On April 12, Kansas enacted the Commercial Lending Disclosure Act (the “Act”) with SB 345. The Act requires disclosure of certain commercial lending product transaction information, provides civil penalties for violations, and allows for enforcement by the Attorney General. The Act applies to all commercial loans, accounts receivable purchase transactions, and commercial open-end credit plans (if the transaction amount is $500,000 or less). According to this law, providers must disclose the total amount of funds provided and the total amount paid if the amount is less than the amount provided. In addition, providers must disclose the total amount that the…
Author: Private Lending Agent
A Bucks County startup that operates an alternative real estate investment marketplace has rebranded; the company formerly known as Yieldeasy is now Finresi. The new name combines the words finance and housing. “I think this has really helped us establish our brand as domain experts in real estate finance and real estate debt asset class investing,” Finresi co-founder Jeff Gopstein told Technical.ly. The Newtown-based company pivoted last spring from being a marketplace for buying apartments to being a marketplace that allows investors to invest in real estate loans and participate in real estate debt. After pivoting, Yieldeasy launched its new…
Learning about neighborhoods when shopping for a new home helps ensure you live in an area that truly feels like home. This is true of any city, but it is especially relevant for Portland, Oregon. Many neighborhoods have their own distinct flavor, activities, and ways of life. Which Portland neighborhoods are best for you and your family? We researched elements like the average home pricing, quality of schools, and the walk, bike, and transit scores to bring you our list of the top 10 neighborhoods. We also include a brief history of each area and its parks,…
David DeemBroker Associate714-997-3486The inventory of active homes for sale over the past few weeks has increased by 174 homes, up 9%, to 2,184. For the first time since April of last year, there are more homes on the market than a year ago. In March, 42% fewer homes were on the market compared to the pre-COVID three-year average (2017-2019), down 1,623 homes. In March of this year, there were 149 sellers on the market compared to 2023. Last year, there were 2,053 homes on the market, down 131 homes, down 6%. The pre-COVID three-year average (2017-2019) was 5,780 homes, up…
Sign up for our free weekly newsletter As I wrote for World Property Journal 10 years ago, when I first saw the film Her in late 2014, I immediately connected the film to AI and the future of real estate agents. Set in a near-future Los Angeles, “Her” is a romantic comedy starring Joaquin Phoenix as a lonely man who forms a unique bond with his artificially intelligent virtual assistant, Samantha, an anthropomorphized smartphone super app voiced by Scarlett Johansson. In the film, “Samantha” represents an advanced general intelligence (aka “AGI”) with cognitive thinking capabilities, conversational speech recognition, quantum computing…
NEW YORK, April 19, 2024–(BUSINESS WIRE)–KKR Real Estate Finance Trust (the “Company” or “KREF”) (NYSE: KREF) announced that its Board of Directors has declared a dividend of $0.40625 per outstanding share of the Company's 6.50% Series A Cumulative Redeemable Preferred Stock, representing an annual dividend of $1.625 per share. The dividend will be payable on June 14, 2024 to shareholders of record on KREF's preferred stock register as of May 31, 2024.About KKR Real Estate Finance Trust Inc.KREF is a real estate finance company primarily engaged in originating and acquiring senior loans secured by commercial real estate. KREF is externally…
“While loans of all real estate types are adapting to rising interest rates and uncertainty in property values, continued uncertainty about the impact of hybrid work is creating new challenges for office properties and loans,” Jamie Woodwell, MBA's head of commercial real estate research, explained in the report. Delinquency rates varied across other property types, with residential mortgage delinquency balances at 6.3% (up from 6.1%), retail residential delinquency balances at 4.7% (down from 5.0%), multifamily delinquency balances at 1.2% (unchanged), and industrial real estate loan delinquency balances at 1.2% (up from 0.9%). Pointing to the diversity of the commercial real…
How Environmental Insurance Due Diligence Affects Commercial Real Estate Transactions | Insurance Business America Environmental How Environmental Insurance Due Diligence Affects Commercial Real Estate Transactions The key to success is “understanding complexity” environment Kenneth Araullo As the commercial real estate industry undergoes significant change, environmental insurance has become even more important in real estate transactions. This type of insurance is essential to manage the risks associated with environmental liability, which can vary greatly depending on the history and location of a property. In industries where potential contamination can affect property values and legal liability, environmental insurance can provide a safeguard,…
Yellowstone Real Estate has just acquired the defaulted commercial mortgage-backed securities (CMBS) loan at 1740 Broadway, according to information obtained by Commercial Observer. See also: Sterling Bay-led joint venture signs two new DC office tenants The company bought the loans on office assets previously owned by Blackstone for “just under $200 million,” according to a source familiar with the industry. The acquisition is just the latest bond purchase by Yellowstone, the investment firm led by Isaac Hella, which has been on a string of turnaround deals in recent months. Yellowstone made headlines in September when it bought $106 million in…
The world is waiting for a commercial real estate crisis to hit, so what should financial advisors do as it looms? Things are likely to get worse before they get better for commercial real estate, said Rich Byrne, president of real estate credit giant Benefit Street Partners, who sees demand for office space continuing to decline as workers who used to come into the office five days a week are now coming in four or even three days. “There's an oversupply of office space,” he said. “Obviously, the better quality properties are doing well, Class A properties are doing better…