The Mortgage Bankers Association (MBA) released a series of legislative recommendations on Wednesday that it sent to the chairman and ranking member of the U.S. House Financial Services Committee, which is considering amendments to a bill centered on real estate lending. The first part is House Joint Resolution 120, which codifies Congress's disapproval of rules submitted by the U.S. Department of the Treasury's Financial Stability Oversight Council (FSOC) that provide a designation framework for classifying non-bank financial institutions as systemically important, without resulting in any conclusions or designations. The MBA has consistently opposed such measures, with President and CEO Bob…
Author: Private Lending Agent
Apollo Commercial Real Estate Finance (ARI, Finance) reported insider selling, according to a recent SEC filing. President and CEO Stuart Rothstein sold 40,000 shares of the company's stock on April 15, 2024. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Apollo Commercial Real Estate Finance is a real estate investment trust that originates, acquires, invests in, and manages primarily commercial first mortgage loans, subordinated loans, commercial mortgage securities, and other commercial real estate related debt investments. Over the past year, insiders have sold a total of 160,000 shares and made…
Commercial real estate foreclosures increased 6 percent from the previous month and 117 percent from last year. The states with the highest number of commercial real estate foreclosures in March 2024 were California, New York and Florida. IRVINE, CA — April 17, 2024 — ATTOM, a leading curator of land, real estate and real estate data, today released its latest monthly report on commercial foreclosures in the U.S. The report shows a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020 to a current figure of 625 in March 2024, indicating a steady…
Editor's note: We earn commission from Forbes Advisor partner links. Commissions do not influence our editors' opinions or ratings. In the early stages of a business, it's easy to get passionate about your product or service. The legal requirements to operate legally are not as exciting. Requirements vary widely depending on your industry, type of business, and location. While there's no substitute for the advice of experienced legal counsel, this guide outlines some of the most important legal requirements for starting a small business in 2024. Before you get too far with your business plans, make sure you understand what…
Step 1. Establish your business name and legal structure If you plan to operate your business as a limited liability company (LLC), corporation, or other formal legal entity, you will need to set up your business before applying for a business license. You can do this by filing business formation papers with the Secretary of State. If you plan to operate your business as a sole proprietorship or partnership, you won't need to file formation papers, but you will need to register a trade name or “DBA” with your county if you won't use your personal name as the business…
The Recovery Loan Scheme has been expanded and renamed the Growth Guarantee Scheme from 1 July 2024. You can find out more about the Growth Guarantee Scheme here. About this systemThe Recovery Loan Scheme (RLS) is a government-backed loan scheme designed to help raise capital for UK businesses looking to invest and grow.Borrowers not covered by the Northern Ireland Protocol can be supported with loan sizes of up to £2 million. Borrowers covered by the Northern Ireland Protocol can borrow up to £1 million, unless they operate in a sector where the aid limits are reduced, in which case a…
Let’s talk about Q1 2024 in the Whistler and Pemberton real estate markets. Inventory levels rose throughout the quarter and consumer confidence also grew after the Bank of Canada kept interest rates on hold and signaled the first rate cuts would come later this year, setting the stage for what is expected to be a strong spring market. Whistler Whistler saw a total of 117* sales in the first quarter, with January and February seeing two consecutive months of increased sales, followed by a slight slowdown in March. While overall sales volume was comparable to the same period last year,…
Nestled in the beautiful landscape of Twin Falls, Idaho, is Shoshone Falls, a natural wonder that captivates visitors with its breathtaking beauty and awe-inspiring power. Known as the “Niagara of the West,” Shoshone Falls is a majestic waterfall on the Snake River that offers a mesmerizing experience for nature lovers, photographers and adventure seekers. Shoshone Falls is a geological wonder that shaped the Earth. Formed thousands of years ago during the Bonneville Flood, a cataclysmic event that shaped the rugged landscape of the Snake River Canyon, the falls tumble over a 212-foot-high rim, creating a spectacular spectacle of cascading water…
The process of setting rent for a property is not as simple as you might think. There are many variables to consider that will affect the final amount. Whether you are a tenant seeking a new lease, an investor looking for a new opportunity, or a developer looking to maximize revenue, understanding what determines rent is important. Let's take a closer look at the myriad factors that play a key role in setting rent. Physical factors Construction Cost When a developer or initial landowner constructs a property, they incur significant costs including materials, labor, and sometimes interest on loans taken…
Is the Marriott Bonvoy Business® American Express® Card worth it? The Marriott Bonvoy Business® American Express® Card is a good option for small business owners, but only if you frequent Marriott properties. This co-branded card comes with Marriott-related perks that more than make up for its $125 annual fee, including a generous welcome bonus, annual free night rewards, and Marriott Bonvoy Gold Elite status. American Express isn't widely accepted outside the U.S., so you'll get the most value from this card if most of your travel is domestic. Pros and Cons Like any hotel credit card, the Marriott Bonvoy Business…