DSCR

Walker & Dunlop HUD Team Finances Over $135 Million for Six Rhode Island Properties in Six Months

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Public Relations, Investor Relations, Urban Planning, Communications, Professional Services, Building Systems, Other Construction & Property, Residential Building & Real Estate, Walker & Dunlop, Growth, Partnership, FHA, MAP, Housing, Multimedia, DSCR, HUD

Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024.

Key Points: 
  • Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024.
  • The team worked alongside the U.S. Department of Housing and Urban Development (HUD) to complete the financing.
  • View the full release here: https://www.businesswire.com/news/home/20240409630799/en/
    The Walker & Dunlop HUD Financing team, led by Chris Rumul , served as exclusive advisors to the client, Carpionato Group, and successfully arranged all six loans.
  • Carpionato Group is a longtime HUD client of Walker & Dunlop, with six HUD-insured loans currently in the company’s servicing portfolio.

Gauntlet Funding Ventures into Florida and Beyond, Offering Unparalleled Hard Money Lending Solutions for Real Estate Deals

Retrieved on: 
Wednesday, March 27, 2024
Life, DSCR, Bridge, Sale, Acquisition, Real estate

With a proven track record of facilitating real estate transactions with agility and expertise, Gauntlet Funding aims to bring its innovative lending solutions to investors and developers in new markets.

Key Points: 
  • With a proven track record of facilitating real estate transactions with agility and expertise, Gauntlet Funding aims to bring its innovative lending solutions to investors and developers in new markets.
  • With its entrance into Florida , Gauntlet Funding is poised to revolutionize the lending landscape by offering customized solutions tailored to the unique needs of investors in the region.
  • "Expanding into Florida and beyond represents an exciting milestone for Gauntlet Funding," said Lou Forino, Managing Director at Gauntlet Funding.
  • With its entrance into Florida and plans for further expansion, Gauntlet Funding reaffirms its commitment to empowering investors and developers with the financial resources necessary to thrive in dynamic real estate markets.

The Impending Storm: Is the Real Estate Market on the Verge of a 2024 Crash? Isgate Law Weighs In

Retrieved on: 
Tuesday, February 27, 2024
Real estate, Multimedia, Bank, Federal Reserve, Eye, Thought, Federal, Bloomberg News, DSCR, Crash, Bank of America

DOYLESTOWN, Pa., Feb. 27, 2024 /PRNewswire/ -- As we enter 2024, clouds gather over the real estate market, fueling speculation of an impending crash.

Key Points: 
  • DOYLESTOWN, Pa., Feb. 27, 2024 /PRNewswire/ -- As we enter 2024, clouds gather over the real estate market, fueling speculation of an impending crash.
  • Despite indications of three rate cuts in 2024, announced back in December 2023, they are yet to materialize.
  • Doylestown Real Estate Lawyer, Ron Isgate, Esq weighs in with valuable advice:
    If you've found your dream digs or have a pressing need to relocate, don't hesitate- make the move.
  • Ron Isgate, Esq is a Doylestown Real Estate Attorney with Isgate Law , Associate Broker with eXp Commercial and hard money lender at Stone Commercial Capital.

Loan Processing Powerhouse wemlo® Celebrates a Year of Record Growth, Expands Service Offerings with Addition of Five New Supported Lenders

Retrieved on: 
Tuesday, February 27, 2024
Acquisition, National Association, Union Home Mortgage, ITIN, Construction, Bank, News, Growth, Mortgage broker, BOCA, NexBank, Second mortgage, Convention (norm), FHA, Gold, DSCR, Chinese, USDA, Water, Real estate

BOCA RATON, Fla., Feb. 27, 2024 /PRNewswire/ -- Coming off a record year of growth, wemlo® is making waves in the mortgage industry by providing brokers with a flexible, effective option for third-party loan processing. Since the company's acquisition in 2020, wemlo has helped hundreds of brokers across the United States increase productivity, manage bigger pipelines, and grow their businesses.

Key Points: 
  • Furthermore, the wemlo processing team averaged 20 business days to get a loan from submission to closing, blowing the industry average of 49 days* out of the water.
  • "We strive to offer unparalleled service with industry-leading offerings to help our customers get effective results, fast.
  • That's why we've continued to grow our processing support and expand our service offerings to keep up with the evolving needs of the broker channel."
  • To further expand its service offerings this year, wemlo added five new supported lenders to its roster including Windsor Mortgage, Loan Simple Wholesale, NexBank, Union Home Mortgage, and GMFS Partners.

LendingOne Announces Hiring of New Executive Vice President, Joe Hullinger

Retrieved on: 
Wednesday, January 31, 2024
Investment, SFR, DSCR, Growth, Flip

BOCA RATON, Fla., Jan. 31, 2024 /PRNewswire-PRWeb/ -- LendingOne, one of the nation's leading private lenders for real estate investment property loans, is proud to announce the recent hiring of Joe Hullinger as Executive Vice President. Mr. Hullinger is a mortgage industry veteran with 35 years of experience building effective sales teams as well as recruiting, training and managing multi-site operations teams.

Key Points: 
  • LendingOne, one of the nation's leading private lenders for real estate investment property loans, is proud to announce the recent hiring of Joe Hullinger as Executive Vice President.
  • BOCA RATON, Fla., Jan. 31, 2024 /PRNewswire-PRWeb/ -- LendingOne , one of the nation's leading private lenders for real estate investment property loans, is proud to announce the recent hiring of Joe Hullinger as Executive Vice President.
  • "We are excited to have Mr. Hullinger join our executive team to help continue to scale our platform," commented Matthew Neisser, CEO of LendingOne.
  • "His expertise in developing teams of talented professionals will assist LendingOne, as we become the preeminent national SFR lender"
    "I am excited to join the incredible team at LendingOne as their Executive Vice President," Joe Hullinger commented.

FFB Bancorp Earns $7.57 million, or $2.38 per Diluted Share, for Fourth Quarter 2023; Earns $33.56 million, or $10.56 per Diluted Share, for Full Year 2023

Retrieved on: 
Wednesday, January 24, 2024
DSCR, FFB, ISO, C&I, Partnership, CRE, Merchant services, Government, Treasury, USDA, Sale, Investment, SBA, Marketing

There was a loss on sale of investments of $1.11 million during the fourth quarter of 2023, compared to a loss of $305,000 during the fourth quarter 2022, and no loss in the linked quarter.

Key Points: 
  • There was a loss on sale of investments of $1.11 million during the fourth quarter of 2023, compared to a loss of $305,000 during the fourth quarter 2022, and no loss in the linked quarter.
  • During the fourth quarter, we sold $20.17 million in non-agency securities and reinvested the proceeds into higher-yielding agency-backed securities.
  • Non-interest expense increased 41% to $11.05 million for the fourth quarter of 2023, compared to $7.85 million for the fourth quarter 2022, and increased 11% from $9.97 million for the linked quarter.
  • Merchant operating expense totaled $1.85 million for the fourth quarter of 2023, compared to $1.02 million for the fourth quarter of 2022 and $1.79 million for the preceding quarter.

BankUnited, Inc. Reports 2023 Results

Retrieved on: 
Friday, January 26, 2024
Banking, Professional Services, Finance, Bank, Sale, NPA, FHLB, CRE, DSCR, AOCI, NPAS, LTV, C&I, ACL, SBA, Rare-earth element

Non-brokered deposits grew by $604 million for the quarter ended December 31, 2023.

Key Points: 
  • Non-brokered deposits grew by $604 million for the quarter ended December 31, 2023.
  • Non-interest bearing deposits declined by $521 million for the quarter, to 26% of total deposits at December 31, 2023, from 28% at September 30, 2023.
  • The ratio of the ACL to total loans increased to 0.82% at December 31, 2023, from 0.80% at September 30, 2023.
  • NPAs remained low, totaling $130.6 million at December 31, 2023, down from $140.5 million at September 30, 2023.

Anchor Loans Launches Third-Party Origination Channel

Retrieved on: 
Tuesday, January 16, 2024
DSCR, TPO, The, Construction, Anchor, Broker, Political lists, Channel, Ageing, Growth, Real estate

THOUSAND OAKS, Calif., Jan. 16, 2024 /PRNewswire/ -- Anchor Loans, a leading private direct lender to U.S. residential real estate investors, today announced the launch of its new Third-Party Originator (TPO) Channel. The new channel serves mortgage brokers, banks, private and non-QM lenders and other referral partners whose clients are America's home builders, developers, and investors.

Key Points: 
  • Anchor Loans' TPO Channel provides the clients of loan brokers and originators with a comprehensive suite of residential business purpose loan products, including bridge, fix and flip, ground-up construction, and rental investor loans with debt service coverage ratio (DSCR).
  • "When I joined Anchor Loans in 2023, channel expansion was one of my major goals for accelerating our growth," said Rayman Mathoda, CEO of Anchor Loans.
  • TPO lending veteran Tim Landwehr joined Anchor Loans last year, and as Co-Chief Revenue Officer, he has led the design and launch of the new TPO channel.
  • "At Anchor Loans we are obsessed with delivering exceptional customer value, and our TPO Channel is an expansion of that ideal.

Arbor Realty Trust (ABR) Tanks after Short-Seller Report Slams the Company’s Loan Book and Underwriting - Hagens Berman

Retrieved on: 
Monday, December 4, 2023
Lisp (programming language), DSCR, ABR, Hagens Berman, SAN, Research, Viceroy Research, Viceroy, Person, Research report, Life insurance

SAN FRANCISCO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Arbor Realty Trust, Inc. (NYSE: ABR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Arbor Realty Trust, Inc. (NYSE: ABR) investors who suffered substantial losses to submit your losses now .
  • The investigation focuses on Arbor Realty’s disclosures concerning risks associated with its bridge financing loan book, its underlying debt service coverage ratios (“DSCRs”), and its collateralized loan obligations (“CLOs”).
  • “We’re focused on investors’ losses and are investigating whether Arbor may have intentionally understated risks associated with its loan book and underwriting practices,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • If you invested in Arbor and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now .

Arbor Realty Trust (ABR) Tanks after Short-Seller Report Slams the Company’s Loan Book and Underwriting-Hagens Berman

Retrieved on: 
Thursday, November 30, 2023
Lisp (programming language), DSCR, Viceroy Research, ABR, Research report, Viceroy, Hagens Berman, Person, Research, Life insurance

The investigation focuses on Arbor Realty’s disclosures concerning risks associated with its bridge financing loan book, its underlying debt service coverage ratios (“DSCRs”), and its collateralized loan obligations (“CLOs”).

Key Points: 
  • The investigation focuses on Arbor Realty’s disclosures concerning risks associated with its bridge financing loan book, its underlying debt service coverage ratios (“DSCRs”), and its collateralized loan obligations (“CLOs”).
  • “We’re focused on investors’ losses and are investigating whether Arbor may have intentionally understated risks associated with its loan book and underwriting practices,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .