Everyone knows about the National Association of Realtors’(NAR) political action committee, but few know about its affiliate nonprofit the American Property Owners Alliance. While NAR’s PAC supports political candidates whose beliefs and... Read more »
Money talks, but interest rates scream. As we peer into the economic crystal ball for 2025 and 2026, one number stands out: the Federal Funds Rate. This key benchmark set by the... Read more »
Despite recent data indicating a poor affordable housing situation in Texas, the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them... Read more »
Did the Letter of Intent and Declaration of Gift Constitute a Valid Transmutation Agreement? The Letter of Intent our client’s mother and stepfather signed when executing their joint trust constituted a valid... Read more »
ElmTree Funds, a St. Louis-based private equity real estate firm, has opened two new industrial funds, and for the initial investment, the REITs acquired an industrial property located in St. Louis. The... Read more »
Arriba Capital has arranged financing for a $35.75-million ground-up construction loan for an oceanfront Residence Inn by Marriott property in Ormond Beach, FL. The property is being developed by Contender Development. Arriba’s Ryan Bosch... Read more »
The U.S. Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. There are three core provisions of the... Read more »
The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund was another positive overall development for the program, with the estimated economic net... Read more »
Calmwater Capital has provided a limited liability company called The One Investments DE with a $32.3 million loan, to help finish construction of an 81-unit project in San Gabriel, according to a... Read more »
The Inglewood Transit Connector (ITC) Project is set to receive $1,009,430,998 in federal funds, moving the project closer to full funding. The approval is the second-to-last step in the Federal Transit Administration’s project evaluation... Read more »