Traditional banks are increasingly rejecting refinance applications from borrowers with perfect payment histories, even when those refinances would lower monthly payments and reduce lender risk. According to Michael Iuculano, founder of MJI Capital, this pattern is driving more experienced real estate investors to seek out private lenders who offer greater flexibility and faster approvals. Iuculano ...
Michael Iuculano, founder of MJI Capital, a private lender active in the Southwest and other fast-growing regions, says excessive leverage is now the top reason deals are declined. “I can’t blame somebody for wanting 100% financing. Why not?” Iuculano says. “But at the end of the day, we are a lender, we’re not a partner.” ...
Small-bay industrial properties across Florida are showing elevated bad-debt levels, with some rent rolls reporting non-payment rates of 11-12%. According to Daniel Levin, Senior Associate at CorePoint, the highest concentrations of bad debt are in properties with 15,000 to 35,000 square feet, where e-commerce and wholesale tenants account for a significant share of the occupancy. ...
For the past five years, Société immobilière Bélanger has built one of Quebec’s most stable multifamily portfolios: nearly 4,000 rental units with a vacancy rate below 1%. The company is now expanding into Ottawa, Gatineau, Edmonton, and Calgary, with plans to achieve significant volume in each city. This move comes as elevated interest rates and ...
In New York City, challenging your property tax assessment is far from straightforward. The city’s property tax appeal system is so understaffed, rushed, and opaque that even large institutional investors are often surprised by how little attention their cases receive. For homeowners and small investors, the odds of a fair review are even slimmer. “It’s ...
If you’ve tracked home or commercial sales in Reno over the past year, you’ve likely noticed a marked slowdown. Listings are down, closings are less frequent, and overall market activity has dropped. Despite appearances, the cause isn’t a lack of buyers or a collapsing market. The core issue is that deals don’t pencil out due ...
David Helbraun, founder and chairman of Helbraun Levey, has spent more than 20 years representing restaurant owners, from small cafes to large hospitality groups. His firm, which has handled thousands of openings, repeatedly sees the same lease mistakes. “People fall in love with spaces,” he says. “They stop looking at the numbers.” Here are seven ...
After a sluggish start to 2024, Martin County’s housing market has shifted. Homes that lingered on the market earlier this year are now selling more quickly, and new listings are declining. The balance of power between buyers and sellers is changing, affecting how both sides should approach their next move. Current Market Conditions Martin County ...
Imagine you find the perfect condo in Boca Raton. The price fits your budget, and the location is ideal. Then you receive the insurance quote: $8,000 a year. Suddenly, your monthly housing cost jumps by $650, and the deal no longer works. For buyers and homeowners across South Florida, home insurance has become a major ...
The real estate industry faces a widespread but largely unaddressed financial problem: agents carry credit card debt at far higher levels than the general population, often as a direct result of their income structure. Brandon Wright, CEO of the financial services company Tongo, says the numbers are revealing. “If you look at the credit card ...
National headlines warn of plunging office values and stalled apartment construction in major U.S. cities, but Philadelphia’s real estate market is showing more resilience than most. Appraisers working locally report that Philadelphia is holding steady, even as other towns face steeper corrections. Unlike New York or San Francisco, Philadelphia never depended heavily on office space. ...
When most people think of Philadelphia’s hottest real estate, neighborhoods like Fishtown, Northern Liberties, and Rittenhouse Square come to mind. These areas dominate headlines, social media, and bidding wars. However, appraisers working throughout the city are seeing momentum in less-hyped neighborhoods where prices remain reasonable, infrastructure is solid, and local interest is quietly building. These ...
Jacksonville’s housing market has shifted rapidly from a seller’s market to one that favors buyers. After months of limited inventory and bidding wars, the number of homes for sale in Jacksonville has climbed to about 11,000 – nearly double what agents saw during the peak of competition. For buyers who have been waiting for better ...
Americans spend more than $200 a year on credit monitoring services, hoping to catch identity theft before it causes damage. Yet most of these services only alert you after the fact, while simple, free protections often go unused – and criminals continue to take advantage. “Everyone’s been hacked in some capacity,” says Will Smith, National ...
A studio apartment in downtown Akron currently rents for about $1,000 per month. For a two-bedroom unit, expect to pay between $1,200 and $2,000, depending on the building and the quality of finishes. Compared to Cleveland, these prices are relatively low – downtown Akron rents are less than half of what you would pay in ...
