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Finance
Posted: November 10, 2011
Vogel of Largo Group arranges $2.8 million permanent mortgage financing
Stephanie Vogel of the Largo Group of Companies, arranged a $2.8 million permanent first mortgage to pay off the existing debt on a 14 unit brownstone style multifamily property located in the Back Bay area of the city.
The loan was structured as a 10 +10 year fixed rate deal. It was financed through one of Largo's correspondent life insurance companies.
The property is located at 9 Commonwealth Ave., 1/2 block from the public gardens and in close proximity to Newbury St., Boylston St., Boston University, Boston College, MIT and Harvard. The subject neighborhood is one of the most sought after areas in the city.
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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
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.
