Housing Wire

FEBRUARY 25, 2025

Choosing the right hard money lender for your investment project can be challenging. 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.

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Renovations Real Estate Investors Investing 360

Housing Wire

JUNE 8, 2021

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. In 2020 it acquired equipment finance lender Ascentium Capital and a year prior picked up institutional investment firm Highland Associates. “We billion in home improvement projects. in 2021 to $433 billion.

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Renovations Home Improvement Marketing Finance 445

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.

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Investing Renovations Construction Development 476

Housing Wire

JULY 22, 2024

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

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Construction Renovations Design Development 464

Appraisal Buzz

NOVEMBER 18, 2024

It was a prime investment – cash flowing and competitively priced due to it being a buyer’s market. New owners used their cost savings to renovate and undercut our rent rates. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. But the tide turned quickly.

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Development Finance Real Estate Housing Market 335

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. Some of those areas I’m investing in, and they’re starting to turn again so that’s exciting to see.”. Local Community Developers. Affordably Priced Homes.

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Renovations Buyers Development Design 370

Housing Wire

JANUARY 27, 2025

To do so, develop strategies and programs that cater to buyers and sellers at every stage. For homeowners , stay top-of-mind by providing ongoing valuelike market insights or renovation adviceso they return when its time to sell. Remind teams to invest in relationships, not just deals.

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Real Estate Clients Technology Agents 397

Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

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Investing Legal Lending Landlords 435

Appraisal Buzz

FEBRUARY 6, 2025

Even middle-aged couples often welcome their aging parents into their homes and must renovate their space to accommodate their changing needs. Lenders can provide invaluable support by helping graduates develop a plan to save for a down payment, while paying down their student loan debt.

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Lending Renovations Finance Housing Market 348

Appraisal Buzz

FEBRUARY 11, 2025

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. Michael has renovated and built from the ground up, over 75 single-family homes for sale and rent.

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Real Estate Finance Development Investing 269

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. Make a list of potential lenders.

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Real Estate Investing Investors Renovations 397

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.”

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Inventory Renovations Supply Chain Buyers 435

Housing Wire

SEPTEMBER 13, 2023

Amazon says the investment will “help moderate-income residents in these communities to purchase homes as a path to help build generational wealth.” Last year, Amazon made a housing investment of $10.6 the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville. metropolitan areas.

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Renovations Retail Investing Design 418

Housing Wire

MAY 5, 2022

million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. million grant to local nonprofit CrossBridge ‘s 84-unit housing project, where 50 units will be newly built and the other 34 units renovated. Amazon is committing $10.6

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Renovations Tenants Investing Development 370

Housing Wire

FEBRUARY 26, 2024

Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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HOA Law Insurance New Listings 501

Housing Wire

JANUARY 4, 2024

“If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” Reverse mortgage companies have also invested in their own home modification programs. . “But what constitutes an emergency?” ” Molinsky told NextAvenue.

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Renovations Investing Finance Design 428

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).

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Government Finance Renovations Design 529

Housing Wire

JANUARY 14, 2025

Improving and selling or refinancing houses for investment purposes has long been the purview of part-time entrepreneurs looking to earn additional income. Some key strategies are highlighted here: Identify the right location It is often said that the three most important factors in real estate investing are location, location, and location.

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Marketing Renovations Investors Transportation 397

Housing Wire

JUNE 8, 2021

The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

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Inventory Renovations Lending Construction 360

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.

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Lending Renovations Construction Finance 451

Housing Wire

JUNE 14, 2024

These market developments underscore the reality we must face: Playing the interest rate waiting game is not a viable strategy. Bank statement HELOCs offer borrowers the flexibility to fund the endeavors that matter most to them, such as business ventures, home renovations, and other expenses.

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Clients Business Renovations Development 448

Housing Wire

JULY 5, 2022

As we described when we announced the acquisition of Riverbend, we also continue to believe, especially amidst this higher rate environment, that our investment portfolio and operating revenues will further benefit from Riverbend’s bridge product and fee-based revenues,” said Christopher Abate, CEO of Redwood.

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Finance Renovations Real Estate Investors 418

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

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Renovations Investing Real Estate Marketing 387

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. When we began a decade ago there was much more blight.

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Buyers Development Renovations Retail 360

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. Looking for remote positions where I can leverage my relationship management, customer support, and business development skills. Thanks in advance.”.

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Real Estate Investing Investors Business 418

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). Meetings will be conducted regularly via conference call. rebranded as Rithm Capital ).

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Lending Renovations Real Estate Finance 363

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace.

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Inventory Renovations Real Estate Government 488

Housing Wire

AUGUST 1, 2022

While home price growth is expected to slow in the coming months, it’s still higher than a 5% annual home price appreciation rate, making home equity products an attractive option for lenders to invest in. . New Residential Investment Corp.

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Renovations Lending Investing Mortgage 397

Housing Wire

JUNE 30, 2021

“‘High tech – High touch’ is our mantra as we develop industry-leading tools and resources with a never-ending commitment to the relationships with our brokers and team members,” CEO Sanjiv Das said. Caliber offers a “triple play” of resources to help elevate a broker’s business.

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Lending Renovations Design Tools 397

Housing Wire

MAY 3, 2022

Surging house prices have made home equity products an obvious choice for lenders to invest in, given the value of homes used as collateral for such loans are rising. The new unit focuses on developing mortgage-adjacent lending products and services.

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Renovations Loan Officers Technology Mortgage 418

Housing Wire

OCTOBER 10, 2023

It’s imperative that agents invest their time to properly prepare comps! Assembling your comparative market analysis I usually develop a report that is broken out into five sections, outlined below. Here are the steps you should take to develop your CMA report Step 1. They are more appropriate for an appraisal.

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Marketing Real Estate Agent Clients Tools 435

Housing Wire

FEBRUARY 1, 2024

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. Ultimately, this is a double-edged sword.

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Real Estate Appraisal Insurance Training 435

The Robert Weiler Company

JULY 18, 2021

It’s also a category of potential investment that, based on owner type, covers a lot of ground. Property owners include individuals, LLCs, families, large corporations, insurance companies, financial institutions, government, real estate investment trusts, and religious institutions. Doing so will help you become more knowledgeable.

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Real Estate Investing Investors Renovations 148

Appraisal Buzz

JUNE 3, 2024

Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. As developers deliver units, they will be motivated to fill up their buildings, even if it means cutting rents in order to do so.

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Investors Marketing Renovations Real Estate 195

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations.

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Housing Market Marketing Contracts Lending 370

Empire Appraisal Group

MAY 16, 2024

Should You Renovate Before Selling? Before launching renovation projects to sell a home, consider the cost benefits. NEW YORK – When selling your house, one of the most common things to worry about is whether you should renovate the home before listing it. Look at your home as if you were buying it and decide if it’s turnkey.

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Renovations Buyers Decorating Investing 78

Housing Wire

JULY 17, 2023

However, developing interactive virtual tours requires advanced rendering techniques and programming expertise, making them more complex to create compared to guided tours. This approach holds numerous benefits for property developers, including: Enables real estate agents to showcase their projects to potential buyers and investors.

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Real Estate Technology Business Real Estate Agent 353