Meecorp Capital Markets, a commercial real estate lender based in Fort Lee, N.J., has announced that it is providing a $75 million mezzanine/equity revolving line of credit to Asset Real Estate & Investment Co., Redding, Calif.The three-year LOC will support AREI's continued growth and acquisition of senior housing facilities around the country, Meecorp said. Meecorp can be found on the Web at http://www.meecorp.com.
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Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
19m ago -
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
May 6 -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
May 6 -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6 -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
May 6 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6