Bankruptcy Banks Commercial Loans 
Housing Wire
OCTOBER 12, 2023
Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,
Housing Wire
AUGUST 9, 2022
billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8 The dreaded discount.
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Housing Wire
AUGUST 11, 2022
a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,
Marco Santarelli
SEPTEMBER 6, 2020
Instead, we’re suggesting you loan money to other real estate investors through crowdfunding sites. You can diversify your holdings, loaning several hundred or thousand dollars to each would-be investor. The crowdfunding platform takes a slice of every loan issued. However, they also administer the loan payments.
Dwell Real Estate
AUGUST 20, 2021
It was torn down to make way for a bank. The First Bank & Trust at Five Points, the El Vernona Hotel, the Hotel Sarasota, the American National Bank (it went broke two years later and became the Orange Blossom Hotel, then apartments, then condos) and the Terrace Hotel are the first “high-rises” in downtown.
Housing Wire
JUNE 28, 2021
He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It Appraisers would overvalue homes, and lenders would then originate loans, knowing mortgages would be ushered to their seats by government-sponsored enterprises Fannie Mae and Freddie Mac. It fit well. Rickard never got paid.
Realtor.com
OCTOBER 30, 2020
Detroit is making a comeback after years of decline that led to a bankruptcy filing in 2013. The dearth of credit is largely a consequence of battered property values plus a commercial reality that depresses them further: Lenders can’t earn money on tiny mortgages , so they don’t make them. On the west side, it is hardly worth trying.
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