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Bankrupt AmeriFirst Financial wants court to green light private sale of loans  

Housing Wire

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.,

Loans 373
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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor 366
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There’s more blood on the tracks in the non-QM market

Housing Wire

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.

Marketing 357
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Real Estate Distress Has Created Opportunities for Rescue Capital

Propmodo

The amount of commercial real estate debt maturing this year makes the situation trickier. Newmark estimates that $929 billion of commercial real estate loans will come due in 2024. Willowbrook Partners will provide bespoke credit solutions for distressed commercial real estate projects in the $5 million to $50 million range.

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Redwood Trust, Angel Oak Mortgage awash in red ink in Q2

Housing Wire

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. million net loss for the second quarter ended June 30 — on the heels of posting a $22.2 million loss in the first quarter.

Mortgages 374
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Hit list: Inside CoStar’s all-out war against Zillow

Housing Wire

In his 34 years at CoStar’s helm, Florance has through shoe leather data gathering and aggressive acquisitions built an essential source for commercial real estate professionals. websites for office space — LoopNet , and residential rentals — Apartments.com , generating revenue from subscriptions by landlords and commercial brokers.

Brokerage 321
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Residential vs Commercial Real Estate Investment: Which is Better?

Norada Real Estate

In the debate between residential vs commercial real estate investment , many ask, “Which is better?” Residential or commercial real estate investing is more than just buying a home or looking for an investment property. Commercial tenants may miss the rent for months, and it is difficult to evict them.