The deal allows Genesis Capital to offer enhanced products nationally
The company said the focus of its new business helps address the affordable housing crisis
Commercial and multifamily mortgages are improving, with delinquency rates seeing the biggest decline on record last quarter
Private money loans, also called hard money loans or bridge loans, are still the top choice for real estate investors in the wake of the bank meltdown of 2008 and 2009. Many real estate investors have marks on their credit after the real estate crisis and can no longer qualify at the bank. Hard money loans have allowed these investors to get back into the real estate game again and start hitting.
Bridge financing is short-term financing, sometimes referred to as private money or hard money. Bridge loans are typically made by private individuals and not banks, so the interest rates on bridge loans are higher than bank loans.
A major residential lender has announced the launch of a commercial division
A major player in the commercial brokerage sector has announced the appointment of an industry veteran as its new director
Americans have been nervous to get back into commercial investments, and for good reason. The crash hurt more than a few wallets and investors are afraid the growth we’re seeing now is doomed to fail yet again.