True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.

MortgageReal Estate

JPMorgan financing $100M Los Angeles ‘trophy properties’

Three estates available on Bel Air hillside

Buyers looking for the most extravagant of extravagance have that opportunity, courtesy of Junius Real Estate Partners, which is part of JPMorgan’s (JPM) private bank.

According to a report on Bloomberg, a team led by Junius and developer Domvs London are offering the uber-wealthy the chance to build a mansion overlooking Los Angeles, for the low starting price of $115 million.

From Bloomberg:

Junius Real Estate Partners, part of JPMorgan’s private bank, and developer Domvs London acquired an 11-acre site near the Hotel Bel-Air a year ago, and are preparing it for three estates. The first lot will go on the market Tuesday.

 “There’s a shortage of trophy properties that are available for sale in this pocket of Los Angeles,” Barry Watts, president of Domvs London, said in a telephone interview. “You’ve got high-net-worth people who want to own multiple homes across the world, and Los Angeles offers something different. If you want to drive your convertible car 12 months a year, it’s a city where you can do that.”

Buyers can buy on of the three sites at the development, called The Park Bel Air, for $45 million and build whatever they want, but Domvs has plans to build houses on each site, with designs that range from 56,000 to 61,000 square feet.

Watts told Bloomberg that the first of the three Domvs-designed houses has a starting price of $115 million.

3d rendering of a row of luxury townhouses along a street

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