Bankruptcy Banks Commercial Sales 
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
LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 billion in assets, has a diverse portfolio of residential and commercial real estate assets. The stock-value pressure is prompting the WMC to explore alternatives going forward, including a possible sale of the company.
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Realtor.com
JANUARY 18, 2022
That will be in addition to a new retail and commercial space. ” The project comes during a severe shortage of homes for sale, just as more people are looking for homes in Florida. “Beginning in the pandemic era, Florida has experienced historically strong home sales, especially in the luxury market.”
Realty Biz
AUGUST 18, 2020
Property owners impacted by the COVID-19 housing crisis are struggling to pay mortgages, and the imminent risk of foreclosure and bankruptcy looms large over the industry. Historically-low interest rates and a low inventory of homes for sale have helped the housing market remain robust. Ironically, the housing market seems resilient.
HomeLight
JANUARY 13, 2022
In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale.
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.
Housing Wire
AUGUST 11, 2022
The magnitude of rapidly rising rates impacted our residential mortgage banking business, while demand for shorter-term financing from our business-purpose lending borrowers [including bridge loans and single-family rental property loans] proved more resilient.”. or less],” which will “impact executions for those seeking to securitize.”.
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