Items Tagged with 'multifamily loans'

ARTICLES

  • Real estate crowdfunding startup RealtyShares hits hard times, halts new investments

    Company unable to secure new operating capital to continue growth
    Everything was going swimmingly for RealtyShares just over a year ago. The real estate crowdfunding startup had just purchased one of its biggest rivals, Acquire Real Estate, and had plans to grow its investment in commercial and multifamily real estate. But now, RealtyShares has fallen on hard times and will be laying off much of its staff and stop accepting new investments on its platform.
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  • Multifamily lending on track to break records again in 2018

    MBA projects commercial and multifamily originations will set new record
    As the Mortgage Bankers Association reported recently, multifamily lending hit a record high last year…and things are looking even better this year. The MBA released a brief updated forecast this week, which states that multifamily lending is on track to set another record in 2018.
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  • Freddie Mac names Deborah Jenkins head of multifamily

    Was originally set to take over on Jan. 1, 2019
    Deborah Jenkins is now officially running Freddie Mac’s multifamily business, two months ahead of schedule. Jenkins, who previously served as Freddie Mac’s senior vice president of multifamily underwriting and credit, was promoted to executive vice president and head of the GSE’s multifamily operations back in September. Jenkins was originally set to take over those roles on Jan. 1, 2019, but the GSE announced Monday that Jenkins is assuming the roles immediately.
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  • Walker & Dunlop grows lending arm by acquiring iCap Realty Advisors

    Atlanta mortgage banking firm joins Walker & Dunlop
    Already one of the nation’s largest commercial and multifamily financiers, Walker & Dunlop has its sights on more. To that end, the company announced this week that it acquired iCap Realty Advisors, a mortgage banking firm based in Atlanta, Georgia that provides debt placement solutions for all commercial real estate asset classes.
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  • Freddie Mac continues growing multifamily business in third quarter

    Originations increase slightly in third quarter
    The multifamily gravy train kept rolling for Freddie Mac in the third quarter, with the government-sponsored enterprise continuing to increase its originations and overall portfolio. Freddie Mac reported Wednesday that its third-quarter multifamily originations increased by 2% over last year to $47 billion. Additionally, Freddie’s multifamily guarantee portfolio increased 3% from the prior quarter to $226 billion.
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  • Massachusetts man cops to 9-year multifamily mortgage fraud conspiracy

    Used fake loan documentation to obtain loans that cost $4.3 million in losses
    A Massachusetts man admitted in court last week that he took part in a nearly decade-long multifamily mortgage fraud conspiracy that defrauded financial institutions of millions of dollars. Court documents showed that Joseph Bates and other conspirators took part in a mortgage fraud scheme that stretched from 2006 through 2015, involved at least two dozen fraudulent loan transactions, and caused $4.3 million in losses to lenders.
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  • Freddie Mac promotes Steve Lansbury to SVP of multifamily underwriting and credit

    Taking over for Deborah Jenkins, who is to become EVP and head of multifamily business
    Freddie Mac just promoted Steve Lansbury to senior vice president of multifamily underwriting & credit. Lansbury will be taking Deborah Jenkins place as she prepares to move up to executive vice president and head of multifamily business for Freddie Mac at the beginning of 2019.
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  • Freddie Mac restructures multifamily capital markets division, promotes Robert Koontz to SVP

    Freddie Mac folds two divisions into its multifamily capital markets division
    Freddie Mac announced an organizational shift in its multifamily capital markets department business along with the promotion of Robert Koontz to senior vice president of multifamily capital markets. Freddie also announced that its folding two divisions into the Multifamily Capital Markets department under Koontz.
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  • NXT Capital gets financial boost as ORIX completes acquisition of lender

    NXT’s real estate division funds multifamily, office, student housing, more
    NXT Capital, a lender that provides financing for the acquisition of multifamily, office, retail, industrial, hotel, student housing, and other corporate dealings, has more financial backing to grow its business now that it's under the umbrella of ORIX Corp. USA.
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