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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. AVMs don’t account for commercial influence.

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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 374
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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%). billion AUD, or roughly $1.2

Mortgages 388
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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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Planet acquires Platinum Home Mortgage Corporation

Housing Wire

“In addition to agency and GSE home loans, Planet also has niche products tailored to today’s tight real estate markets, including self-funded One-Time Close (OTC) construction loans as well as manufactured housing and renovation mortgage loans,” Gross said in a statement.

Mortgages 416
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Commercial Tenant Improvements: A Complete Guide for Investors

The Close

In commercial real estate, tenant renovations are super common. That’s where commercial tenant improvements (TI) come in. To simplify this process, I’ve compiled a guide that breaks down what commercial TIs are, the different types, the pros and cons, and the tips for negotiations. Let’s get started!

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Opinion: Who decides what American neighborhoods look like?

Housing Wire

population — own more than $30 trillion in residential, commercial, industrial and agricultural property. White professionals also dominate the commercial real estate sector. Whether you’re renovating homes or selling skyscrapers, real estate requires networking and patience. And these legacies of racism persist.