NNN Realty Advisors Inc., a commercial real estate management and services firm based in Santa Ana, Calif., has announced that Friedman, Billings, Ramsey & Co. has closed a $160 million private placement of NNN Realty's common stock.The private placement to institutional investors and certain accredited investors involved the sale of 16 million shares of common stock at $10 per share. NNN Realty Advisors is the parent company of Triple Net Properties LLC and Triple Net Properties Realty Inc.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24