Dixie Summers Are you a first-time home buyer feeling overwhelmed and anxious about the home buying process? Don't worry, you're not alone. Buying your first home can be an unsettling experience, but it's also an exciting milestone in life. We want to help boost your confidence as you embark on your journey to homeownership. In this guide, we'll share five helpful strategies for first-time home buyers so you can approach the process with knowledge and confidence. Educate YourselfOne of the most important things a first-time home buyer can do is educate themselves about the home buying process. This includes understanding…
Author: Private Lending Agent
Much has been written about the challenges that have befallen commercial real estate, particularly the office space sector. CRE refers to the real estate sector that does not include single-family homes or land, which are treated as separate categories of “residential.” However, multifamily properties, homes, and all other non-residential real estate fall under the CRE umbrella.But while the office sector has struggled since the pandemic, other areas of commercial real estate have shown promise.Why the office sector continues to struggleIn short, the decline of office space is the result of a confluence of several factors: The pandemic has changed work-from-home…
Sign up for our free weekly newsletter U.S. commercial and multifamily mortgage debt outstanding increased by $40.1 billion, or 0.9%, in the first quarter of 2024, according to the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding Quarterly Report. As of the end of the first quarter, total commercial/multifamily mortgage debt outstanding increased to $4.70 trillion. Multifamily mortgage debt alone increased $23.7 billion, or 1.1%, from the fourth quarter of 2023 to $2.10 trillion. Jamie Woodwell “Despite weak mortgage issuance activity, commercial mortgage outstandings increased in the first quarter of 2024,” said Jamie Woodwell, head of commercial real estate research…
Best Splash Pads & Water Parks in Palm Beach County, Florida Palm Beach County, Florida, is a paradise for those looking for sun, sand and water fun. Among the many attractions, splash pads and water parks stand out as family-friendly spots where visitors of all ages can cool off and enjoy a day of water-based adventure. In this guide, we'll introduce some of Palm Beach County's most popular splash pads and water parks, highlighting their features, amenities and what makes them unique. Palm Beach County Water Parks Coconut Cove Waterpark and Community Center20130 Regional Park Drive, Boca Raton, FL 33498…
Tenants complain about poor standards in rental properties, but in many cases this isn’t due to a lack of laws or regulations. There are already many laws regarding this. Repair contracts under section 11 of the Landlord and Tenant Act 1985, the Human Habitat Fitness Regulations under sections 9 and 10 of the Act, the Home Health and Safety Rating System (HHSRS) used by local authorities to assess the condition of properties, and the Gas Safety and Electricity Regulations which require regular inspections. To name just a few, many landlord associations regularly list around 400 laws that landlords must comply…
Reading time: 4 minutes In the business world, transparency and honesty are the cornerstones of trust. When these principles are compromised, the ripple effects can jeopardize the stability and reputation of an entire company. This article sheds light on disturbing revelations about Maxim's conduct as a director of RE24 ESP, highlighting conflicts of interest, financial mismanagement, and troubling overlaps between Kirsan Security and Maxim Enachi's activities. Directors' liability A company director is the company's chief executive representative whose primary duty and legal obligation is to act in the best interests of the company and its shareholders. This includes organizing the…
1990s one-hit wonder rapper Vanilla Ice may have fallen out of the limelight, but he's quietly become a real estate prodigy with multiple hits to his name.After his rap career ended, the performer, whose real name is Robert Matthew Van Winkle, started buying, renovating and reselling real estate.It wouldn't have been a shock if the former rapper who found early success had flopped career-wise after his music career ended, but he changed his tune.According to Van Winkle, it all started in 1992 when Hurricane Andrew destroyed his Florida home. He decided to fix it up and sell it himself. He…
A $211.3 million commercial mortgage-backed securities (CMBS) loan secured by the former Hollywood & Highland entertainment complex in Los Angeles has been placed into special administration due to an imminent default on the maturity of the loan, according to Trepp. The five-story property, set to rebrand as Ovation Hollywood in 2022, had been grappling with occupancy and cash flow issues and was facing an August maturity date on the NCMS 2019-FAME deal that Natixis initiated nearly five years ago. See also: Rents rise as immigration and insurance increase; apartment rents rise nationwide The 462,827-square-foot retail development, owned by Gaw Capital…
Trends in mortgage rates through the years In the past few years, homebuyers have faced a challenging “double whammy” as both mortgage rates and home prices have shot up. This squeeze on affordability has limited the purchasing power of many aspiring homeowners. Naturally, this raises the question: Will mortgage rates rise or fall? It’s a question that has kept many of us on the edge of our seats. Given that mortgage rates are still in the high 6% range, neither prospective home buyers nor current homeowners are finding enough reason to move or refinance. Nevertheless, a key turning point is…
leaseCommonwealth Commercial Partners, LLC reports the following transactions:Village Tobacco & Vape leased 1,649 square feet at 5100 Richmond Henrico Turnpike in Henrico.Amida Technology Solutions, Inc. leased 1,869 square feet at 4198 Cox Road in Henrico.Carilion Clinic Properties, LLC has renewed its lease for 787 square feet at 919 E. Main St. in Richmond.Environmental Resources Management, Inc. renewed its lease for 2,559 square feet at 919 E. Main St. in Richmond.RGN-Richmond, LLC has renewed its lease for 12,552 square feet at 919 E. Main St. in Richmond.Long & Foster Real Estate, Inc. has renewed its lease for 7,800 square feet at…