Hunt Real Estate Capital Provides a $15.8 Million Fannie Mae DUS® Loan to Finance the Acquisition of a Multifamily Property Located in St. Mary's, Georgia
NEW YORK, Jan. 24, 2020 /PRNewswire/ -- Hunt Real Estate Capital announced today it provided a Fannie Mae DUS(®) conventional multifamily loan in the amount of $15.8 million to finance the acquisition of a multifamily property located in St. Mary's, Georgia.
Czech Family Endows $1 Million Scholarship To Support Children Of American Tradesmen And First Responders At Villanova University
OLD GREENWICH, Conn., Jan. 23, 2020 /PRNewswire/ -- Stephen J. and Jennifer L. Czech announced a $1 million gift to Villanova University. The proceeds of the gift will be used to fund scholarships for children of American tradesmen and first responders. This gift is one of the largest dedicated to funding scholarships for children of American tradesmen and first responders in Villanova's 177-year history.
Trevian Capital Announces $200 Million in Recent Transitional Multifamily Bridge Loan Closings
NEW YORK, Jan. 23, 2020 /PRNewswire/ -- Trevian Capital, a direct bridge lender that provides short-term bridge loans nationwide, has recently funded approximately $200 million in transitional multifamily bridge loans across 14 closings in seven states. Since launching its lower-cost Transitional Multifamily bridge product in Q4-2018, Trevian Capital has earned a reputation as the go-to lender for bankable sponsors who need flexible capital for value-add, transitional, and/or construction-completion multifamily deals nationwide.
Sprout Mortgage Closes Record December and 2019 as Demand for Quality non-QM Mortgages Soars
EAST MEADOW, N.Y., Jan. 27, 2020 /PRNewswire/ -- Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced that it capped a record-setting 2019 with a best-ever month, closing more than $268 million in loans in December. Total Sprout loan volume topped $2.78 billion for the calendar year, up 89% from the 2018 yearly figure. "Non-QM mortgages are an increasingly vital and growing part of today's residential finance landscape as consumers, investors, and the professionals who serve them demand flexible, customized, and readily accessible capital solutions," said Michael Strauss, President. "I am proud that Sprout has been able to serve its borrowers while maintaining a strong control environment that consistently produces high-quality loans that are rigorously underwritten." Sprout's loan programs and products are designed to provide lenders with a range of solutions to solve a wide variety of borrower needs for home ownership. Programs include Alternative Qualification, Near-Prime, Super Jumbo, Moderate Credit, and Real Estate Investor loans. Sprout Growth Supporting and enabling this growth, in 2019 Sprout Mortgage: Added more than 50 sales professionals; Expanded its capital markets and servicing teams; Increased underwriting and credit quality staff with more than 50 experienced new hires; and Launched its proprietary AUS tool (ACORN) and program qualification and pricing tool (iQualifi)."Non-QM is an important topic throughout the mortgage industry," said Shea Pallante, Executive Vice President. "Sprout is capitalizing on that with our focus on innovative products, quality credit, and excellent client experience. We estimate that we've captured more than 10% of today's market and we expect to continue to provide industry leadership in the months and years ahead as the non-QM market grows." About Sprout Mortgage Sprout Mortgage is a leading nationwide non-QM lender whose innovative products, flexible qualifying criteria, and common-sense underwriting provide tailored lending solutions for residential real estate investors, self-employed borrowers, and those with recent credit events. Sprout provides modern lending solutions to help a broad range of consumers and the brokers and lenders who serve them. For more information, visit www.sproutmortgage.com or call 844-664-6100. View original content to download multimedia:http://www.prnewswire.com/news-releases/sprout-mortgage-closes-record-december-and-2019-as-demand-for-quality-non-qm-mortgages-soars-300992501.html SOURCE Sprout Mortgage
BGL Announces the Real Estate Sale of the Musculoskeletal Institute of Tyler
CLEVELAND, Jan. 22, 2020 /PRNewswire/ -- Brown Gibbons Lang & Company ("BGL") is pleased to announce the real estate sale of the Musculoskeletal Institute of Tyler, consisting of approximately 68,952 total rentable square feet. BGL's Healthcare Real Estate team served as the exclusive advisor to the seller in the transaction.
2019 Concludes With Interest Rates And Purchase Percentages On The Rise According To December Ellie Mae Origination Insight Report
PLEASANTON, Calif., Jan. 22, 2020 /PRNewswire/ -- According to the December Origination Insight Report from Ellie Mae(®), the leading cloud-based platform provider for the mortgage finance industry, interest rates rose again in December to 3.99 percent, up from 3.97 percent in November and the 2019 low of 3.93 percent in September.
Pegasus Flies Into 2020: Los Angeles Commercial Real Estate Advisory Firm Announces Key Talent Acquisitions
CENTURY CITY, Calif., Jan. 21, 2020 /PRNewswire/ -- Pegasus Investments Real Estate Advisory Inc. ("Pegasus") has announced the addition of Kyle Gulock and Michael Asarch to its world-class investment sales team. Formerly of Kidder Mathews, a West Coast commercial real estate firm, Gulock and Asarch join Pegasus as Executive Vice President and Senior Associate, respectively. Gulock and Asarch are nationally known for their representation of investors in connection with the acquisition and disposition of high-quality single tenant net leased and multi-tenant retail shopping centers. Gulock and Asarch will be joining Pegasus veteran Tony Veiller, who was recently promoted after completing a banner year in 2019. Previously working alongside David Chasin, Brad Kritzer, Daylin Ackerman and Stephen Apfel, Veiller will provide transactional advisory support to Gulock and Asarch as well as continue to execute his own book of business.
Hunt Real Estate Capital Provides a $12.8 Million Fannie Mae DUS® Loan to Finance the Acquisition of a Multifamily Property Located in Macon, Georgia
NEW YORK, Jan. 22, 2020 /PRNewswire/ -- Hunt Real Estate Capital announced today that it has provided a Fannie Mae DUS® conventional multifamily loan in the amount of $12.8 million to finance the acquisition of a multifamily property located in Macon, Georgia. Estates at Barrington is a 176-unit, garden-style apartment community with a total of 192,000 rentable square feet. The property offers one-, two-, and three-bedroom units in a quiet community setting. The loan term is 15 years with seven years of interest-only payments followed by a 30-year amortization for the remainder of the loan term. "Estates at Barrington was built in 1995. It has been well maintained and there are minimal repairs needed, as the former owner implemented a number of interior and exterior improvements over recent years," commented Steven Cox, Senior Managing Director at Hunt Real Estate Capital. "The borrowers are repeat Hunt Real Estate Capital clients, as we recently financed the acquisition of Park Place Apartments in St. Mary's, Georgia." Property amenities include a covered car care center, dog park/play area, tennis court, fitness center, and a sand volleyball court. "We are pleased to partner with this quality investor to help them secure another local asset, and we look forward to continuing this relationship to provide quality housing options for residents in Georgia," added Cox. The property is located in the Macon-Bibb MSA, which is approximately 80 miles southeast of Atlanta. The MSA's cultural and educational offerings contribute to its popularity as a place to live and work. Macon is also home to a diverse range of local, state, and multi-national public and private companies. About Hunt Real Estate Capital Hunt Real Estate Capital, a subsidiary of ORIX Corporation USA, is a leader in financing commercial real estate throughout the U.S. The Company finances all types of commercial real estate: multifamily properties (including small balance), affordable housing, office, retail, manufactured housing, healthcare/senior living, industrial and self-storage facilities. It offers Fannie Mae, Freddie Mac and FHA in addition to its own proprietary loan products. Since its inception, the Company has structured more than $30.6 billion of loans and today maintains a servicing portfolio of more than $16.3 billion. Headquartered in New York, Hunt Real Estate Capital has over 270 professionals in 25 locations throughout the U.S. For more information, visit huntrealestatecapital.com. MEDIA CONTACT Michael RatliffHunt Real Estate Capital212firstname.lastname@example.org View original content to download multimedia:http://www.prnewswire.com/news-releases/hunt-real-estate-capital-provides-a-12-8-million-fannie-mae-dus-loan-to-finance-the-acquisition-of-a-multifamily-property-located-in-macon-georgia-300991339.html SOURCE Hunt Real Estate Capital
Getting real about retirement: Canadian retirees share their wisdom - RBC poll
TORONTO, Jan. 16, 2020 /CNW/ - Retired Canadians have some advice for those approaching retirement: don't expect it to be as advertised, according to the RBC Retirement Myths & Realities poll. Responding to the biennial poll of Canadians aged 50+, retirees cite three notable misconceptions about when, where and how you plan to retire.
Lincoln Avenue Capital acquires two properties in Miami, preserving 196 affordable units for seniors and families
MIAMI, Jan. 9, 2020 /PRNewswire/ -- Today, Lincoln Avenue Capital (LAC) announced the completion of the purchase of two apartment complexes in Miami's Brownsville neighborhood, extending the affordability of 196 housing units for seniors and working families.
Dr. John Holcomb Joins Spectrum Retirement Communities, LLC
DENVER, Jan. 8, 2020 /PRNewswire/ -- Spectrum Retirement Communities, LLC (Spectrum) has added John Bradley Holcomb, M.D., F.A.C.S. as Medical Advisor.
Ontario Long Term Care Association continues partnerships with Arjo Canada, Cardinal Health Canada and Essity Canada Inc. to advance quality of care for Ontario's seniors
TORONTO, Jan. 20, 2020 /CNW/ - The Ontario Long Term Care Association is pleased to announce its continued partnership with three major industry players - Arjo Canada, Cardinal Health Canada and Essity Canada Inc. who continue to demonstrate their leadership in long-term care by renewing their Corporate Alliance Partnership commitments in 2020. The Corporate Alliance Partnership (CAP) program offers exclusive, customized marketing platforms throughout the year and is designed to provide a platform for three commercial partners to work closely and inform the Ontario Long Term Care Association on key industry findings, as well as educational opportunities to its membership. "We are grateful for the continuation of the CAP partnership program which allows the Association to support its members in knowledge-building and helping to promote safe, quality long-term care for Ontario's seniors," said Donna Duncan, CEO of the Ontario Long Term Care Association. "Now more than ever, the focus on quality and innovation in long-term care is critical to our success in meeting the needs of today and tomorrow's long-term care residents." About the Ontario Long Term Care Association The Ontario Long Term Care Association is the largest association of long-term care providers in Ontario and the only association that represents the full mix of long-term care operators — private, not-for-profit, charitable, and municipal. The Association represents nearly 70% of Ontario's 630 long-term care homes, located in communities across the province. Our members provide care and accommodation services to more than 70,000 residents annually. SOURCE Ontario Long Term Care Association