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Real estate investment and operating platform Wrightwell has secured a new financing round while forging a partnership with Bain Capital and Saluda Grade. The deal will yield as much as $300 million in new investments into single-family rental (SFR) and built-to-rent (BTR) properties. according to a statement from Wrightwell. “We
Pretium Partners , a New York City-headquartered investment firm, announced Tuesday that its adding a new senior managing director to lead its business optimization efforts. Visentini recently served as the investment bank’s head of firm strategy for execution and innovation. .”
The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.
Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
the investment firm led by Fidelity National Financial (FNF) founder and Chairman William Foley II, is facing accusations of poor governance and a lack of strategic focus from activist investor Carronade Capital Management. The letter criticizes Cannaes vague and undifferentiated investment approach and condemned recent board actions.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.
Technology platform Figure , which powers a liquid, blockchain-based marketplace for financial products, and global investment firm Sixth Street today announced the formation of a new joint venture vehicle in which Sixth Streets asset-based finance platform has committed to invest $200M of equity.
Splitero , a San Diego-based fintech provider of home equity investments (HEIs), is continuing its growth this year. Through its home equity investments, the company offers a lump-sum payment of up to $500,000 without requiring any income verification, credit checks or monthly payments. ” the company explained.
John Campbell , a managing director and real estate industry analyst at Stephens , believes that Stone Points investment may just be the result of Gary Keller or another owners desire to monetize their stake in the company. Either they invest in the business, improve it and sell it when the market comes back, or they do an IPO.
State Farm Ventures , the investment arm of State Farm , has made a strategic investment in digital identity verification provider Proof. The investment aims to advance Proofs technology to combat identity fraud and automate traditionally paper-intensive business processes. An amount for the investment was not disclosed.
As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. It was already available in the states of Arizona, California, Colorado, Oregon, Utah and Washington.
Dunmor , a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment from Newfi Lending , a non-agency mortgage lender owned by funds managed by Apollo Global Management. The investment is an expansion of the partnership announced in June 2024.
Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian. Stone Point, a large asset manager, has a track record of putting companies it invests heavily in on a path toward an initial public offering.
Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. As part of the collaboration, Ally participated in Betters Series C funding round, which raised $70 million, including an add-on investment from Ally.
Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. The expansion includes the states of Alaska, Delaware, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, Nebraska, New Hampshire, North Dakota, South Dakota and Wyoming.
return-on-investment (ROI). The downward investment-return trend continued despite the median national home price rising 5% to another annual record of $350,000. generally reaped the highest returns on investment in 2024. The 10 largest decreases in investment returns were all reported in the Southern portion of the U.S.,
The investment — which is going to SERHANT. Among the companies it has invested in are Flex , Bilt Rewards , Proof , Curbio , VTS and HappyCo. Among its investments are Kings League , LOVB , Bilt Rewards , Blank Street , M1 Finance , Wayflyer , Masterworks , Talkiatry , Kittl and Ownwell.
real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from property management software provider RentRedi. Regional investment trends also vary. A majority of U.S. landlords plan to acquire new properties this year.
mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.
Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. The product operates similarly to a shared equity investment.
The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019.
The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners. This comes at a time when the proptech sector is seeing increased investment in automation and AI-powered solutions for property management.
The New York-based digital homeownership platform saw its revenue take a dip as it continues to invest in artificial intelligence (AI) and build out its retail channel. million in cash, restricted cash, short-term investments and self-funded loans. “We The company’s earnings release noted a nonrecurring gain of $5.5
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.
The goal of first-time homebuyers is to make an investment in a house they are comfortable and pleased to own. The return on investment (ROI) of a home purchase is a significant financial investment and a means of accumulating home equity. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1%
The Mortgage Firm , a Florida-based mortgage lender, has agreed to invest $1.5 The Mortgage Firm looks forward to its continued investment in the South Florida communities,”the spokesperson added. million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday.
According to a TD Bank survey , industry professionals expect declining property values to spur renewed investment in the sector this year. The survey, which gathered insights from more than 200 CRE professionals, found that 76% believe dropping commercial property values will drive increased investment in 2025.
Detroit had the largest return on investment (ROI), with the typical investor selling a home for 135% — or $121,500 — more than the initial purchase price of $90,000. Miami (28.2%); Anaheim, California (24.3%); and San Diego (23.3%) had the largest shares of investor home purchases among all metro areas analyzed.
HousingWire: As a finance exec, how do you approach budgeting in a market where cost pressures, compliance demands, and technology investments are all increasing? AI is undoubtedly making this faster and easier, and were investing heavily into collecting even more experience data to support decisions around customer experience investments.
According to study data published by RentRedi , most American real estate investors intend to increase their portfolios and make large investments in renovating their existing properties in 2025, exhibiting a strong growth mindset. The poll, which was performed from November 722, 2024, found that 59% of U.S.
Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. Leaders in servicing are continually investing in automation, advanced training and real-time data tracking to ensure accuracy and responsiveness.
Private equity firm Stone Point Capital is seeking to grow Keller Williams and ultimately cash out, analysts told Inman. That expansion could come from new tech, an IPO, or something else entirely.
The company closed deals with struggling power buyer firm Ribbon in May 2023, home maintenance company Onder in September 2023, home equity investment firm Balance Homes in December 2023 and home equity investment firm HomePace in May 2024. But the company came under the scrutiny of state regulators in December 2023.
Investing in technology that automates workflows, streamlines administrative tasks and enhances customer management can have significant benefits. Make 2025 your best year yet by investing in the strategies that drive lasting growth. First, you free up your agents to focus on what they do best: closing deals.
three-fourths of business leaders said they were planning to escalate their AI investments as they continue to see positive strides in customer service functionality. Without that, customers may simply refuse to engage, leaving lenders out in the cold after making their investment in AI and chatbots. And as the J.D.
return-on-investment (ROI) compared to the original acquisition price. The typical home-flipping investment return improved from 2023 to 2024 in 116, or 54%, of the metro areas analyzed. That was up from $67,846 in 2023, and translated into a 29.6% in 2023, and from 29.4% That represented a slightly larger increase than the 2.5%
She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I My management style is transparent and open, with strong cultural understandings from lived experiences in Africa, Europe, Latin America, and the USA,” she wrote.
Economic and political uncertainty: Concerns over inflation, tariffs , job stability and a potential shift in federal policies have made real estate investments riskier. Elevated borrowing costs have made these investments less attractive. Despite the decline in overall purchases, the total value of investor-bought homes rose 6.3%
He has been a key driver of our numerous technology investments to digitize the industry. Our industry software offerings are unmatched and we will continue to invest in new solutions that help modernize the real estate experience through Zillow’s housing super app,” Choo said in a statement.
NetCredit reported that Detroit has received $1 billion in investments since 2019 to benefit senior and low-income homebuyers. Detroit Mayor Mike Duggan has expressed intentions to invest in the city’s housing development efforts for years to come. .” Detroit’s affordability stems from a different source.
The fact that they are the first to invest in our technology for every agent, and to listen to what their teams and agents are using to thrive, goes to show that innovation is in their DNA. We already had a great working relationship and we’re excited to take it to the next level with a formal strategic relationship.”
CoreLogic’s investment in Araya reflects its vision to make an impact, delivering the critical property, portfolio and market insights that empower professionals to make confident, informed decisions in the $40+ trillion U.S. Climate resilience is also at the top of Araya’s feature list.
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