Total commercial/multifamily mortgage debt outstanding rose to $4.70 trillion at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA), a $40.1 billion or 0.9% upswing from the previous quarter. Multifamily mortgage debt alone...
A New Jersey-based real estate investor pleaded guilty for his role in a multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to fraudulently acquire multifamily and commercial properties. Aron Puretz was an employee of Apex Equity Group, a...
An Illinois hospital that closed in 2023 after 120 years in operation is being put up for auction in a Chapter 11 bankruptcy sale. The former St. Margaret’s Health Hospital in Spring Valley, Illinois, encompasses a five-story former hospital plus an adjacent two-story...
A West Virginia landmark known as the “Castle of the Coalfields” has been relisted after a potential sale fell through. West Virginia Explorer reported the historic Itmann Company Store is available again at $250,000. It was originally listed in March 2023 for...
Connecticut Gov. Ned Lamont has committed $8 million in state funds to remediate and redevelop two properties that will encompass a proposed minor league soccer stadium in Bridgeport, the state’s largest city. The funds are part of a $26.3 million grant program that...
An update to the VA home loan program, the CFPB trying to help mortgage originators and Jack in the Box marching into Georgia. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 10-14. Hit: Score One for the VA. This week,...
HUD Updates 14 FHA Policies in Move to Improve Affordability
