St. John Properties Begins Construction on Four Industrial Buildings in Dulles, Va.
St. John Properties is developing Phase I of Arcola Center, a 34-acre business community in Dulles, Va. The Baltimore-based company has broken ground on the first four buildings, comprising 100,000 square feet of flex and R&D space, at the intersection of Loudoun County Parkway and Dulles West Boulevard. All buildings are spec development. In January, The Loudoun County […]
We Quit: We Work CEO Sandeep Mathrani Stepping Down to Join Private Equity Firm
WeWork CEO and Chairman Sandeep Mathrani will step down from his post later this month to take a job at a private equity firm. David Tolley, a board member at WeWork, was appointed temporary CEO of the coworking giant, while new board Chairman Daniel Hurwitz will start a committee to look for a new permanent […]
Rental market will suffer most amid Bank of Canada interest rate hike: Experts
The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say. The BoC’s surprise 25-basis-point hike has pushed the overnight lending rate to 4.75 per cent and will indirectly cause shelter costs, such as the price of rent, to rise as landlords look to pass […]
ACOM Capital Provides $4.7 Million Acquisition and Construction Loan in Toronto
Acom Capital, a portfolio lender for real estate investors, has provided a $4.7 million acquisition and construction loan for the ground-up construction of North Toronto Townhomes. The three-story property, developed by Cameo Development, will span nearly 5,000 square feet across two triplex townhomes. “Toronto is the place experience a the most population increase following the pandemic […]
Who’s the Best Source of Private Mortgages???
The best source of private mortgages can vary depending on your specific needs, location, and circumstances. Here are some common sources where you can find private mortgage lenders: It’s important to conduct thorough due diligence when considering private mortgage lenders. Consider factors such as their reputation, experience, track record, interest rates, fees, loan terms, and […]
Residential Mortgage Vs Commercial Mortgage
Residential Mortgage: A residential mortgage is a loan obtained by an individual or family to purchase or refinance a home for personal use. Here are some key features of residential mortgages: Commercial Mortgage: A commercial mortgage is a loan obtained for commercial or income-generating properties. Here are some key features of commercial mortgages: It’s important […]
Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible
Banks love T4 or W2 slips, especially a long history of them issued by the same employer. That’s because they scream “Certainty of employment! Regular income! Low risk of job loss! Ability to service a mortgage!” The core issue financial institutions have with self-employed people, however, is that their income is harder to prove. And entrepreneurs are […]
Why there is Very High demand in Private Mortgages in Toronto?
There are several reasons for the high demand for private mortgages in Toronto: It’s important to note that while private mortgages offer advantages, they typically come with higher interest rates and fees compared to traditional bank mortgages. Borrowers should carefully evaluate the terms and costs associated with private mortgages and consider consulting with a real […]
What’s the difference between Banks and Private Lenders?
Bank vs. Private Lender: Bank: A bank is a financial institution that provides various banking services, including lending. Here are some key characteristics of borrowing from a bank: Private Lender: A private lender is a non-institutional individual or entity that provides lending services. Here are some key characteristics of borrowing from a private lender: It’s […]
