Category: Financial Digest
Sidel of EagleBridge Capital arranges $9.2
million refinancing for two-story, 61,177 s/f propert...
October 11, 2024
Marlborough, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $9.2 million for 33 Locke Dr. The mortgage financing was arranged by EagleBridge principal Ted Sidel who said that the loan was provided by a leading regional financial institution.
Planning for retirement with a 1031 Exchange - by Brendan Greene
September 13, 2024
Thinking of selling a commercial property, a multifamily or other investment property and buying a retirement home or a second home in the mountains or where the weather is warmer? With a little 1031 tax-deferred planning, you could be retiring to a home in a destination of your choice by deferring and/or excluding all or most of your capital gains taxes.
Five reasons to use a section 1031 exchange - by Lynne Bagby
September 13, 2024
Section 1031 tax-deferred exchanges continue to be a popular tax-deferral strategy for business owners and taxpayers not only throughout the New England states, but nationally for those who want to accomplish a wide range of business and/or investment objectives including some of the following:
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
September 13, 2024
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental pro...
September 13, 2024
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
Join the Real Estate Finance Association for an exciting fall
September 13, 2024
Boston, MA Sponsorships and tickets are available for the 36th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.
JLL handles $150m refinancing for Bedford Labs on behalf of AEW, Redgate, and Optimum A.M.
September 13, 2024
Bedford, MA JLL Capital Markets has arranged a $150 million refinancing for Bedford Labs, a 288,000 s/f, newly converted, class A life sciences facility. JLL worked on behalf of the borrower, a joint venture between AEW Capital Management, Redgate, and Optimum Asset Management
Brucker joins Union Savings Bank as a residential mortgage loan originator
September 13, 2024
Danbury, CT According to Union Savings Bank (USB) Elizabeth Brucker has joined the bank as a residential mortgage loan originator. In her new position, Brucker is responsible for originating residential mortgages, guiding first-time home buyers,
Essex Savings Bank promotes Jambard to vice president controller
September 13, 2024
Essex, CT Bryan Jambard, Jr., CPA has been promoted to vice president controller at Essex Savings Bank. Jambard is a Tolland resident and certified public accountant in Connecticut. He earned his BSBA in accounting from Bryant University and MBA from Quinnipiac University.
Nasser of Intercontinental Real Estate to receive REFA’s Swain Distinguished Service Award
September 13, 2024
Boston, MA According to The Real Estate Finance Association (REFA), Paul Nasser, president of Intercontinental Real Estate, has been selected to receive the Robert S. Swain, Jr. Distinguished Service Award at the 36th Annual REFA Gala to be held Thursday, October 17th, 2024 at the Omni Seaport.
MassDevelopment provides $1.532 million to Boys & Girls Club of Chicopee for teen center
September 13, 2024
Chicopee, MA MassDevelopment has issued a $1.532 million tax-exempt bond on behalf of Boys & Girls Club of Chicopee, Inc. (BGCC), which will use proceeds to build and equip a teen center on the organization’s existing campus at 580 Meadow St. The new 4,500 s/f building
Worth Avenue Capital, LLC closes $3.75 million commercial loan for a construction company
September 13, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $3.75 million commercial loan for a construction company that specializes in both renovating existing homes as well as constructing new luxury homes. This company is a multiple repeat borrower for WAC who has partnered with this borrower on seven transactions over the last four years.
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