article thumbnail

Planet Home Lending adds new regional sales manager

Housing Wire

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

Lending 406
article thumbnail

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 406
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. To Brobeck, the fact that so many agents rely on residential sales for occasional, marginal or supplemental income is a problem.

Agents 427
article thumbnail

Commercial property sales hit new record in 2022

Realty Biz

Commercial real estate sales in the U.S. The report said commercial property sales hit a record-breaking $809 billion last year, almost double that of 2020’s total sales. Commercial real estate has posted a dramatic recovery ever since the beginning of the pandemic. Multifamily sales totaled $335.3

article thumbnail

Notarize taps Larry D’Angelo as president and chief commercial officer

Housing Wire

Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. Before joining Notarize, D’Angelo served as LogMeIn’ s go-to-market chief sales officer, where he led a team of over 1,200 people and helped build the company into a $1.3 billion revenue business.

article thumbnail

Will the Commercial Real Estate Rebound or Crash?

Marco Santarelli

In a compelling presentation at the Commercial Economic Issues and Trends Forum during the 2023 NAR NXT, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), indicated that the commercial real estate sector is poised for revitalization, calling on the Federal Reserve to consider a crucial move – cutting interest rates.

article thumbnail

How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill.

Lending 103