Items Tagged with 'multifamily lending'

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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  • Ready Capital merging with Owens Realty Mortgage

    Companies say combination will help grow commercial lending operations
    Ready Capital, a real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans, including agency multifamily, investor and bridge, is set to grow its lending platform through a merger with Owens Realty Mortgage.
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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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  • JLL subsidiary makes big move into commercial real estate debt

    LaSalle Investment Management acquiring Latitude Management Real Estate Investors
    LaSalle Investment Management, a real estate investment manager and a wholly owned subsidiary of Jones Lang LaSalle, is making a big play in the commercial real estate debt market. LaSalle announced Monday that it entered into an agreement to make a majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors, a commercial real estate lender.
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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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  • 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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  • Multifamily lending hits all-new high in 2017

    Here were the top five multifamily lenders
    Multifamily lenders saw a great year in 2017, seeing an all-new record high for the year, according to a new study from the Mortgage Bankers Association. While 58% of active lenders made five or fewer multifamily loans in 2017, some lenders stood out above the rest. Read about the top five by mortgage volume.
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