News Updates

DLP Lending Closes $21 Million Loan, Partners with Southern Impression Homes to Open Vacation RV Resort

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DLP Lending, part of the DLP REal Estate Capital family of companies, announced it closed a $21 Million loan with Southern Impression Homes on Island Oaks RV Resort, located in Glen St. Mary, FL, near Jacksonville. Additionally, DLP provided $6.5 M of equity capital to become partners with owners Carter Funk, Chris Funk, and Jim Shiels on the project. Don Wenner, DLP Founder and CEO, commented, “Our team worked diligently

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State of the Market The single-family rental (SFR) sector went into the pandemic atop a healthy wave of momentum. Since the onset of the pandemic, domestic migration patterns and shifts in housing demand have unilaterally added fuel to the SFR fire. The millennial cohort’s maturation, coupled with the obsolescence of cities during a pandemic, has meaningfully bumped up demand for suburban housing. According to John Burns Real Estate Consulting and National

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Renters, much like homeowners, are favoring smaller more affordable markets that offer highly rated schools, strong local economies and more space over expensive tech hubs, a trend that is pushing rents up in many of the same markets where home prices are rising the most, according to the realtor.com® Monthly Rental Report released today. “Although rents across the U.S. have been growing at a slower pace since the onset of COVID-19 and the

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The U.S. economy is expected to grow 6.7 percent in 2021, an improvement not only from last year’s 2.5 percent contraction but up, too, compared to last month’s forecast of 5.3 percent, according to the February 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. The latest forecast upgrade of full-year 2021 real GDP growth reflects greater-than-expected consumer spending in the winter months, slowing COVID-19 case rates and hospitalizations, and

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Gryphon USA president Richard Kruse said the Biden administration’s move this week to extend the 12-month moratorium on home mortgage foreclosures through June 30 undermines the vitality of the nation’s housing market as health and economic conditions that prompted the federal policy begin to subside. “The unprecedented federal interference into the private housing market due to the COVID-19 pandemic certainly stabilized the shelter of Americans in a healthcare emergency which

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A new analysis released today from RealtyTrac shows that single-family rental property owners in 48% of all U.S. counties are at above average risk for default. The RealtyTrac Rental Property Risk Report gauges the relative default risk of single-family rental homes, almost 90% of which are owned by mom-and-pop investors who own fewer than 10 properties. The financial impact of COVID-19, resulting job losses, and government-imposed eviction moratoria have all