Real estate credit veteran Karina Williams has launched an investment management firm called Caro Investments with a capital infusion from TPG Next, executives from both companies told PERE. TPG Next, San Francisco-based alternative asset manager TPG's platform for backing emerging and undervalued companies, has made an undisclosed anchor investment in Chevy Chase, Maryland-based Caro. The new manager will launch mid-market private debt investments secured by multifamily, industrial and investment-grade retail properties. Williams worked in investment banking at Goldman Sachs & Co. before moving to New York-based investment management firm Capri Capital Management and Chevy Chase-based Artemis Real Estate Partners. Most…
Author: Private Lending Agent
According to the latest data from the Bureau of Labor Statistics, the U.S. inflation rate fell from 3.3% to 3.0% between May and June, while prices rose 0.1%. The Danish Chamber of Commerce commented that the inflation rate was “surprisingly low”. It also increases the chances that the United States will cut interest rates in September, which could ultimately lead to lower mortgage rates in Denmark, the organisation's analysts said. “This is certainly good news for Danes who are craving slightly lower interest rates,” senior economist Tore Strummer said on July 11. Interest rates in Denmark, including on mortgages, are…
Title insurance is essential to protect homebuyers and lenders from potential legal disputes over the intricacies of property ownership. This type of insurance covers tax liens, unpaid work, and title disputes, so you can be assured that there are no undisclosed claims against the home you purchase. In this article, we’ll take a closer look at the importance of title insurance in Florida and how it can protect your investment and give both parties peace of mind. If you want to sell your Florida house faster and stress-free, consider using iBuyer.com. We can help you receive multiple cash offers quickly,…
Musa 81 Austin Rogers Co-Producer About a year ago, we conducted an extensive analysis of commercial mortgage REITs to see if we could find attractive value. Residential mREITs' spread-based business models are less attractive to us and have led to lower long-term returns, while commercial real estate mREITs have performed better to varying degrees. On a total return basis, only one commercial mREIT underperformed the VanEck Mortgage REIT Income ETF (MORT), which is heavily weighted towards residential mREITs. Y Chart The only struggling commercial mREIT, KKR Real Estate Finance Trust (NYSE:KREF), is only just starting to see its performance weaken…
Musa 81Austin Rogers Co-Producer About a year ago, we conducted an extensive analysis of commercial mortgage REITs to see if we could find attractive value. Residential mREITs' spread-based business models are less attractive to us and have led to lower long-term returns, while commercial real estate mREITs have performed better to varying degrees. On a total return basis, only one commercial mREIT underperformed the VanEck Mortgage REIT Income ETF (MORT), which is heavily weighted towards residential mREITs. Y ChartThe only struggling commercial mREIT, KKR Real Estate Finance Trust (NYSE:KREF), is only just starting to see its performance weaken just a…
RAW Capital Partners has hired Mark Stevens as head of credit for the investment and mortgage company. The Guernsey-based company said the banking industry veteran's role will involve “developing the team and contributing to the company's product development by helping them optimise processes and better understand and mitigate risks associated with the business”. Stevens joins from Northern Trust, where he served as a vice president after just over three years. During his 40-year career, Mr Stevens has also held senior roles at Butterfield Bank and Barclays Bank. According to the investment firm, he served on multiple credit and risk committees…
ElzeneysInvestment Thesis Arbor Realty Trust's (NYSE:ABR) portfolio is showing signs of weakness according to its latest 10-Q report, with management anticipating further difficulties before a possible recovery. Recent news that the Department of Justice and FBI are investigating ABR for allegedly misrepresenting its financial position suggests that there may be hidden delinquent assets beyond the significant amounts already reported on the balance sheet. Given these risks, it may be wise to consider adopting a defensive strategy. Hold: ABR's preferred stock, which offers some protection in case of further deterioration. Sell: ABR's common stock, as the downside potential seems to outweigh…
Experts are urging Brits to take action, saying savers are being “losing out” on interest rates offered by banks' easy-access accounts.Following recent action from the Bank of England, interest rates on savings accounts have been increased.The central bank's Monetary Policy Committee (MPC) raised the base interest rate to 5.25% to combat inflation.One benefit of this is that savings rates have risen significantly in recent years.However, new analysis from MoneyFacts has found that the average closed easy access rate over the past two years is lower than the actual easy access rate.The difference between the average closing rate and live rate…
Texas Permanent School Fund Inc. increased its holdings in Blackstone Mortgage Trust Co. (NYSE:BXMT – free report ) by 1.3% during the first quarter, according to the fund's latest 13F filing with the Securities and Exchange Commission. The fund bought an additional 1,929 shares during the period, giving it a total holding of 150,574 shares of the real estate investment trust. Texas Permanent School Fund Inc. held approximately 0.09% of Blackstone Mortgage Trust Co., valued at $2,998,000 as of the end of the most recent reporting period. Other hedge funds and institutional investors also recently modified their holdings in the…
Remember when a reader asked, earlier this year, if we had seen the death of the “Friday Rant” blog feature here on Toronto Realty Blog? I had honestly never considered that until a reader posted, and yet I am, looking for a dance partner, but with no place to dance… The “Monday Morning Quarterback” feature has always, in case you’re not familiar with the term, been meant to explore a topic after the fact. And last week, many of us spent time exploring and abhorring an idea that our esteemed Prime Minister, Justin Trudeau, seems to be in favour of: A…