The Paramus, New Jersey-based real estate investment and development firm Reynolds Asset Management has acquired two multifamily communities – Park Lamont and The Lumos – in Cleveland for $30.6 million Reynolds completed the transaction in partnership with The...
The digital mortgage platform Beeline Holdings Inc., (NASDAQ: BLNE) has announced plans to launch of a stablecoin-backed home equity access product that allows homeowners to convert a portion of their home equity into immediate cash without incurring debt or monthly...
A Texas realtor has pleaded guilty to conspiracy to commit wire fraud in a scheme that used false warranty deeds to mislead lenders and real estate clients. According to the charges brought against him, Mario Alberto Rodriguez defrauded homebuyers and short-term...
The Kansas City-based private investment firm Platform Ventures is rolling out a multifamily development unit focused on ground-up apartment development and construction. In a statement, the company said it was pursuing this strategy because it “believes multifamily...
National Multifamily Corp. announced the sale of a six-unit multifamily property in Greenwich, Connecticut, for $2.07 million, or $344,167 per unit. Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...
