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Roundtable Urges Federal Bank Regulators to Reestablish CRE Troubled Debt Restructuring Program
On March 17, 2023, the Real Estate Roundtable (Roundtable) requested federal bank regulators to reestablish a troubled debt restructuring program for commercial real estate that would give financial institutions increased flexibility to refinance loans with borrowers and lenders. Roundtable is an association of the nation’s...
Primrose School, Southern, Massachusetts
Murphy PC represented a franchisee in the acquisition, financing, and construction of Primrose School in Southern Massachusetts. We analyzed title, zoning and other due diligence matters, resolved complex title issues, negotiated and documented acquisition and construction loan document with an out of state commercial bank,...
42 Mixed-Use Condominium Development-Winchester, Massachusetts
Murphy PC represents the developer in the acquisition of the land and transactional matters in connection with the development and permitting of the project. This project consists of a four-story building with 36 residential condominium units and two commercial retail units, a courtyard, and 41...
55-Unit Residential Condominium Development-Wrentham, Massachusetts
Murphy PC represents the developer in the acquisition of vacant land with entitlements for the Weber Farm project, construction financing with regional lender, preparation of homeowner’s association documents, compliance with Fair Housing Act regarding covenants, age restriction, and accommodation policies for senior housing facilities, residential...
Synagogue, Mikvah, and 70-Unit Apartment Building Mixed-Use Development-Boston, Massachusetts
Murphy PC represented the developer in the acquisition of the properties, construction financing with a regional lender, and reciprocal easement agreement with Synagogue and Mikvah owns addressing access, construction, shared parking, and maintenance obligations. This project consists of a three-phase mixed-use development of a Synagogue,...
Refinance of Retail Strip, Mattapan Square, Boston, MA
Murphy PC represented a family real estate company owner of an approximately 30,000 square foot retail strip in Mattapan Square, Boston, Massachusetts, consisting of several retail tenants including a restaurant, in a refinance transaction with a regional lender. The transaction provided funds to refinance the...
Purchase of a Retail Plaza, Route One Saugus
Murphy PC represented a family real estate company purchaser of an approximately 12,000 square foot retail plaza occupied by Fed-Ex Office, Bay State Physical Therapy, For Eyes and Premier Martial Arts well located along Route 1, the area’s primary commercial corridor. The transaction included negotiation...
Mixed-Use Development including an Historic Restaurant, Nantucket, Massachusetts.
Murphy PC represented the owner in a mixed-use development consisting of a restaurant, apartments and employee housing. The owner preserved an historic restaurant, designed new uses within the restaurant space including an upscale whisky bar, a beach menu kitchen and bar, and a beer garden,...
Treasury Releases Guidelines on Clean Energy Tax Credits
The Treasury Department released guidelines detailing new wage and apprenticeship standards companies must meet to qualify for tax incentives under the Inflation Reduction Act. See Treasury Announces Guidance on Inflation Reduction Act’s Strong Labor Protections | U.S. Department of the Treasury. The Inflation Reduction Act...
Opportunities in Preferred Equity Investments
Increased interest rates have created a gap between senior loans and common equity in real estate development capital stacks which is attracting investors to preferred equity transactions offering high returns under certain underwriting and loan to value requirements according to a recent article in Wealth...