Lument, New York, provided $46.9 million in bridge loans for multifamily communities in Florida and Texas.
Category: News and Trends
Commercial Real Estate Investment Rebounds
Commercial real estate investment has rebounded to pre-pandemic levels as vaccine rollouts and signs of economic recovery lure investors back into the market, analysts reported this week.
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 2
M&A events in the Age of Industry 4.0 have moved beyond scale and into the digital clarity achieved by the combination of firms using curated data necessary to profit from vast ecosystems of financial products and services across channels and consumers. Financial and private equity firms that target and conduct due diligence solely on financial engineering will become footnotes in history.
Zillow: Affordability Squeeze Approaches as House, Rent Prices Rise
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are “quickly evaporating” as home prices and rents rise faster than incomes, said Zillow, Seattle.
MBA Mortgage Action Alliance Call to Action on Preserving Tax Policies in Infrastructure Plan
The Senate this week passed a massive infrastructure package. How to pay for it remains a sticking point; the Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, wants to make sure lawmakers preserve key tax provisions that enable the real estate finance industry to support their customers.
Unemployment Insurance Weekly Claims Take Another Dip
Initial claims for unemployment insurance continued to drop even as employers say they have problems filling key service industry positions, the Labor Department reported Thursday.
Dealmaker: Dwight Capital Closes $168M in HUD, Bridge Financings
Dwight Capital, New York, closed $167.7 million in HUD 223(f) and bridge financings.
Rida Sharaf: Ready…Set… Go! The Mortgage Industry’s Upcoming Obstacle Course
As yet another extension of the nationwide pandemic eviction and foreclosure restrictions is put in place (at least for federally back mortgages), the mortgage industry is bracing for formidable challenges on a number of fronts.
MBA CONVERGENCE Partner Profile: Sarah Garland of CBRE
Sarah Garland is Director of Production for Affordable Housing and FHA Lending with CBRE, Seattle, responsible for supporting the origination of affordable and workforce housing debt financing.
Quote
“Increasing the available supply of homes–especially more dense, affordable housing types like townhomes and condos–will help balance the market and give renters and prospective home buyers opportunities to seek relief from being burdened by housing costs.”
–Nicole Bachaud, Zillow Economic Data Analyst.