David DeemBroker Associate714-997-3486The inventory of active homes for sale over the past few weeks has fallen by three and is roughly flat, now at 1,939. This is the second lowest mid-February figure since tracking began in 2004, behind 2022. In January, 1,072 homes were on the market, 35% fewer than the pre-COVID-19 three-year average (2017-2019). This year, 277 more sellers are on the market compared to January 2023. Last year, 2,305 homes were on the market, a 19% increase of 366 more homes. The pre-COVID-19 three-year average (2017-2019) was 4,977, a 157% increase and more than double.· Demand, or month-over-month…
Author: Private Lending Agent
The timing couldn't be worse for Donald Trump, who faces the possibility of having to sell property to cover a huge judgment. The former president said in a court filing on Wednesday that he may soon need to raise “contingency funds” to pursue his appeal of the $454 million civil fraud judgment New York state issued against him. Tough market conditions for many commercial property owners mean he faces big losses in his real estate empire if he sells the assets. The billionaire has few options: To put the fine on hold while he appeals, he must pay the full…
CHICAGO, Feb. 29, 2024 (GLOBE NEWSWIRE) — Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust company, announced that its wholly owned finance subsidiary, Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), has entered into a Fifth Amended and Restated Loan and Security Agreement between Chicago Atlantic Lincoln and a syndicate of FDIC-insured financial institutions to extend the maturity of its $100 million secured revolving credit facility (the “Revolving Loan”) and expand the accordion feature of the Revolving Loan to facilitate up to an additional $150 million in commitments. The…
Harvard University has acquired hundreds of millions of dollars' worth of land in Allston since 1989, many of them in large, high-profile deals that have spurred some of the area's largest developments.But quietly, the university has been beefing up its portfolio with about 40 commercial properties scattered throughout Lower Allston and Brighton, housing a variety of neighborhood businesses, from car dealerships to cafes, single-story offices to restaurants, towing services and garden centers.Currently, according to a Crimson analysis, nearly a quarter of these properties are vacant.Many of the vacant commercial properties will be redeveloped and converted into office, lab, residential, and…
Key members of the FSU real estate investment fund team include Master of Finance student Jacob Kelly, faculty advisor Mariya Letdin, MSF student Sierra Wicker and MBA student Will Myers. (Katie Xanders/School of Business) Selected master's degree students at Florida State University's College of Business continue to enjoy the educational and professional benefits of a unique investment vehicle that provides real-world experience in real estate securities. The FSU Real Estate Investment Fund (REIF) is one of the few funds of its kind and size, with approximately $2.35 million outstanding in real estate investment trusts (REITs) alone, and with a team…
New York CNN — It's no secret that commercial real estate (CRE) has been a source of stress for banks: If banks had known a pandemic was coming that would completely disrupt where people work, they might have been more cautious about lending to clients who rent out space in office buildings. But now a tough timeline lies ahead: $2.2 trillion in commercial real estate loan payments loom over the next three years, according to data firm Trepp. Office vacancy rates are at an all-time high as people continue to work remotely, putting office building owners in a bind, leading…
While the U.S. economy remains resilient, commercial real estate market performance through the first month of 2024 presents a nuanced picture with sector-specific challenges and opportunities. The normalization of hybrid work styles continues to negatively impact office demand, leading to an increase in vacant office space on the market. However, fundamentals in the multifamily, retail and industrial sectors remain strong, illustrating the variability in performance across the CRE market. Below is an overview of how different commercial real estate sectors are performing at the start of 2024. housing complex With mortgage rates hovering near 7%, the demand for apartments is…
Commercial loan interest rates vary depending on the type of loan, the lender, funding speed, collateral, economic conditions, and other factors. Here we explain commercial loan interest rates, how they are calculated, and how to get the best rate on your next business loan. What are your current business loan interest rates? Bank Commercial Loan Interest Rates Bank Commercial Loan Type Median Maximum Rate New Fixed Rate Term Loans 7.711 10.75 New Floating Rate Term Loans 8.806 11.250 Bank Commercial Loan Rates. Source: Federal Reserve Small Business Credit Survey, 3rd Quarter 2023 The Federal Reserve conducts a survey of U.S.…
New York CNN — It's no secret that commercial real estate (CRE) has been a source of stress for banks: If banks had known a pandemic was coming that would completely disrupt where people work, they would have been more cautious about lending to clients who rent out space in office buildings. But now a tough timeline lies ahead: $2.2 trillion in commercial real estate loan payments loom over the next three years, according to data firm Trepp. Office vacancy rates are at an all-time high as people continue to work remotely, putting office building owners in a bind, leading…
However, multifamily and industrial, which were very popular in the post-pandemic period, may see further cap rate compression going forward. Multifamily cap rates increased 121 basis points from the second quarter of 2022, according to CoStar data. The sector finished 2023 at an average of 6.8%, which is on par with the 6.6% at the end of 2019 just before the pandemic, indicating that multifamily is resetting from temporarily lower cap rates. In contrast, the industrial sector has only increased 27 basis points over the same period, attributing this to strong fundamentals driven by inflated cash flows and demand for…