News: Front Section
Posted: December 2, 2008
Stoneman and Dunson of iCap structure $3.9m loan for multifamily prop.
Michael Stoneman and Tai Dunson of iCap's arranged acquisition financing for a multifamily property. The property, located at 240 Cumberland St. in the Liberty Heights neighborhood, consists of 23 one-bedroom units and seven studios. The property had a $5.8 million purchase price with a $3.9 million loan priced at a 5.25% variable rate on a 12 MTA index using a 1.15x DSC ratio. Leverage was restricted by Debt Service due to the property's income being restricted by rent control. iCap arranged the loan through one of its trusted Capital Markets Sources.
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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,
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Columns and Thought Leadership
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.
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:
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.
