Key Takeaways A wholesale mortgage lender is an institution that funds mortgage loans and offers them through a third party, such as a bank, credit union, or mortgage broker. Wholesale mortgage lending requires borrowers to deal with an intermediary rather than a lender. Wholesale lenders can offer lower interest rates and more relaxed qualification requirements compared to traditional lenders. There are many mortgage lenders out there, but they can be divided into two basic types: retail and wholesale. The difference is that retail lenders deal directly with individual borrowers, while wholesale mortgage lenders do not. Instead, they source and provide…
Author: Private Lending Agent
You've probably seen the recent news headlines: Commercial real estate is the “bomb” that will explode and destroy cities, banks, or both. But news headlines and many investors and regulators are assessing commercial real estate risk entirely wrong. They talk about the entire sector as if it consists of empty office buildings in downtown corridors emptied out by the post-COVID-19 remote-work economy. The reality is that commercial real estate encompasses a wide variety of products and locations that combine to form hyper-local submarkets. Many of these submarkets, especially neighborhood retail and mixed-use developments, are emerging from the pandemic disruptions stronger…
Boston, Massachusetts. Nixon Peabody is pleased to announce that a team of real estate attorneys specializing in land use, permitting and zoning — Partner Jennifer Schultz, Senior Counsel Adam Weisenberg and Counsel Jordan Smith — have joined the international law firm's Boston office. Jen will lead Nixon Peabody's Permitting and Land Use team. The addition of Jen, Adam and Jordan significantly expands Nixon Peabody’s capabilities in these key practice areas. Jenn focuses on permitting and land use work for complex, large-scale developments in the greater Boston area, Worcester and Springfield areas, and throughout southern New Hampshire and Rhode Island. Jenn…
The Bank of England's warning about the risks that commercial property lending poses to UK financial stability was the latest in a series of negative statements about the sector by European central banks in recent weeks. In its quarterly monetary policy overview published on March 27, the Bank of England warned of potential implications for the UK banking system as domestic, US and Chinese property borrowers are forced to refinance their debt at high costs. Commercial property prices, which have fallen sharply in many developed countries, “could fall further, resulting in significant losses for creditors,” it explained. The warning follows…
Illuminated skyscrapers stand in the central business district at sunset in Beijing, China on November 13, 2023.Vcg | Visual China Group | Getty ImagesDemand from new food and beverage brands, niche international fashion brands and electric car makers is driving interest in stores at the mall, according to JLL.The company expects demand to continue throughout the year, leading to rent increases that are well below pre-pandemic levels.Commercial real estate, which includes office buildings and shopping malls, accounts for only a small portion of China's overall real estate market.Office and commercial property sales rose 15% and 17% year-over-year in January and…
A good business plan is essential for any business to succeed, and the easiest way to simplify the task of writing one is to use a business plan template. You’ve already invested time and energy into refining your business model and planning your launch. There’s no need to reinvent the wheel when it comes to writing a business plan. Instead, use proven structures created by other entrepreneurs and startups to help you create a complete and effective plan. Read on to learn what it takes to create a solid business plan, download Shopify's free business plan template, and start making…
Median Price It's always important to remember that median prices fluctuate widely, especially when the sample size is small. For example, only 14 homes sold in Morrisville in March of this year. The smaller the town, the less relevant this information is. Cary, Apex, and Durham are large enough towns that median home price increases should be taken seriously. Competing Offers And as prices rise, it is not surprising that you start to see a lot of competing offers. The same is happening in our practice. The market is competitive right now!! Sign up for our newsletter to stay up…
Real estate investment trusts (REITs) own, operate, or finance income-producing real estate. REITs allow individuals to invest in many different types of real estate without directly owning or managing the property. REITs typically focus on a particular type of real estate, such as residential, commercial, or industrial, and are attractive to income-seeking investors because they are required to distribute a large portion of their taxable income to shareholders in the form of dividends.Let's look at two REITs with yields up to 7.1% that have been increasing their dividends in recent years.Cube SmartCubeSmart (NYSE:CUBE) is the third-largest owner and operator of…
This story is part of California Voices, a commentary forum aimed at deepening understanding of California and shining a spotlight on Californians directly affected by policies, or the lack thereof. Learn more here. *,.ca-voices-intro > h4:first-child{margin: 0;}.ca-voices-intro p{padding-block-start: 4px;font-size: 14px;line-height: 130%;}.ca-voices-intro a{color: #075E73;font-weight: 700;}@media screen and (min-width: 781px){.ca-voices-intro p{font-size: 16px;}}]]> Californians will be paying billions of dollars this month as they file their federal and state income tax returns and pay a second installment of property taxes. how much? Each year, California residents and California-based businesses pay roughly $500 billion in federal taxes, primarily personal income taxes, Social Security taxes,…
On June 1, 2024, Florida's business rental tax will automatically decrease from 4.5% to 2.0% with the implementation of the Wayfair Bill of 2021. The passage of Chapter 2, Florida Statutes, adopted the concept of economic nexus related to retail sales of tangible personal property by remote sellers and marketplaces. Part of the bill included a temporary freeze on Florida's unemployment tax rate and the diversion of General Revenue Fund funds to replenish the Unemployment Compensation Trust Fund, which was significantly depleted during the pandemic. Once the trust fund reaches pre-pandemic levels, the state legislature enacted a system that will…