Newmark Refis Arizona Apartments With $19M Loan
Arizona developer Brandon Treger has nabbed a $19.3 million refinance loan for a multifamily property in suburban Phoenix, Commercial Observer has learned. Newmark (NMRK) provided the five-year, fixed-rate loan on Treger’s 128-unit Harmony at Hurley Farms development in Tolleson, Ariz. The deal closed with a 6.41 percent interest-only loan with a loan-to-value of 60 percent and 30-year amortization period. “The […]
2.2M mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC
Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners. Canada Mortgage and Housing Corp. (CMHC) released its biannual report on the country’s residential mortgage market on Thursday. The analysis shows that more than 290,000 […]
‘Zombie mortgage’ a nightmare for Carson couple facing threat of losing their home
CARSON, Calif. (KABC) — A Carson couple is facing foreclosure because of what’s known as a “zombie loan.” That term refers to a second mortgage that seemed to have been forgiven or written off – until years later when a collector reaches out about the unknown, but supposedly unpaid, debt. Such confusion over mortgages has […]
Everything You Need to Know About DSCR Loans in San Diego, California – A Guide by Acom Capital
Introduction Investing in income-generating properties requires the right kind of financing, and for San Diego investors, a Debt Service Coverage Ratio (DSCR) loan can be an ideal solution. At Acom Capital, we specialize in DSCR loans tailored for real estate investors across California, including in dynamic markets like San Diego. With property demand on the […]
Why investors love Loan brokers
Investors may love commercial loan brokers for several reasons, including: Overall, commercial loan brokers can be a valuable resource for investors who are looking for financing options for their commercial real estate projects. However, it’s important to carefully research and choose a reputable broker with a proven track record of success. Follow us at ACOM Capital […]
What is the Internal Rate of Return (IRR)?
What is the Internal Rate of Return (IRR)? Internal rate of return is a capital budgeting calculation for deciding which projects or investments under consideration are investment-worthy and ranking them. IRR is the discount rate for which the net present value (NPV) equals zero (when time-adjusted future cash flows equal the initial investment). IRR is […]
Buyers of Brampton townhome project still waiting for keys — 6 years after some made deposits
Buyers who put down tens of thousands of dollars in deposits for a pre-construction townhome project in Brampton six years ago are still waiting for their keys as the builder faces both legal and financial challenges associated with the long-delayed project. Mississauga-based Vandyk Properties is building a townhome community, called the Uptowns project, with 342 units […]
Investors and investments are key to building more housing in Canada
Without investors, almost all rental housing stock could disappear, jeopardizing living arrangements for millions Canada Mortgage and Housing Corp. estimates this country must build almost six million new homes by 2030 to restore housing affordability, but the odds of meeting this target, or even half of it, are low given that not even 2.5 million […]
New BC Legislation Will Override Cities, Allow 6 Units Per Lot
The Province’s new multiplex legislation focuses on “small-scale multi-unit housing” and include several changes to municipal processes. After a fair amount of build-up, Minister of Housing Ravi Kahlon finally announced the new legislation the Province would be introducing to allow up to six housing units per single-family residential lot, and the Province is coming in with force. […]
