$240 Million Deal Rated by Morningstar DBRS Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of the first-ever rated residential transition loan (“RTL”) securitization, Toorak 2024-RRTL1....
The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time Those shopping for homes today need to make more than $106,000 a year to comfortably afford a home. A mortgage payment on a typical U.S. home has nearly doubled since 2020....
Purposefully Built for Rent By Carole VanSickle Ellis It was a very happy Valentine’s Day in February 2020 when Quinn Residences closed on its first project, a 93-home community in Raleigh, North Carolina. The company had big plans for the townhome community, including a shift from the for-sale...
The “Motor City” is Coming Back for More By Carole VanSickle Ellis At the end of 2023, Detroit, Michigan, was enjoying some unseasonably warm weather thanks to a “no-snow December” that posted high temperatures in the 40s and about one-tenth of an inch of snow for the Motor City (vs. “normal”...
The Impact of Modern-Day Crowdfunding Platforms By Allen Shayanfekr Real estate syndication has undergone a significant evolution over the last 10 years, with modern-day crowdfunding platforms revolutionizing the way both debt and equity deals are syndicated. This article explores the historical...
Building the Next Generation of Skilled Trades Professionals By Jenna Arca As the skilled trades population becomes increasingly diverse, ensuring accessibility to trades training and resources is critical to bridging the labor gap between the number of skilled trade workers and the unprecedented...
Criminal Trespass, Marketing Scams and Other Fraudulent Activities By Suzanne Andresen In last month’s issue of REI INK magazine, we had two terrific articles about technology and what strategies are currently available to protect your assets. The cover story from Swidget focused on the use of...
Nate Zielinski, Senior Partnerships Coordinator at RCN Capital By Carole VanSickle Ellis When Nate Zielinski graduated with a degree in broadcast journalism in 2015, he did not foresee real estate investment financing in his future. Nevertheless, when he joined private lender RCN Capital in 2020,...
A Guide for Real Estate Investors in 2024 By Jason Jones Property owners across the country are grappling with the aftermath of another intense year for the insurance market. Extreme weather events and large-scale natural disasters have caused the insurance landscape to evolve significantly over...
