 (1).gif)
News:
Finance
Posted: June 9, 2017
The Cooperative Bank hires Picciotto as senior mortgage loan originator
The Cooperative Bank
Roslindale, MA The Cooperative Bank (TCB) has hired Jim Picciotto as senior mortgage loan originator.
In this role, Picciotto will generate qualified residential mortgage business in TCB’s CRA lending area and surrounding communities to support the strategic goals of the bank. To ensure business is developed accordingly, Picciotto will represent the bank at numerous community-based activities, and stay abreast of local real estate trends and developments.
Picciotto has 30 years of experience as a mortgage banker and takes a holistic, high-touch, and boutique banking approach to match client banking needs with best-in-class service and cutting-edge products.
Prior to TCB, Picciotto previously held positions at United Bank, EverBank, and Cambridge Mortgage Group.
“Jim’s unique and personal approach, along with his vast amount of experience will be a great addition to TCB and I am excited to see how he takes our residential mortgage department to the next level,” said Phil Bryan, president and CEO of TCB.
Picciotto earned his B.S. in business management and accounting from University of Massachusetts at Lowell. He is married with two children and currently resides in Cotuit, MA.
Founded on South St. in Roslindale in 1898, The Cooperative Bank (TCB) is a full-service community bank committed to meeting the financial needs of individuals, families and small businesses with up-to-date products, competitive interest rates and the highest quality personalized service. TCB specializes in commercial real estate and business lending throughout Massachusetts, and has branches in Roslindale, West Roxbury and Charlestown.
Tags:
Finance
MORE FROM Finance
C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
 (1).gif)
Columns and Thought Leadership
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
