Financial Digest

PNC ARCS secures $6.259m for Bayshore Village

PNC ARCS, a PNC Real Estate Company, recently arranged $6.259 million in financing for the Bayshore Village Apartments, a 152-unit property...

Gold of Largo completes $4.641m in construction and permanent financing for Quebec Super 8 Hotel

St. Jerome, QC Harley Gold, account executive for Largo Capital Limited, arranged construction and permanent financing in the amount of $4.6...

McKinnon, Jones and Grigg join Savillis Granite

Savills Granite LLC, a real estate investment banking company, has added Jennifer McKinnon, Marion Jones and Marcella Grigg to its professio...

Armstrong of Capmark originates $7.5 million for 94-acre manufactured home community

Capmark Finance Inc. recently funded $7.5 million in fixed-rate, permanent refinancing for Applewood MHC, a manufactured home community. The...

Banks and the wealth of nations: Not all real estate lending opportunities are dangerous

The role of a financial intermediary is denigrated by those looking to arbitrage lending opportunities. I try not to take the descriptions ...

Finally, real estate agent compensation for 1031 tenant-in-common deals?

A 1031 tenant-in-common (TIC) exchange allows property owners to exchange their management-intensive property for a partial interest in a po...

Getting back to the basics: Understanding the mortgage industry better

My five year old son recently joined a flag-football league and I feel lucky to be afforded the opportunity to coach his team. Before the fi...

Short-term loans are a savvy financial strategy in current market conditions

There is a phrase, attributed as an ancient Chinese proverb (but unknown to the Chinese except as an American expression) that says, "May yo...

Reverse exchange aid in deferring gains: An alternative to save money and preserve wealth

In the recent real estate market, many properties have been sitting, waiting to be sold. However, that does not keep owners intending to pur...

Korpacz joins Weiser Realty Advisors as an executive managing director

Peter Korpacz, MAI, FRICS, has recently joined Weiser Realty Advisors LLC (a wholly owned subsidiary of Weiser LLP) as an executive managing...