
Expansion of Private School, Boston, Massachusetts
Murphy PC represented a private elementary school located in the Back Bay area of Boston, Massachusetts to acquire a brownstone building in Back Bay for the conversion of the existing apartment building to its school use.
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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), an association of the nation’s top publicly-held and privately-owned real estate ownership, development, lending and management firms who address key national policy issues relating to real estate and the overall economy, 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.
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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 Management.
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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.
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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.
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