Housing Wire

FEBRUARY 25, 2025

With nearly three decades of experience in real estate and investing, Ive worked with hard money lenders to secure financing for everything from simple fix-and-flip projects to multi-million-dollar apartment building rehabs. But what really makes them stand out is the option to finance up to 85% of the property value with no down payment.

Renovations 349

Renovations Real Estate Investors Investing 349

Housing Wire

MARCH 6, 2025

All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA). Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Additionally, three of them are on the same street.

Sellers 294

Sellers Inventory Landlords Renovations 294

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Combined with thousands of other local community developers like her, McCormick’s efforts are moving the needle when it comes to quality, affordable housing for owner-occupants nationwide.

Renovations 370

Renovations Buyers Development Design 370

Appraisal Buzz

OCTOBER 29, 2024

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. These apartments provide affordable housing options in high-density areas where space is limited.

Renovations 221

Renovations Construction Development Landlords 221

Appraisal Buzz

FEBRUARY 3, 2025

Only 3,709 of the 55,339 office-to-apartments that were in some stage of development in January of last year were finished by December, meaning that 51,630 units remained unfinished until 2025. For example, in New York City, tax exemptions of up to 90% are available for renovated buildings that contain at least 25% affordable flats.

Renovations 345

Renovations Construction Modernization Inventory 345

Appraisal Buzz

FEBRUARY 11, 2025

Michael Gevurtz is an entrepreneur and investor in the real estate and finance industries. He is the CEO and Founder of Bluebird Lending, a national private lender servicing real estate developers and investors with an array of loan products to acquire, construct, and refinance residential and multifamily properties.

Real Estate 269

Real Estate Finance Development Investing 269

Housing Wire

JANUARY 30, 2025

If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. So, people are gonna have to tap into their equity for renovations, debt consolidation and better cash flow. Financing for mid-tier builders has become less liquid or choppy compared to the mega builders, right?

Construction 273

Construction Marketing Investors Renovations 273

Housing Wire

AUGUST 27, 2024

Department of Housing and Urban Development (HUD). The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations.

Renovations 445

Renovations Modernization Insurance Finance 445

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

Renovations 516

Renovations Development Investors Legal 516

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Government 529

Government Finance Renovations Design 529

Appraisal Buzz

OCTOBER 23, 2024

According to the survey’s findings, more local community developers who buy at auction see the state of the market as a disadvantage rather than an advantage. This buyer’s viewpoint was in line with 55% of buyers who said that greater acquisition costs (finance or pricing) made them less inclined to purchase at auction.

Retail 370

Retail Marketing Inventory Development 370

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 475

Investing Renovations Construction Development 475

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Investing 433

Investing Legal Lending Landlords 433

Housing Wire

AUGUST 29, 2024

To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022.

Renovations 458

Renovations Development Transportation Construction 458

Housing Wire

SEPTEMBER 9, 2024

This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.

Brokerage 445

Brokerage Mortgage Real Estate Renovations 445

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. FHA financed about 34% of the $15.2 FHA’s loan limit is $69,678 for chattel financing.

Renovations 393

Renovations Finance Insurance Transportation 393

Housing Wire

JULY 5, 2022

Specialty finance company Redwood Trust Inc. CoreVest provides financing to real estate investors across the country and as of late June boasted more than $15 billion in loans closed and some 125,000 units financed, according to the lender. It also serves professional developers of multifamily properties.

Finance 418

Finance Renovations Real Estate Investors 418

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.

Construction 535

Construction Renovations Insurance Landlords 535

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

Lending 441

Lending Renovations Construction Finance 441

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. The president called for the Federal Housing Finance Agency (FHFA) to apply protections for renters of multifamily units financed by loans acquired by the agency. Also on Tuesday, the U.S.

Landlords 488

Landlords Construction Land Management Tenants 488

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. decline from 2022, according to Inside Mortgage Finance.

Retail 455

Retail Lending Renovations Construction 455

Housing Wire

MARCH 14, 2024

Change is a community development financial institution (CDFI) that is certified by the U.S. Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options. “We are excited to expand our impact and better serve our target market borrowers.”

Lending 444

Lending Renovations Legal Real Estate 444

Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The passing of Referendum A exempts Habitat for Humanity and similar charities in Georgia from paying taxes on parcels under development if the purchasers receive interest-free loans. Louisiana : Amendment 6 passes.

Real Estate 476

Real Estate Property Taxes Renovations Development 476

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. Over the past couple of years, the U.S. Reverse mortgage companies have also invested in their own home modification programs.

Renovations 419

Renovations Investing Finance Design 419

Appraisal Buzz

OCTOBER 24, 2024

Department of Housing & Urban Development (HUD) has appointed 11 new members to its Housing Counseling Federal Advisory Committee. Sherri Eckles , who was appointed last year and serves as SVP of the Renovation and Construction Lending Programs at Norcom Mortgage, will also continue to serve on the Committee.

Real Estate 221

Real Estate Renovations Development Construction 221

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions.

Renovations 459

Renovations Law Development Real Estate 459

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 454

Tools Mortgage Finance Lending 454

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call.

Lending 353

Lending Renovations Real Estate Finance 353

Housing Wire

JULY 23, 2021

Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Through these loans, developers and investors are able to bring new stock to the market that may have been previously overlooked or passed up. We’re very excited to enter the fix’n’flip space.

Housing Market 459

Housing Market Marketing Inventory Lending 459

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Developing a relationship with a potential private money lender is a two-way street. How to Locate a Reputable Private Money Lender.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency. Bringing more services under one roof.

Construction 482

Construction Logistics Technology Real Estate 482

Housing Wire

JULY 14, 2022

The role of renovators. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. A deeper dive into the data helps to explain this surprising result. I buy local. But what about the foreclosed properties that don’t end up in the hands of owner-occupants?

Renovations 369

Renovations Investors Retail Buyers 369

Housing Wire

SEPTEMBER 13, 2023

These include Habitat for Humanity Seattle-King & Kittitas Counties serving the Puget Sound region; the African Community Housing & Development (ACHD) and Homestead Community Land Trust both serving King County, Wash., the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville.

Renovations 417

Renovations Retail Investing Design 417

Housing Wire

OCTOBER 1, 2024

But many older Americans end up developing certain health complications. There is also information to suggest that homebuilders are increasingly ready and able to explore the big business potential for those seeking to renovate their homes and better accommodate their changes to mobility, vision and hearing.

Renovations 457

Renovations Legal Law Tools 457

Housing Wire

MARCH 28, 2022

With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

Real Estate 397

Real Estate Marketing Insurance Technology 397