news release

Most default servicing leaders expect soft landing, slowly rising foreclosures despite persistently high interest rates

By |2024-07-12T15:30:23-05:00July 12th, 2024|News|0 Comments

76% surveyed expect home price increases to continue through the rest of 2024 57% expect gradual rise in foreclosure volumes in second half of the year 51% of loans in loss mitigation expected to permanently perform Rising insurance and property taxes represent biggest emerging risk to loan performance Irvine, Calif. — July 12, 2024 — [...]

By |2024-07-12T15:30:23-05:00July 12th, 2024|News|0 Comments

Roemanu and Toorak Announce New Headquarters in Tampa, Florida

By |2024-05-09T08:53:45-05:00May 9th, 2024|News|0 Comments

Tampa, FL – Roemanu, a holding company focused on originating and investing in business purpose mortgage loans across the U.S. and U.K., and its subsidiary Toorak Capital Partners (“Toorak”), today announced the opening of their new joint headquarters at Water Street Tampa’s Thousand & One office tower. Merchants Mortgage & Trust Corporation, LLC, also a [...]

By |2024-05-09T08:53:45-05:00May 9th, 2024|News|0 Comments

Modifications to CA Civil Code 1916.1 Needed After Recent Court Ruling

By |2024-05-07T11:00:20-05:00May 1st, 2024|News|0 Comments

On April 23rd 2024, members of the American Association of Private Lenders wrote to Assemblymember Kate Sanchez regarding the challenges posed by a recent court ruling affecting loan modification laws in California. The letter addressed the ambiguity in usury exemptions for loans arranged by licensed real estate brokers and proposed a modification to clarify the [...]

By |2024-05-07T11:00:20-05:00May 1st, 2024|News|0 Comments

American Association of Private Lenders (AAPL) Announces Title Sponsors for Annual Event

By |2024-04-25T16:41:34-05:00April 26th, 2024|News|0 Comments

KANSAS CITY, MO – The American Association of Private lenders is proud to announce the title sponsors for its highly anticipated 15th Annual Conference. With their generous support and commitment to excellence, CV3 Financial Services and Geraci LLP will play a pivotal role in shaping the Nov 10-11 event at Caesars Palace, Las Vegas. AAPL’s [...]

By |2024-04-25T16:41:34-05:00April 26th, 2024|News|0 Comments

Toorak Completes First Ever Rated Residential Transition Loan (RTL) Securitization

By |2024-03-01T09:52:12-06:00March 1st, 2024|News|0 Comments

SUMMIT, NJ – Toorak Capital Partners, Inc.(“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of the first-ever rated residential transition loan (“RTL”) securitization, Toorak 2024-RRTL1. The $240 million deal was rated by Morningstar DBRS, which in October 2023 was the first Nationally Recognized Statistical Rating Organization [...]

By |2024-03-01T09:52:12-06:00March 1st, 2024|News|0 Comments

Private Lending Industry Veteran Stephan Leccese Joins Lima One Capital’s Senior Management Team

By |2024-02-22T09:25:08-06:00February 22nd, 2024|News|0 Comments

GREENVILLE, S.C. – Lima One Capital, the nation’s premier lender for real estate investors, has added Stephan Leccese as Managing Director of Operations. In this newly created role, Leccese oversees core operational functions including loan production, strategic accounts, lender finance, valuations, and construction management. Leccese brings over two decades of experience in real estate, finance, [...]

By |2024-02-22T09:25:08-06:00February 22nd, 2024|News|0 Comments

Noble Capital Doubles Down on Real Estate with Two New CEOs

By |2023-12-04T16:29:29-06:00December 4th, 2023|News|0 Comments

Austin, TX — In a strategic move set to redefine the landscape of the private lending industry, Noble Capital proudly announces the appointment of two visionary leaders, Dana Georgiou, and Ashley Stephenson, to spearhead its ambitious journey from a regional powerhouse to a national force. The infusion of talent, focused on delivering tailored, exceptional service [...]

By |2023-12-04T16:29:29-06:00December 4th, 2023|News|0 Comments

Real Estate investors move towards rental strategy, differ on future market dynamics in RCN Capital Spring Investor Sentiment survey

By |2023-07-21T10:22:08-05:00July 21st, 2023|News|0 Comments

High cost of financing, limited inventory, and competition from other buyers cited as major challenges SOUTH WINDSOR, CT – JULY 20, 2023 – Real estate investors appear to be focused more on rental properties than on fix-and-flip opportunities according to the Spring 2023 Investor Sentiment Survey from RCN Capital, conducted by market intelligence firm CJ Patrick Company. More than [...]

By |2023-07-21T10:22:08-05:00July 21st, 2023|News|0 Comments

LV Lending closes $8.3 million in financing for Congress Group’s acquisition of Civica Center in Miami Health District

By |2023-07-11T10:36:17-05:00July 11th, 2023|News|0 Comments

LV Lending, a leading private lender focused on bridge loans for commercial and residential investment properties and developments, has closed an $8.3 million loan for Congress Group's acquisition of the Civica Center, a .85-acre multifamily development site located at 1050 NW 14th St. in Miami's Health District. Congress Group, in partnership with Peakhill Equity TS, [...]

By |2023-07-11T10:36:17-05:00July 11th, 2023|News|0 Comments

32% of distressed property buyers expect home prices to decline in 2023 in their local housing markets

By |2023-06-22T12:02:39-05:00June 1st, 2023|News|0 Comments

Nearly double the 17 percent share in 2023, buyers most bearish in the West Buyers still aggressive on acquisitions but shifting toward hold-for-rent strategy 77 percent of buyers are local community developers, owner-occupants doubled Irvine, Calif. — June 1, 2023 — Auction.com, the nation’s leading distressed real estate marketplace, today released its 2023 Buyer Insights [...]

By |2023-06-22T12:02:39-05:00June 1st, 2023|News|0 Comments

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