Hunter Wise Financial Group LLC, Irvine, Calif., and Houston, has announced the placement of a $200 million senior line of credit for Commercial Capital Inc., a Denver-based company that specializes in short-term commercial real estate lending.Hunter Wise said the transaction more than doubled the lending capacity (to over $350 million) of Commercial Capital, a privately held commercial mortgage banking and capital partnering company. "Our strategic plan is to become the foremost short-term commercial real estate lender in the small to mid-tier development market," said Matthew Witt, president and chief executive officer of Commercial Capital. "With our new lending capacity, we are now one of the leading private lenders in the Rocky Mountain region."
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
7h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
7h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
7h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
10h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25