 (1).gif)
News:
Finance
Posted: October 14, 2022
Washington Trust provides $1.4 million to DCR Anderson WAG, LLC
Waterbury, CT Washington Trust’s Commercial Real Estate Group provided $1.4 million in permanent financing to DCR Anderson WAG, LLC for a 40,940 s/f parcel improved with a 2,053 s/fTaco Bell.
The subject site is located adjacent to I-84 with traffic counts that exceed 92,200 vehicles per day, near a neighborhood, as well as a retail district with a mix of retail stores, restaurants, and personal service establishments that draw customers to the area.
“We are pleased to have provided financing for this property, welcoming a new commercial real estate borrower to Washington Trust,” said Julia Anne Slom, senior vice president & team leader of Washington Trust’s Commercial Real Estate Group. “As we expand our team further into Connecticut, we are excited about this location in Waterbury demonstrating Washington Trust’s continued and expanding commitment to the greater Connecticut area.”
“Working with a bank that understands your financial and timing needs is priceless,” said Daniel Richman, president and CEO of Developers Consolidated Realty, “And, Brett Eagleson and the Washington Trust Commercial Real Estate team provide just that.”
Tags:
Finance
MORE FROM Finance
Funding your project: Available, but expensive, in many ways - by Daniel Calano
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.
 (1).gif)
Quick Hits
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
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.
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.
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
