CBRE arranged the $10.15-million sale of the 44-unit Ramona Oaks Apartments at 3401 Ramona Drive in Riverside. The firm’s Eric Chen, Kevin Sin and Blake Torgerson represented both the buyer, WeJ&J LLC, and the seller, AB Ramona Oaks.... Read more »
The overall critical defect rate for mortgages increased in the first quarter of 2024, ending five consecutive quarters of decline. But the increase itself was relatively modest and the share of loans... Read more »
Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco-based Unison calls its... Read more »
In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced... Read more »
DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP) Whether it’s refining your business model, mastering... Read more »
Arixa Capital, a private real estate lender and alternative investment manager based in Los Angeles, said Wednesday it had surpassed $4 billion in cumulative loan originations. The company said the milestone underscores the loyalty... Read more »
Developer JMB Realty has secured a $575-million construction loan for 1950 Ave. of the Stars, a 730,000-square-foot office development in Century City, according to published reports. The loan was provided by an... Read more »
JMB Realty has scored funding to build its trophy Century City development, The Real Deal has learned. The Chicago-based investment firm secured a $575 million construction loan for 1950 Avenue of the... Read more »
Washington Prime Group is on the brink of defaulting on an $85 million loan tied to a mall in Orange County. The loan on the 1.2 million-square-foot Westminster Mall, located in the... Read more »
Worthe Real Estate Group, in collaboration with Stockbridge, closed on a $475-million fixed-rate securitized mortgage to finance Second Century, the recently completed 800,000-square-foot office project leased to Warner Bros. in the Burbank Media District.... Read more »