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Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion
Commercial banks continue to hold the largest share (38%) of commercial/multifamily mortgages at $1.8 trillion. Continue Reading Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion
Median Rents in Manhattan Drop for the First Time in More Than Two Years
Manhattan’s median rents hit a record high of $4,400 in August. Continue Reading Median Rents in Manhattan Drop for the First Time in More Than Two Years
Mortgage Rates Drop Below the 7% Mark
The 30-year fixed-rate mortgage averaged 6.95% as of Dec. 14. Continue Reading Mortgage Rates Drop Below the 7% Mark
Q3 Home Flipping Down, But Profits Are Up
The typical profit margin in the third quarter was 29.8%. Continue Reading Q3 Home Flipping Down, But Profits Are Up
Thrive Mortgage and Lower.com to Merge
Lower CEO and co-founder Dan Snyder will lead the combined team. Continue Reading Thrive Mortgage and Lower.com to Merge
FCP Provides $22 Million in Preferred Equity for Two Multifamily Developments
“FCP is pleased to provide financing through our Structured Investments platform for these transactions, each well-located in a dynamic Southeast market,” said FCP’s Kevin Murphy. Continue Reading FCP Provides $22 Million in Preferred Equity for Two Multifamily Developments
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