a $1.5 million construction line of credit to a CRE development group on a highly visible sixteen acre CRE property in Fairfield County.
MassDevelopment and Greenfield Savings partner to finance Village Hill CoHousing
September 13, 2019
Northampton, MA MassDevelopment has partnered with Greenfield Savings Bank to provide Sunwood Builders, Inc. and Sunwood Development Corp. with loan financing for Village Hill CoHousing (VHC), an energy-efficient co-housing community
Real Estate Finance Association September update: Programming and the Annual REFA Gala
September 13, 2019
On September 11th, REFA held a program on “Financing and Designing for Resiliency,” focused on discussing the issues Greater Boston will face due to climate change, and how industry professionals are preparing to deal and recover from these weather patterns.
Southern Maine’s current appraisal environment & challenges (or, drinking through the fire hose) -...
September 13, 2019
The current residential appraisal environment in Southern Maine continues to be challenging, but mostly in a managing the near overwhelming workload. This appears to be directly related to a combination of extremely favorable interest rates as well as what is normally higher demand during a typical, yearly appraiser “cycle.”
Common sense in 2019 - by Bill Pastuszek
September 13, 2019
This article was originally written in 2015. Seems like a long time ago. Interestingly how everything changes there are some fundamental concepts that don’t. A lot of economic behavior takes place based on a lack of knowledge and judgment and over-reliance on habit, benchmarks, or other factors founded
Appraising cold storage and food processing facilities - by Thomas Jensen
September 13, 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
Evaluations – Are they an alternative to an appraisal? - by Shaun Fitzgerald
September 13, 2019
Financial regulators have raised from $250,000 to $400,000 the threshold at which an appraisal is required. The wisdom of that decision may not be decided until we have another crash. In the meantime, appraisal clients might serve themselves well by understanding the difference
The good times continue in the New England markets - by Corey Gustafson
September 13, 2019
The good times continue in the New England markets, and nationally, as the economic expansion continues. However, it might be time to throw away the complimentary closer that typically follows “and shows no signs of slowing down”- because that just does not fit anymore, unfortunately.
CT Chapter of the AI update new class offering - by Jacqueline Beauchaine
September 13, 2019
The Connecticut Chapter of the Appraisal Institute is offering a 3-hour continuing education program, Introduction to Vineyard and Deed Restricted Land Valuation, followed by a networking social which includes a wine tasting on September 19, at Jones Family Farm, Shelton, Conn.
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