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New Lending Platform Aims at Multifamily Property Owners

New Lending Platform Aims at Multifamily Property Owners

by Phil Hall | Oct 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A trio of real estate organizations – Smith Hill Capital, ECI Group and InterVest – have teamed up to create a $250 million private lending platform that will provide financing on first mortgages, mezzanine loans, and preferred equity investments to multifamily...
Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects

Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects

by Phil Hall | Oct 14, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Winnipeg real estate agent had his license suspended and was fined for concealing the defects in a home prior to its sale and then lying to investigators about his actions. CBC News reported Mahmood Peyawary bought a home in the Westdale section of Winnipeg in March...
Michigan Real Estate Agent Sentenced in Child Predator Case

Michigan Real Estate Agent Sentenced in Child Predator Case

by Phil Hall | Oct 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate agent in Lansing, Michigan, was sentenced to up to 20 years in prison on a charge of sexually abusive activity involving a child. According to the Lansing State Journal, 64-year-old John DeMarco received a sentence of 30 to 240 months from Judge Matthew...
Leadership Change at Arch Capital Group

Leadership Change at Arch Capital Group

by Phil Hall | Oct 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Arch Capital Group Ltd. (NASDAQ: ACGL), a provider of insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries, announced the promotion of Nicolas Papadopoulo as CEO. Papadopoulo, who is also joining the company’s board...
Hits and Misses for the Real Estate Week of Oct. 7-11

Hits and Misses for the Real Estate Week of Oct. 7-11

by Phil Hall | Oct 11, 2024 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A busy week for NAR, the struggle by Maui’s wildfire survivors, and guess who’s coming to dinner (and breakfast and lunch)? From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 7-11. Hit: NAR Fights Back. The National...
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