News Archives

Auction Buyer Optimism at Three-Year High in 2025

By Daren Blomquist|2025-04-11T09:53:59-05:00April 8th, 2025|Market, News|0 Comments

64% expect purchases to increase in 2025, up from 60% in 2024 and 54% in 2023 33% expect home price decline in 2025, down from 40% in 2024 43% describe market as overvalued, down from 49% in 2024 26% of auction buyers describe themselves as owner-occupants, up from 13% in 2024 Irvine, Calif. — April [...]

By Daren Blomquist|2025-04-11T09:53:59-05:00April 8th, 2025|Market, News|0 Comments

Toorak Connect Achieves $5 Billion in Facilitated Loans

By AAPL|2025-03-26T14:35:00-05:00March 26th, 2025|News|0 Comments

TAMPA, FL – March 25, 2025 – Toorak Capital Partners (“Toorak”), a tech-enabled investment manager of business purpose mortgage loans, announced its AI and machine-learning (ML) powered loan review system Toorak Connect has completed $5 billion in facilitated loans. Toorak Connect provides an enhanced dataset produced through Toorak’s proprietary loan risk scoring model, resulting in [...]

By AAPL|2025-03-26T14:35:00-05:00March 26th, 2025|News|0 Comments

Asset Based Lending Caps Year of Incredible Growth and Company Firsts

By AAPL|2025-03-26T14:36:07-05:00March 26th, 2025|News|0 Comments

JERSEY CITY, N.J. – March 26, 2025 – Asset Based Lending (ABL), a New Jersey-based lender providing private capital to real estate investors, funded 1,866 loans in 2024 – a 60% increase over 2023 – and expanded its employee headcount by 15%, marking a year of rapid growth and innovation for the company. The lender [...]

By AAPL|2025-03-26T14:36:07-05:00March 26th, 2025|News|0 Comments

Legislative Alert: Florida SB 392 – Default Interest Notification

By AAPL|2025-03-24T13:25:48-05:00March 24th, 2025|Advocacy, Featured, News|0 Comments

3/24/2025 - The American Association of Private Lenders has just been made aware of Florida Senate Bill 392, which if passed, will set new requirements to collect default interest. The State of Florida already requires that, at minimum, lenders provide borrowers with an annual statement of payments made. SB 392 "Requirements of Lenders of Money" [...]

By AAPL|2025-03-24T13:25:48-05:00March 24th, 2025|Advocacy, Featured, News|0 Comments

Federal Bill Needs Your Support: Main Street Tax Certainty Act

By AAPL|2025-02-12T13:16:42-06:00February 6th, 2025|Advocacy, News|0 Comments

The Main Street Tax Certainty Act (S.1706/H.R.4721) would make permanent Section 199A, a key tax deduction which as of now will sunset at the end of this year. Section 199A allows individually- and family-owned businesses organized as pass-throughs (S corporations, partnerships, and sole proprietorships) to take a 20% tax deduction on their qualified business income. [...]

By AAPL|2025-02-12T13:16:42-06:00February 6th, 2025|Advocacy, News|0 Comments

Foreclosure Auction Volume Drops to 3-Year Low to End 2024

By AAPL|2025-04-11T08:38:43-05:00January 27th, 2025|Market, News|0 Comments

Auction demand down in Q4 overall but posts decisive rebound in December following election KEY POINTS Uptick in scheduled auctions indicates possible Q1 rebound in completed auctions Q4 demand increased annually in 59 percent of local markets Price buyers are willing to pay accelerates to six-month high in December Auction bid-ask spread narrows as buyers are [...]

By AAPL|2025-04-11T08:38:43-05:00January 27th, 2025|Market, News|0 Comments

New Industry Jobs Board Launches

By Linda Hyde|2024-12-03T11:22:30-06:00December 3rd, 2024|News|0 Comments

Despite the transition private lending has been experiencing, it’s gratifying to see that our industry has matured and even grown, proving its staying power and role in filling an essential gap among more traditional financial services. As new private lenders enter the space and established businesses grow, where do they find the personnel to underpin [...]

By Linda Hyde|2024-12-03T11:22:30-06:00December 3rd, 2024|News|0 Comments

RCN Capital Announces Expansion of Charlotte Office

By AAPL|2024-09-20T15:41:52-05:00September 23rd, 2024|News|0 Comments

Grand Re-Opening Marks Increased Efforts to Grow Company’s North Carolina-Based Workforce SOUTH WINDSOR, Conn. (September 20, 2024) – RCN Capital, the leading nationwide private lender specializing in providing financing for real estate investors, announced the official reopening of its newly expanded office in Charlotte, North Carolina. This significant expansion reflects the company’s rapid growth and [...]

By AAPL|2024-09-20T15:41:52-05:00September 23rd, 2024|News|0 Comments

Toorak Capital Partners Completes Its Second Rated Residential Transition Loan Securitization

By AAPL|2024-09-17T16:15:40-05:00September 17th, 2024|News|0 Comments

$237.5 Million Deal Rated by Morningstar DBRS Follows First-Ever Rated RTL Securitization Closed by Toorak in February 2024 TAMPA, FL – September 16, 2024 – Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, announced the successful closing of its second rated residential transition loan (“RTL”) securitization, Toorak [...]

By AAPL|2024-09-17T16:15:40-05:00September 17th, 2024|News|0 Comments

Modifications of Brokered Loans in California: Pending Bill SB 1146 Needs Your Support

By AAPL|2024-09-04T14:53:56-05:00July 30th, 2024|Advocacy, Featured, News|0 Comments

UPDATE: As of 8/28/2024 the bill has passed the both the California Assembly and Senate. It is now headed to Governor Gavin Newsom to be approved, vetoed, or ignored. We need your help NOW to ensure SB 1146 makes it to the finish line! Please show your support for this bill by contacting Governor Newsom. [...]

By AAPL|2024-09-04T14:53:56-05:00July 30th, 2024|Advocacy, Featured, News|0 Comments

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