Jerry Quill, a former GE Real Estate managing director, has formed Charles Street Capital, a Southborough, Mass.-based commercial real estate investment company."Strong real estate fundamentals in many North American markets together with low financing costs continue to create attractive investments," said Mr. Quill. "We see a major opportunity in the U.S. debt market, specifically purchasing assets from lenders that have grown their portfolios rapidly over the past few years and have a need to reduce or rebalance real estate exposure." The firm will initially target the acquisition of loans from lenders -- such as banks, insurance companies, and government agencies -- in the secondary market. "We believe purchasing loans generates superior risk-adjusted returns for our investors compared with buying properties in some of today's high priced markets," Mr. Quill noted. The firm is interested in fixed and floating-rate loans, including nonperforming loans, on various property types. The firm expects the loan sale market to grow significantly in the coming years as a result of the recent "expansion in commercial real estate credit" by all sorts of lenders.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
5h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18