Scale Lending, the debt financing arm of Slate Property Group, announced a partnership with Harel Finance that will center on construction and bridge loans for multifamily and condominium projects. Scale directly originates senior secured whole loans, focusing on...
The New York City-based private-equity firm KKR (NYSE: KKR) has acquired a portfolio of 18 multifamily properties across multiple states for $2.1 billion. The Wall Street Journal reported the acquisition encompasses more than 5,200 apartment units in newly built mid-...
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...
Bank of America (NYSE:BAC) is purchasing a portfolio of 2,000 commercial multifamily real estate loans from Washington Federal Bank, the wholly owned subsidiary of WaFd (NASDAQ:WAF), for $2.9 billion. In a filing with the U.S. Securities and Exchange Commission, WaFd...
The Milwaukee-headquartered real estate investment firm F Street has launched VAM Fund 1 LLC, a platform focusing on the purchase, renovation and re-leasing of distressed multifamily properties. The fund is initially concentrating on the acquisition of a portfolio of...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
