Washington Trust provides financing to LDRE, LLC

Washington Trust's Commercial Real Estate Group recently provided funding to LDRE, LLC to finance the acquisition of a historic office building on South Main St. The building will be the new headquarters for Rhode Island based Lila Delman Real Estate. The 3,840 s/f building was constructed in 1784 at 369 South Main St. Lila Delman Real Estate has been a successful real estate agent/broker for nearly 50 years, with offices in Narragansett, Watch Hill, Block Island, Newport, Jamestown and Providence. Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects.

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Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.

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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.