Stamford finance board’s audit aimed at ‘outliers’

Steve Feldman Joins FGI Finance as Vice President of Business Development

At the extreme ends of the spectrum are about 300 properties whose assessments decreased 64 to 74 percent compared to 2011. A slightly higher number of properties saw their assessments increase significantly under revaluation, including about 350 residences whose valuations jumped 24 to 34 percent, according to the document prepared by Kirwin’s office. “What the information basically is saying is that the average house dropped about 20 percent,” Abbazia said. “If a house only dropped 10 percent — that’s a big difference.” It’s unclear, however, just how many properties are “outliers” that experienced significant swings in their assessments under the recent revaluation. The information Kirwin provided is outdated; the analysis was completed in January before the Board of Assessment Appeals held 500 hearings and made adjustments on contested assessments.

We are excited to have Steve join our team, states David DiPiero. He will be a great addition to our company. Prior to hisposition at FGI, Feldman was at Greystone Business Credit providing asset-based loans and factoring facilities. Previous to that, he was a member of Capital Solutions Group, LLC, a debt advisory firm assisting companies with their financing needs. FGI Finance ( http://www.fgifinance.com ), a division of FGI, is a global commercial finance firm with clients in over 60 countries around the world. FGI helps middle market companies by providing them with various financial products, business loans, and financial services to meet their financing needs.

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