Multifamily

Crescent Lenders Funds Purchase of $2.2 Million Condo

By Jamie Richardson | May 25, 2020
Crescent Lenders recently funded the purchase of a residential luxury townhome in Pasadena that was acquired for 2.2 Million Dollars. The term of the private money loan is for 60 months, but the buyer intends on refinancing the loan in 6 to 12 months time. The loan to value ratio was less than 40% and […]
Featured News, Multifamily, Real Estate

Young buyers seek multifamily homes as housing inventory shortage bites

By Mike Wheatley | January 29, 2020
As real estate markets struggle with low inventories of homes for sale, some buyers are opting to investing in multifamily properties instead of buying a single-family home, the Washington Post reports. The advantage of doing so is they can live in one of the units and rent out the others to help with mortgage costs […]
Commercial Real Estate, Multifamily, Office

Commercial real estate poised for 'stellar year' in 2020

By Mike Wheatley | November 28, 2019
The U.S. commercial real estate sector is on track for “one of its strongest years on record” in 2020, with billions of dollars likely to be invested according to commercial real estate servicer and investment firm CBRE. CBRE said the commercial real estate sector will see total investments of between $478 billion and $502 in […]
Commercial Real Estate, Featured News, Multifamily

Airbnb acquires Urbandoor to expand its corporate client business

By Mike Wheatley | August 16, 2019
Airbnb last week acquired a platform called Urbandoor that offers extended stays for corporate clients. Founded in 2015, Urbandoor differentiates itself not just through its focus on business travelers, but also by the fact it deals directly with multifamily building owners instead of renters. The company goes directly to big real estate firms like Greystar, […]
Multifamily, Residential

HUD Says Maine Landlord Wouldn't Allow Disabled Vet to have Assistance Animal

By Elizabeth Whitman | July 15, 2019
HUD recently charged a Maine landlord with housing discrimination for not allowing a disabled veteran to have an assistance animal in his apartment. According to HUD’s Charge of Discrimination (HUD Charge) against Roderick Apartments, LLC, Jo Roderick told the veteran that once she allowed a tenant to have an assistance animal, and other tenants wanted […]
Multifamily, Residential, US Real Estate

HUD Charges Idaho Landlord with Familial Status Discrimination

By Elizabeth Whitman | June 4, 2019
On May 31, 2019, HUD charged the owners and manager of an Idaho rental property with violation of the familial status provisions of the Fair Housing Act (FHA). HUD alleges they refused to rent a home to a couple with seven children. What is Familial Status Discrimination? When first adopted in 1968, the FHA only […]
Commercial Real Estate, Multifamily

Jones Lang LaSalle to acquire HFF for $2bn in multifamily sector merger

By Mike Wheatley | March 21, 2019
Investment management firm Jones Lang LaSalle is targeting a bigger share of the multifamily real estate business after announcing plans to acquire commercial services provider HFF Inc. in a $2 billion deal. The proposed deal would see Jones Lang LaSalle snatch up all of HFF’s outstanding shares in a cash plus stock transaction. Jones Lang […]

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