Washington Trust is R.I. top SBA lender in dollar volume for 2007
The Washington Trust Company has earned designation as the top Small Business Lender in R.I., in dollar volume for the 2007 fiscal year, according to reports released by the U. S. Small Business Administration (SBA) as of September 30th. Washington Trust approved 80 loans totaling $10.87 million during the 2007 fiscal year.
"Small business is the engine of our local economy," said John Warren, chairman and CEO of Washington Trust.
"I congratulate Washington Trust for their continuing commitment to the small business community," said Mark Hayward, director of the SBA Rhode Island District Office.
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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.
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.
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
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