Women in Real Estate: Jennifer Schrader
When a love for art meets a love for business and real estate, you find yourself studying architecture and design—and flipping homes.
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Pretium to Acquire DeepHaven Mortgage
Update: On September 18, 2019, Pretium and Värde Partners confirmed the completion of their previously announced agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Terms of the deal were not disclosed. Pretium and Värde Partners agreed for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Founded in 2012, Deephaven is a leader in the non-qualified mortgage industry. The company partnered with Värde in 2014 to fund its growth and expansion. Pretium is an alternative investment management firm focused on residential real estate, mortgage credit and corporate credit with more than $10 billion in assets under management. Pretium is the largest private single-family rental owner and operator in the U.S., with over 32,000 homes across 15 high-growth markets. Värde is an investor in commercial and residential mortgages, including new originations and secondary investments in commercial and residential loans and portfolios, securities and servicing platforms. Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the second half of 2019.
Read MoreGeophy Introduces Property Valuation Platform
GeoPhy, a fast-growing company in commercial real estate technology, has launched Evra, a new AI-powered valuation platform. With Evra, commercial real estate investors, lenders and researchers can quickly access GeoPhy’s automated valuation model for accurate, transparent valuations for U.S. multifamily properties. Evra takes an automated, integrated, data-driven approach grounded on the GeoPhy AVM—an algorithm developed using proprietary property transaction and income datasets, combined with nontraditional data sources that capture quality of life, safety and other indicators rarely utilized for real estate valuations.
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Women in Real Estate: Jennifer McGuinness
My start in the housing, structured finance and real estate industries was by accident. While I was in college and planning to become an M&A lawyer, I worked for a lender as a mortgage loan processor and underwriter.
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A Calling to Grow
When SVN International Corp.’s chief operating officer Diane Danielson was selected to receive the 2019 Leadership Award from CREW Boston for her work in diversity and inclusion, some might have assumed Danielson was being recognized for her work leveling the playing field for women in commercial real estate.
Read MoreEntitle Insurance Company Changes Name
National title insurance underwriter EnTitle Insurance Company has changed its name to Radian Title Insurance Inc. The company, acquired by Radian in 2018, is consistent with Radian’s strategy of uniting all of its subsidiaries under the One Radian brand. Through its family of companies, Radian offers a full range of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, non-agency securitization reviews, secondary marketing support and custom insurance products for investors seeking to participate in emerging risk-sharing opportunities.
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