We surveyed more than a dozen mortgage lenders across the U.S. that operate both online and in-person. The lenders surveyed are some of the largest mortgage lenders by volume, including banks, credit unions, and online lenders. We selected these lenders that don't charge origination fees and offer perks in other areas. Our scoring methodology involves collecting 10 data points, including interest rates, lender fees, loan type, discounts, accessibility, and borrower requirements. We compared each lender's advertised mortgage rate to the average mortgage rate reported in Freddie Mac's Primary Mortgage Market Study. This data was accurate as of the reporting period.…
Author: Private Lending Agent
Hawaii's commercial real estate market is dynamic. It's a complex landscape that includes not only industrial and office properties, but also future residential properties. Some relief is on the way for Hawaii's marginal industrial space, according to Trent Toms, senior vice president at CBRE. Two of the company's projects will add capacity: Kapolei Harborside, developed in partnership with James Campbell Cos., a 3 million-square-foot industrial-grade warehouse near Kalaeloa Harbor. The other is the Maui Airport Industrial Center in Kahului, Maui, which is scheduled to begin operations in the first quarter of 2025. Kinan Pang, senior associate at Commercial Asset Advisors,…
The Alaska Permanent Fund Corporation may reduce its allocation to real estate to 11% from the current 13% as part of a change to the sovereign wealth fund's asset allocation mix. Alaska Permanent said in meeting documents that the rationale for the proposed changes, which could begin in 2025, stems from a belief that investing in real estate has become less attractive than it was 12 months ago. If approved, the proposed asset allocation would simplify Alaska Permanent's real estate investment strategy: Real Estate Investment Trusts (REITs) and their benchmarks would be eliminated, and the NCREIF NPI Index would become…
Milwaukee commercial real estate firm Cushman & Wakefield | Balk has named Shawn Robbins as its chief executive officer. Robbins will be the third CEO in the firm's 103-year history. A fifth-generation Wisconsin native, Robbins has 20 years of leadership experience in both the private and public sectors in real estate, economic development and healthcare, according to a press release. Most recently, Robbins held several leadership roles within the Blue Cross Blue Shield system, serving as president of a $350 million healthcare company serving clients in four western states and then as executive vice president of the National Blue Cross…
In a decision consistent with the majority of courts across the nation, the California Supreme Court resolved the question of coverage for business closures due to COVID-19 with a virus exclusion, meaning that the presence of the virus on an insured’s premises does not establish direct physical loss or damage to property within the meaning of a commercial property insurance policy. The question arose in response to a lawsuit filed by Another Planet Entertainment, the owner of several music concert venues in California that were forced to close during the pandemic, against Vigilant Insurance Co. Another Planet filed suit against…
Banks' exposure to commercial real estate has been under scrutiny for more than a year, but researchers say the full extent of a possible crisis remains unclear.According to Bloomberg, the credit facilities and loan terms that banks offer to real estate investment trusts give large financial institutions more exposure to commercial real estate than regulators realize. That conclusion comes from a recent study led by Bilal Acharya, an economics professor at New York University, and Max Jaeger, an assistant professor at the Frankfurt School of Finance and Management. The researchers found that large banks' exposure to commercial real estate loans…
Cook County Assessor Fritz Kaege shared information about recent rule changes on how mixed-use buildings are assessed at a commercial property tax forum Wednesday morning, previewing how Evanston property values may change in next year's reassessment. Cook County Assessor Fritz Kaege speaks during a commercial property tax forum at the Robert Crown Community Center on Wednesday morning. Photo by Alex Harrison At the Robert Crown Community Center, Kaege, along with Cook County Commissioner Josina Morita, spoke to commercial building owners, business district representatives and local politicians from Morita's 13th Township district. Under the county's three-yearly schedule, a reassessment of the…
Best Quick Business Loans of June 2024 Best for Short-term Loans OnDeck Editor’s Take We picked OnDeck because it offers a line of credit with a short 12-month repayment term that resets after each withdrawal. Credit limits range between $6,000 to $100,000. It also offers a term loan with a repayment schedule of up to 24 months from $5,000 to $250,000. Pros & Cons Term loans from $5,000 to $250,000 Lines of credit from $6,000 to $100,000 Same-day funding Low minimum credit score requirement $100,000 minimum annual revenue requirement Must have been operating for at least one year Does not…
Rising costs are due to the increased frequency and severity of extreme weather events caused by climate change. These events can cause significant damage to property, leading to higher claims and, ultimately, higher insurance premiums for commercial property owners. But the report also suggests a potential solution: By investing $3.35 billion in seismic retrofitting of homes, insurers could make two-thirds of substandard homes more resistant to weather damage. This investment could save the insurance industry up to $37 billion by 2030 through reduced weather-related claims. “The dramatic changes occurring in financial services as a result of emerging technologies and innovation…
Featured Partner OffersLoan amounts $5,000 to $250,000Best Low-Interest Business Loans BEST FOR A LENDER COMPARISON SITE Lendio Editor’s Take Lendio is an online business loan marketplace that connects prospective borrowers with traditional banks and nonbank online lenders. By filling out one application, business owners are able to connect to over 75 lenders. Over its existence, Lendio has helped small business owners receive over $12 billion in funding nationwide. Applicants may see Lendio as a one-stop shop. You can apply for business loans, lines of credit, SBA loans, equipment financing, merchant cash advances (MCAs), commercial mortgages, invoice factoring and business acquisition…