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SERHANT. secures $45M to further develop its AI platform

Housing Wire

The investment — which is going to SERHANT. Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Among the companies it has invested in are Flex , Bilt Rewards , Proof , Curbio , VTS and HappyCo.

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Treasury announces support to develop 26,000 affordable housing units

Housing Wire

Department of the Treasury ’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. Of this total, 750 will be “ homeownership units ,” with the remaining 25,600 being rental units.

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Ascent Developer Solutions launches to serve construction loan needs

Housing Wire

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital. “In

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Can a market be too hot? Should smaller developers get worried when bigger developers pile in

Housing Wire

The Florida real estate market has reached unprecedented heights with major projects getting funding from developers across the country and even overseas. Cities like Miami have become microcosms of development, attracting major investors eager to capitalize on the state’s appeal, creating high-profile, mixed-use developments.

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Downes named president of Enterprise Housing Credit Investments

Housing Wire

Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise.

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Real estate investment leaders talk build-to-rent homes and affordability solutions

Housing Wire

Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties. Mullen explains that in the 1980s, investment firms focused on securitizing small assets to make them available for institutional investors. Mullen shares that the company raised $1.5

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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” Wong is also a member of the company’s investment committee. I do think [HMBS 2.0]