News: Front Section
Posted: May 14, 2015
Worth Avenue Capital, LLC closes $210,000 commercial loan to CT investor
Worth Avenue Capital, LLC (WAC) closed a $210,000 commercial loan for a real estate investor on a property located in the Tony Keeler's Farm section of town. The loan proceeds were used by the borrower to consolidate debt and the loan was funded by one of WAC's private lenders. The loan is secured by a first mortgage on the property. The location is considered to be one of the town's premier and most desirable neighborhoods. The borrower had some credit issues and was unable to obtain conventional bank financing. As a result, the borrower's attorney contacted WAC and we were able to react quickly to close this loan within a few weeks thus enabling the borrower to pay off his creditors.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
