Real Estate

July 7, 2023 @ 9:49 am By Omar Faridi  |  

Assetz Capital is pleased to announce a development exit deal in partnership with Healdan, a property development and construction business based in Bedfordshire. The deal involves the financing of a barn conversion project, “consisting of six homes, in the idyllic location of Millbrook, Bedfordshire.” Under… Read More

July 7, 2023 @ 5:57 am By Omar Faridi  |  

Palisades Group, an alternative asset manager in the global residential credit and real estate markets, is pleased to announce the appointment of Dr. Julia Coronado as Senior Advisor. Dr. Coronado will join the company’s advisory board, “bringing her wealth of expertise and insights into the… Read More

July 6, 2023 @ 5:38 pm By JD Alois  |  

In late June, PeerStreet filed for bankruptcy protection in federal courts. While not a complete surprise, the firm’s failure rattled industry insiders as PeerStreet has long been viewed as a respected player in the real estate crowdfunding sector. Launched in 2013 and serving accredited investors,… Read More

July 3, 2023 @ 8:32 am By Omar Faridi  |  

LendInvest plc (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a £500 million investment “to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited.” This new funding will “further the… Read More

July 3, 2023 @ 5:18 am By Omar Faridi  |  

Shawbrook has announced the appointment of Sarah Woolf as the new Senior Regional Development Manager in its Real Estate team. Sarah originally joined Shawbrook in 2012 “as a Business Development Manager, and in 2016 took on the role of Head of Sales.” Sarah left Shawbrook… Read More

June 28, 2023 @ 6:34 pm By JD Alois  |  

Once one of the most respected real estate investment platforms in the US, PeerStreet has now filed for bankruptcy. According to a corporate statement, PeerStreet aims to sell substantially all of its assets, including its mortgage loan assets, and tech platform. The company seeks to… Read More

June 21, 2023 @ 8:28 am By JD Alois  |  

The former National Relationship Director at Assetz Capital, Mark Davidson, has joined CrowdProperty as Head of Loan Management. CrowdProperty is a real estate crowdfunding platform that provides debt capital for property developments. Assetz Capital is a similar platform that provides property-secured finance for UK SMEs,… Read More

June 19, 2023 @ 11:26 pm By Omar Faridi  |  

As the world of blockchain continues to evolve, innovative applications and new kinds of collaboration are “emerging to tackle various challenges.” Frac, a platform in the high-value fractional asset trading market, has adopted vechain’s propriety technologies “to increase security and add immutable authentication to their… Read More

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

SimpleNexus, an nCino (NASDAQ: NCNO) company and developer of the U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced a new integration with Empower, Black Knight’s loan origination system (LOS). The bidirectional integration, “available to financial institutions including independent mortgage… Read More

June 16, 2023 @ 7:35 pm By JD Alois  |  

The commercial real estate (CRE) market is struggling a bit as the work-from-home (WFH) movement, combined with the flight of businesses away from certain markets that were once hot, has caused some observers to predict calamity at some point in the not-so-distant future. We have… Read More

June 15, 2023 @ 12:20 pm By JD Alois  |  

  Brian Dally, co-founder and CEO of Groundfloor, operates a unique online investment platform for real estate investors. By using the Reg A+ exemption, Groundfloor enables smaller investors to gain access to residential properties – a sector of the market that continues to experience robust… Read More

June 12, 2023 @ 3:05 pm By Omar Faridi  |  

To make efficient and accurate risk assessments, commercial property underwriters “need the right information, at the right time, available at their fingertips.” CAPE’s mission has been “to provide underwriters with that information via unique, AI-powered insights, accessible in ways that both support automation as well… Read More

June 9, 2023 @ 4:03 pm By JD Alois  |  

UK Property finance platform LendInvest says that it has completed a mortgage offer in just three days. The financing was provided to a couple looking to purchase a home. For anyone who has pursued a mortgage, three days sounds like a miracle – depending on… Read More

June 9, 2023 @ 3:44 pm By JD Alois  |  

DF Growth REIT II, LLC, managed by DiversyFund, has been hit with a Securities and Exchange Commission (SEC) administrative action. According to the SEC, DF Growth REIT II failed to adhere to certain requirements for securities issued under Reg A+, a JOBS Act exemption that… Read More

June 8, 2023 @ 12:57 pm By JD Alois  |  

It has been widely reported that a big real estate investment firm has walked away from two hotels in San Francisco. One hotel, the Hilton, was the largest in the city, with almost 2000 rooms. The other hotel, Parc 55, is home to over 1000… Read More

June 7, 2023 @ 11:09 am By JD Alois  |  

CrowdProperty is backing the £16 million development of a former Hallmark Card manufacturing facility that will be transformed into 137 apartments. According to the investment platform, CrowdProperty has agreed to a total development finance facility of £9,250,000 over an 18-month term. The developer is said… Read More

June 6, 2023 @ 5:41 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced its strategic partnership with paymints.io, a Software-as-a-Service (SaaS) platform to for real estate payment transactions. This collaboration marks “a significant milestone in transforming the way stakeholders in real estate transactions handle and… Read More

June 4, 2023 @ 5:29 pm By Omar Faridi  |  

Mortgage entrepreneur, Ying Tan, will reportedly take the position of CEO at Habito (subject to Financial Conduct Authority approval) and aim to become a significant shareholder in the business. This update comes as Habito, the digital mortgage broker and home-buying service, finalizes its most-recent round… Read More

June 1, 2023 @ 11:30 am By JD Alois  |  

In recent days, Elon Musk tweeted that “commercial real estate is melting down fast. Home values next,” in response to a Tweet about the rapidly declining value of office real estate in Los Angeles and San Francisco, which is selling for less than the amount… Read More

May 31, 2023 @ 9:16 am By Omar Faridi  |  

LendInvest co-founder Christian Faes says he’s pleased to be launching Faes & Co. Based out of the US, a new firm that will focus on “building and investing in technology-enabled direct lending businesses, alongside their own private credit fund.” Faes says he’s learned “a lot… Read More