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Leading Australian reverse mortgage lender undergoes rebrand

Housing Wire

We are excited to deliver the Heartland Bank brand to our reverse mortgage customers,” said Medina Cicak, the bank’s newly appointed chief commercial officer. More than half of the company’s reverse mortgage customers (55%) are using their loan proceeds to fund home renovations or to consolidate debt (51%).

Mortgages 446
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Bain Capital gains majority stake in residential investment lender Archwest Capital

Housing Wire

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

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Property services company MCS enters reverse mortgage space

Housing Wire

It also says that Five Brothers will be integrated into MCS to offer property preservation, maintenance and renovation services. has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services.

Mortgages 443
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How to Use Virtual Renovation to Renovate a Home

Realty Biz

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. Benefits of Virtual Renovation Cost-Efficiency : Reduces the risk of costly mistakes. Steps to Virtual Renovation 1.

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What AVMs can and can’t do in the appraisal process

Housing Wire

Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc. AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. ” Amazing, right? AVMs don’t account for housing trends.

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5 Sure-Fire Ways To Add Value To Your Commercial Property

Realty Biz

Whether it be an office block, a shopping center, or a leisure facility, investing in a commercial property can be exceptionally lucrative. Not all renovations can be considered upgrades, especially given that some can actually devalue your property. It’s important to plan well to ensure that any renovations have the desired effect.

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Institutional SFR players are stuck in the doldrums

Housing Wire

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Another larger player in the space, Progress Residential , recently postponed a securitization transaction due to difficult market conditions.