Category: Finance

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.

You must know from all the news, that “Trump tariffs” have been recently reviewed, discussed, evaluated, and as promised, implemented swiftly. But, they have also been modified, reduced or increased, just as fast and somewhat quixotically.

Boston, MA The Real Estate Finance Association (REFA) has officially kicked off its 10^th Annual Mentor Program, setting a new record with 66 mentor-mentee pairs. This yearlong initiative connects Emerging Leader Members with senior professionals, fostering mentorship, career development, and industry connections.

Chelmsford, MA DH Property Holdings secured $19 million in financing for 85,000 s/f urban infill industrial site at 270 Billerica Rd. The company’s founder and principal Dov Hertz said this type of small infill industrial space has become much needed in the Greater Boston region

Stamford, CT Newmark, on behalf of A.M. Property Corp. and Northeast Capital Group, has arranged a $133 million loan to refinance 200 Elm St. (The Link), a class A office complex located in downtown. The financing was secured by Newmark and led by co-head of global debt &

Braintree, MA Atlantic Capital Partner’s Debt, Equity, and Structured Finance team has arranged $22.22 million in acquisition financing for Braintree Marketplace on behalf of Waterstone Properties Group.

Hartford, CT Greystone, a leading national commercial real estate finance company, has provided a $33 million bridge loan to refinance a skilled nursing facility in Connecticut. The financing was originated by Fred Levine, managing director at Greystone

Rockland, MA The Rockland Trust Charitable Foundation has presented a $90,000 grant to FamilyAid to help families throughout Massachusetts find and maintain housing. The grant will enable FamilyAid to provide education and support to nearly 4,500 children and parents as part of its mission to end family homelessness.

Cambridge, MA Marcus & Millichap Capital Corporation (MMCC) arranged $3.4 million for the refinancing of a 16-unit multifamily property located at 891 Massachusetts Ave. The borrower was not disclosed.

Brockton, MA MassHousing has closed on $29.7 million in affordable housing financing to nonprofit NeighborWorks Housing Solutions (NHS) for the construction of 94 new affordable apartment homes adjacent to the Campello Commuter Rail station.

The Connecticut Chapter of the Appraisal Institute and The Land Trust Alliance have joined forces to provide an opportunity for appraisers interested in improving their ability to perform “Yellow Book” appraisals. The course entitled “Uniform Standards for Federal Land Acquisitions: Practical Application,” will be offered May 5^th and May 6^th at the Courtyard by Marriott in Orange, Conn.

It’s clear that there is a paucity of affordable housing, be it from the homeless to the middle class. Articles abound from New York Times to Wall St., to the best universities and think tanks, and of course from our own real estate newspapers and journals. The “news” generally says it has been caused by the rise in mortgage interest rates…