Real Estate

August 19, 2023 @ 6:52 pm By Omar Faridi  |  

Nottingham Building Society has announced further updates to its mortgage products, designed to support both residential and Buy-To-Let mortgage applicants. The new products, launched this week, “offer advantages for a broad spectrum of borrowers against a volatile economic backdrop.” Amongst the latest offerings is a… Read More

August 13, 2023 @ 2:05 pm By Omar Faridi  |  

Blackfinch Property, the Gloucester-based rapidly growing agile lender to the UK property market, has completed a £4.3m buy-to-let (BTL) refinancing loan “for the completion of a collection of seven modern and energy-efficient homes contained by a gated closed mews in Archway London.” The 24-month deal… Read More

August 9, 2023 @ 9:35 am By JD Alois  |  

Twino, an online investment platform based in Latvia, has announced the launch of short-term rental investment assets. Twino is licensed and supervised by the Bank of Latvia. The company is best known for its European peer-to-peer lending services. The company has been in business since… Read More

August 8, 2023 @ 12:13 pm By JD Alois  |  

Real estate investment platform Fundrise has announced a new fund that currently offers a large 13% dividend. In an email, Fundrise said the interest rate policy has “created a period of dislocation”  that has created a “wave of potential distress for borrows” while also creating… Read More

August 8, 2023 @ 8:44 am By Omar Faridi  |  

Zillow Group‘s  (NASDAQ: Z and ZG) new-construction listings will soon be automatically syndicated to Redfin, connecting home builders with motivated buyers on both platforms. The strategic partnership will aim to “expand the reach of home builder listings on Zillow and allow Redfin customers to explore… Read More

August 7, 2023 @ 12:50 pm By JD Alois  |  

Last week, CrowdStreet endured several difficult days as a report in WSJ.com was highly critical of the real estate investment platform, claiming that $63 million of investor funds had “gone missing.” The claim was due to a securities offering on CrowdStreet by an issuer that… Read More

August 7, 2023 @ 9:16 am By Omar Faridi  |  

Investment platform Shojin has teamed up with LINUS as well as Reinvest24 in order to expand various real estate opportunities. Shojin, a UK-headquartered FCA-regulated investment platform, has announced its partnership with LINUS Digital Finance, a Berlin-based real estate investment platform, and Reinvest24, an Estonia-based real… Read More

August 7, 2023 @ 2:17 am By Omar Faridi  |  

Without offsetting topline growth or debt reduction, management will need to increase efficiency and reduce investment “to retain earnings power and, even then, may face lower valuation multiples,” the team at Pitchbook noted in a comprehensive market update. Hence, Pitchbook now expects further underperformance “from… Read More

August 5, 2023 @ 1:52 pm By Omar Faridi  |  

Fundrise notes that the belief that a very real and potentially significant downturn still lies ahead has necessarily “been the foundation for all their decisions across the portfolio over the past six months.” As Fundrise noted at the beginning of the year and again in… Read More

August 4, 2023 @ 11:25 am By Omar Faridi  |  

Bridgecoin Capital unveiled the launch of their new lending platform, which is the first of its kind to lend customers’ crypto into traditional real estate assets. This novel model, “designed by the partnership of real estate and crypto professionals, is the first tax efficient method… Read More

August 3, 2023 @ 11:26 am By JD Alois  |  

CrowdStreet founder Tore Steen has stepped down from his CEO position at the real estate investment marketplace, and Jack Chandler has taken over as interim CEO, according to a statement by the firm. Steen had been one of the longest-serving CEOs in the real estate… Read More

August 3, 2023 @ 10:43 am By JD Alois  |  

While interest rates continue to rise, online property lender LendInvest is bucking the trend with a lower Buy to Let rate starting at 4.54%. According to the company, in a move to boost business and get landlords back in the market, they are offering a… Read More

August 3, 2023 @ 10:29 am By Omar Faridi  |  

CrowdStreet, one of the most established real estate investment platforms in the US, has been hit with a damning article claiming the $63 million in customer cash has gone missing. The errant funds stem from an office project in Atlanta that was reported in 2022…. Read More

August 3, 2023 @ 7:45 am By Omar Faridi  |  

Stavvy, the Fintech company reshaping digital and remote collaboration for lending and real estate, announced its strategic acquisition of Brace, a servicing technology company addressing the long-standing inefficiencies and lack of transparency stemming from outdated technologies in mortgage servicing. Through this strategic acquisition, the collective… Read More

August 2, 2023 @ 10:27 pm By JD Alois  |  

Groundfloor, a real estate investment platform, is now offering a series of new notes, with one that provides investors with an interest rate of 10%. Issued under the Reg A+ securities exemption, the Groundfloor notes represent non-traded, collateralized debt securities based on real estate loans…. Read More

August 2, 2023 @ 3:19 pm By JD Alois  |  

Luxury home marketplace Pacaso is reporting its “fastest selling Pacaso” ever. Pacaso is a home marketplace that enables the acquisition of homes, typically in desirable vacation or travel locations.  Co-founded by Austin Allison and Spencer Rascoff, Pacaso currently operates in 40 top second-home destinations. Pacaso says that… Read More

July 31, 2023 @ 10:43 am By JD Alois  |  

CapitalRise has provided financing for new luxury rooftop flats in Sloane Court East, Chelsea.  The loan will enable rooftop development, adding two storeys to the building which is currently six storeys high. Leading prime property finance firm CapitalRise has originated a new loan for the… Read More

July 30, 2023 @ 8:59 pm By Omar Faridi  |  

Clear Capital, a national real estate valuation technology company, announced that it has entered into a strategic partnership with BeSmartee, a digital mortgage solution development company, in order “to offer a cost effective and efficient solution for mortgage and home equity origination property valuations.” Clear… Read More

July 29, 2023 @ 1:25 pm By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a new, comprehensive range of Residential Mortgage products in order “to better serve Key Workers and Qualified Professionals.” The expanded range boasts “a diverse selection of mortgage products tailored to… Read More

July 27, 2023 @ 3:31 pm By JD Alois  |  

Janover, a Republic portfolio company, has listed its shares on the Nasdaq (JNVR). In a Tweet, Republic promoted the capital gains investors on their platform received touting an almost 200% return in three years. Congratulations to our portfolio company Janover Inc. for their #IPO and… Read More