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Knock Rolls Out New Bridge Loan Plus

Knock Rolls Out New Bridge Loan Plus

by Phil Hall | Nov 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Atlanta-based fintech Knock has unveiled Knock Bridge Loan Plus, a new product designed to pay off a homeowner’s existing mortgage upfront. According to the company, the product can pay off the homeowner’s current mortgage and release the equity locked up in their...
Share of First-Time Homebuyers at Record Low

Share of First-Time Homebuyers at Record Low

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of first-time home buyers has reached a record low while the typical age of first-time buyers hit a 40-year high, according to the 2025 Profile of Home Buyers and Sellers report published by the National Association of Realtors (NAR). For the...
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community

Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Advanced Real Estate has acquired The Cove at West Covina, a 138-unit Southern California apartment community, for $41 million. Formerly known as Langdon Park, the gated property offers a mix of units ranging from studio to three-bedroom configurations. The...
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

by Phil Hall | Nov 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

NewDay USA has rolled out NewDay Home, a product designed to help veterans and servicemembers achieve homeownership. According to the West Palm Beach, Florida-based company, NewDay Home enables qualifying borrowers to secure a fully underwritten, credit- and...
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower

JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower

by Phil Hall | Nov 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In what could be seen as a major endorsement of Florida’s beleaguered condo market, JLL’s Capital Markets announced it secured $565.35 million in construction financing for The Residences at 1428 Brickell, a 70-story luxury condo tower in Miami’s Brickell...
LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction

LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction

by Phil Hall | Nov 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Los Angeles mansion that was briefly the most US expensive home listed for sale is scheduled to be sold in a foreclosure auction. The Wall Street Journal reports the 8.5-acre Casa Encantada, which made headlines in 2023 with an audacious $250 million listing price,...
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