Nerdwallet analyzed national, regional and online financial institutions to find the best banks for small businesses in North Carolina. We prioritized banks that offered free or low-fee business checking accounts alongside other business services, including business loans, high-yield savings accounts, merchant services and business credit cards. Weigh the features most important to you when choosing a bank for your business, whether those be branch locations, cash deposits, customer support or account flexibility. While online banks score points for minimal fees and easy accessibility, live customer support can be lacking. Brick-and-mortar banks typically have more fees and restrictions but offer a…
Author: Private Lending Agent
Bank of America downgraded six companies in the commercial real estate (CRE) mortgage REIT sector, saying it sees a “challenging road ahead” for the industry due to interest rate headwinds and weakening fundamentals. Bank of America research analyst Eric Dray, CFA, said in a client note on Monday that the sector's book values could trend downward over the coming quarters, dampening investor sentiment. According to Bank of America, “the U.S. office sector faces headwinds from a delayed return to the office,” as evidenced by weak real rent growth of just 0.5% year-over-year in the fourth quarter of 2023 and a…
Chicago Mayor Brandon Johnson is pushing ahead with a $1 billion renovation of vacant downtown buildings to combat a commercial real estate crisis that has seen sales prices fall by more than 50%. The city, led by a progressive Democrat who took office less than a year ago, is in talks with developers to hammer out a plan to reuse buildings on and near LaSalle Street, formerly known as Chicago's Wall Street, which has been delayed by high interest rates and is expected to be announced by the summer, said Jill Jaworski, the city's chief financial officer. Chicago, like many…
CNN — After decades of growth fueled by low interest rates and easy financing, commercial real estate has hit a wall.Valuations of office and retail real estate have fallen since the pandemic changed how people live, work and shop, and the Fed's efforts to fight inflation by raising interest rates have also hurt credit-dependent industries.The effects have been felt around the world, with banks in the U.S., Japan, Switzerland, Germany and elsewhere forced to write off billions of dollars in bad loans. Shares of New York Community Bancorp, hit hard by real estate losses, have fallen 66% so far this…
This article first appeared in CNN Business' Before the Bell newsletter. Not a subscriber yet? You can sign up here. You can listen to the audio version of the newsletter by clicking the same link. New York CNN — After decades of growth fueled by low interest rates and easy lending, commercial real estate has hit a wall. Valuations of office and retail real estate have fallen since the pandemic changed how people live, work and shop, and the Fed's efforts to fight inflation by raising interest rates have also hurt credit-dependent industries. The effects have been felt around the…
Total platform capital commitments are $11 billion, with $4 billion of remaining capacityBEVERLY HILLS, Calif., March 4, 2024 –(BUSINESS WIRE)–Global real estate investment firm Kennedy Wilson (NYSE: KW) announced that its real estate debt investment platform has more than doubled in size over the past year, reaching $7 billion in disbursements with a strong pipeline of new investment opportunities.This milestone follows Kennedy Wilson's acquisition of a $4.1 billion loan portfolio from a regional bank in June 2023 and subsequent integration of the bank's lending team, which strengthened its real estate lending capabilities and expanded Kennedy Wilson's presence in key markets…
Downward angle icon Downward angle icon. “For sale” signs keep turning into “Sold,” even though some experts predicted Austin's housing market would crash. Brandon Bell/Getty Images Austin's housing market is booming again, despite recent predictions that it would crash. National forecasts predict rising home prices despite still-high interest rates. That's good news for homeowners and bad news for those hoping to get into the market. The Austin, Texas housing market, which some thought might collapse, is starting to boom again.While this may be a sign of relief for homeowners across the country, it's bad news for would-be buyers.Austin's sharp rise…
Located in the heart of Gem County, Idaho, Emmett is a charming city that embodies the essence of small town America with its unique blend of country charm and modern amenities. Situated on the picturesque Payette River and surrounded by rolling farmland and beautiful scenery, Emmett is a haven for outdoor enthusiasts, history buffs and those looking for a quiet getaway from the hustle and bustle of city life. The vibrant town of Emmett, Idaho offers plenty of activities for residents and visitors to explore and enjoy. Start with a leisurely stroll through the historic downtown area, decorated with charming…
March…Spring is here. Meteorological spring arrives on March 1st, and calendar spring on the 20th. Will he come in like a lion or like a lamb? It's a mixed month weather-wise, with longer light as daylight increases by eight seconds each day and the upcoming change to daylight saving time also contributing factors. Gulf Islands Real Estate and Seasonality March also marks the start of the Gulf Islands seasonality in the real estate market. The period from March Break (mid-month) through Canadian Thanksgiving weekend (mid-October) is often referred to as Salt Spring and the Gulf Islands “season.” Current Market Overview…
B.C.'s new home resale tax may be little more than an election ploy For Premier David Eby's new home resale tax to truly make sense in British Columbia, it needs three key ingredients that were missing from the government's informal announcement this week: a DeLorean, a flux capacitor and roads strong enough to reach speeds of 88 mph. Only then can we go back in time, like in a “Back to the Future,” and tailor the anti-flip tax to a point in time when it would have made a noticeable difference, such as 10 years ago or in 2022, post-pandemic.…