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Bain Capital gains majority stake in residential investment lender Archwest Capital

Housing Wire

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. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

Investing 435
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Biden tax credit to rehab homes is finally unveiled

Housing Wire

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. 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. The renovations would be on a budget, however.

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Ascent Developer Solutions launches to serve construction loan needs

Housing Wire

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Gibson Dunn was the legal adviser for AscentDS and WilmerHale was the adviser for Elliott.

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Change Lending to join Federal Home Loan Bank of San Francisco

Housing Wire

Change and the Treasury Department went through a short-lived legal dispute after the lender sued the CDFI Fund for its “flawed analysis and mathematical errors,” leading to a decertification of Change Lending. The Treasury Department renewed the certification in February following a settlement agreement in November 2023.

Lending 448
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Auctions see high owner-occupancy rates for foreclosed homes

Housing Wire

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. The role of renovators. These are local investors buying a few properties in communities where they live and work.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. Decide on How to Proceed. Questions?

Investing 337
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Institutional SFR players are stuck in the doldrums

Housing Wire

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.