News: Front Section
Posted: November 23, 2011
Spiegel of NE Moves Mortgage arranged a $2 million refinance loan
Sidney Spiegel, vice president of NE Moves Mortgage, commercial division, arranged a $2 million refinance loan for a single tenant office building. The loan was funded by a major life insurance company.
The funds will be used to refinance the debt on the property at more favorable rates. The property is leased to Ocean Optics, a diversified photonics technology firm and a global leader in optical sensing. The firm has locations in the U.S., Europe, and Asia. The lender recognized the strength of the lease to the borrower and was able to provide a very favorable 10 year fixed rate.
NE Moves works closely with union pension plans, insurance companies, conduits, commercial banks, and local savings banks to provide competitive rates and terms for all types of commercial real estate.
NE Moves' expertise and relationships with a variety of funding sources provides solutions to the financing needs of investors and developers.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Columns and Thought Leadership
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:
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.
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.