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Redwood Trust to close $85M in debt offering

Housing Wire

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. The offering can be increased by $12.75

Investing 421
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter. Anywhere Advisors typically targets luxury markets.)

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Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. 186 spot on the Inc.

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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale. At current market prices, the offering would bring the company about $395 million, without consideration of the expenses of the public offering. in June 2024. million shares for 30 days.

Investors 412
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Douglas Elliman secures a $50 million growth investment

Housing Wire

In the release, the firm noted that Kennedy Lewis has a history of investing in the residential real estate sector and Douglas Elliman expects that as part of this partnership, the investment firm will tap into its industry expertise, which includes experience in land and homebuilder finance investments.

Investing 426
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

But they are making efforts; it is a very difficult market and they continue to cut costs and narrow their losses,” Kornfeld said. Between now and the end of 2027, I think most market participants expect conditions to improve.” Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually.

Mortgage 469
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Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

Appraisal 195