Wire Real Estate

MainStreet Bank, a subsidiary of MainStreet Bancshares, Inc. reported processing more than 1,000 Paycheck Protection Program (PPP) loans totaling $186 million.   MainStreet Bank has also provided loan forbearance to 227 businesses and 183 consumers during the first phase of its program.  The first phase was the borrower’s choice of either two months of deferred principal and interest … Continue reading MainStreet Bank provides Borrower Assistance Continue Reading →

ERA® Real Estate, a global franchising leader within the Realogy family of companies, today announced that four long-time franchisees have signed long-term renewals with the brand. The renewing companies have a combined affiliation tenure of 101 years. ERA King Real Estate Company and ERA Reardon Realty are both ranked in the brand’s Top 20 Company … Continue reading ERA Real Estate Announces Renewal Of Four Firms With 101 Years Combined Affiliation; Two Are In Brand’s Top 20 Companies Continue Reading →

Canyon Partners Real Estate LLC (“Canyon”) and American Capital Group (“ACG”) today announce their joint venture in the development of Kinect @ Lynnwood, a 239-unit apartment project in the Seattle suburb of Lynnwood. Canyon invested $25.0 million of equity into this project, which is located in a qualified opportunity zone. The joint venture also simultaneously closed on a $45.5 million construction loan from … Continue reading Canyon Partners, American Capital Group invest in Seattle-Area Opportunity Zone Multifamily Project, receive Construction Financing from U.S. Bank Continue Reading →

Michael Valdes, a 15-year real estate industry veteran with a focus on international business development, has announced the official launch of the Global Luxury Real Estate Mastermind Podcast. Hosted by Valdes, the podcast features in-depth conversations with established market-leaders and top-producers from around the world.  “I have mentored many up-and-coming agents over the course of my real … Continue reading Renowned International Real Estate Executive Launches New Podcast, Global Luxury Real Estate Mastermind Continue Reading →

 Walker & Dunlop, Inc. announced today that it structured $10,129,500 in construction and permanent financing for Spring Flats, the redevelopment of a historic property known as The Hebrew Home. Located in the Petworth neighborhood of Northwest Washington, D.C., the mixed-income development caters primarily to seniors and low-income residents. The project totals 185 units, 88 of which will benefit from the … Continue reading Walker & Dunlop Finances Development of Affordable Senior Housing Community in Washington, D.C. with HUD Twinning Loan Continue Reading →

First United Corporation a bank holding company and the parent company of First United Bank & Trust, today issued the following open letter to further clarify the Company’s continued commitment to protecting the interests of all shareholders while ensuring compliance with all laws and regulations. First United also announced today that it has filed a lawsuit … Continue reading First United Sends Letter to Shareholders Clarifying Additional Attempts by Driver to Mislead Shareholders Continue Reading →

 Hunt Real Estate Capital announced today that it has provided a $20.8 million refinancing through the FHA 223(a)(7) loan program for Rio Vista Apartments, an affordable multifamily property located in San Ysidro, California. The new loan features a 35-year term and refinances an existing FHA 223(f) loan, providing significant annual debt service savings with a lower interest rate and … Continue reading Hunt Real Estate Capital Provides a $20.8 Million FHA Loan to Refinance an Affordable Housing Community in San Ysidro, California Continue Reading →

 Ollie, a pioneer in providing housing as a service and operating micro-housing, coliving, and conventional apartments, is excited to announce its expansion into California with two new projects. The company has entered into agreements for two multifamily assets consisting of over 500 bedrooms, one in Los Angeles scheduled to open in 2020 and another in the San Francisco Bay Area scheduled to open … Continue reading Ollie Announces West Coast Expansion Continue Reading →

 Fairstead, a fully-integrated real estate firm committed to affordable housing, announced the appointment of Kevin Day as Vice President of Asset Management for its affordable properties and Robert Dunn as Vice President of Asset Management overseeing mixed-income.   Both are highly-experienced asset management professionals and represent the latest step in the firm’s expansion strategy and commitment to drawing top … Continue reading Fairstead Welcomes Industry Veterans Kevin Day and Robert Dunn to Asset Management Team Continue Reading →

 Embrace Home Loans, a prominent lender in the mortgage industry, announces that Marcos Sanchez, manager of its Sandy Spring, Maryland branch, has been named one of the top 250 Latino mortgage originators in the U.S. by the National Association of Hispanic Real Estate Professionals (NAHREP) for the fifth consecutive year. (PRNewsfoto/Embrace Home Loans) NAHREP’s Top 250 Latino Mortgage Originators … Continue reading Embrace Home Loans’ Marcos Sanchez Named a Top Latino Originator by National Association of Hispanic Real Estate Professionals Continue Reading →