News: Front Section
Posted: December 2, 2008
Porterfield of Arbor originates $10.043m
Jay Porterfield, director of an area Arbor Commercial Funding, LLC office, originated three loans totaling $10.043 million under the Fannie Mae DUS product line. These loans include:
* Rockport Oaks/Bayshore Apartments, Rockport/Arkansas Pass, Tex. The $3.127 million refinancing of a 124-unit complex. The seven-year loan amortizes on a 30-year schedule and carries a note rate of 6.05%.
* Great Oaks Apartments, Lufkin, Tex. The $4.65 million refinancing of a 160-unit complex. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.37%.
* Palo Verde Apartments, Colorado Springs, Col. The $2.266 million refinance of a 72-unit complex. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.77%.
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Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
