Concert Income Properties acquires 10-storey Vancouver apartment bldg.
Building had been developed and previously owned by Bosa Properties Concert Income Properties (CIP) has acquired The Standard, a class-A, mixed-use apartment building at 1142 Granville St. in downtown Vancouver. “We expanded the asset mix of Concert Income Properties in January 2023 to include multifamily residential rental properties, which provides greater opportunities to find quality […]
Smartstop makes $300M GTA self-storage acquisition
Buys eight facilities across Greater Toronto Area, Burlington and Hamilton SmartStop Self Storage REIT says it has become the fifth-largest self-storage operator in Canada with the $300-million acquisition of eight properties in the Greater Toronto and Hamilton areas. The properties comprise 7,400 units and 758,000 square feet of rentable space. They were acquired by SmartStop’s […]
0% of LA Homes Are More Affordable to Buy Than Rent
Los Angeles is officially among the least affordable housing markets in the country. According to a report from proptech giant, Redfin, 0% of LA homes are more affordable to buy than rent. This means that locals are pretty much guaranteed to have higher monthly housing expenses if they buy than if they rent. This hasn’t […]
USDA Selects Projects to Move Forward in Awards Process to Repair Rural Facilities Damaged by Disasters
WASHINGTON, Oct. 18, 2024 – U.S. Department of Agriculture (USDA) Rural Development Under Secretary Dr. Basil Gooden today announced that USDA has selected 15 projects in ten states and Puerto Rico to move forward in the awards process to repair or replace essential community facilities that were damaged by disasters in calendar years 2022 or […]
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 […]
