RCN Capital has resumed funding for both short-term fix-and-flip loans as well as long-term rental loans for non-owner-occupied residential properties. RCN is one of the first private lenders to re-enter the space with a full suite of financing options geared towards real estate investors. “As the real estate market and overall economy continue to search for stability following the enormous amount of volatility resulting from the COVID-19 pandemic, we are
Read MoreAtlanta-based wealthtech platform GROUNDFLOOR has launched a new program to ensure that capital for residential real estate development continues to flow during the COVID-19 financial crisis. The new program allows investors to earn an additional 4% interest rate bonus for90 days on qualifying investments. “Our community of individual investors is a powerful force that is keeping the value chain of real estate finance moving forward on fair terms for all,”
Read MoreYardi has released a software update that allows residential property management companies to manage and track rent deferral payment plans and recoveries. The company fast-tracked the release of the update to allow property managers to accommodate residents impacted by COVID-19. “Helping property managers serve their residents and maintain business continuity is a top priority for Yardi. With unemployment claims skyrocketing, our clients were looking for ways to aid residents who
Read MoreIn late March, the U.S. Court of Appeals for the Federal Circuit upheld the district court’s decision to dismiss the patent lawsuit between Consumer 2.0, Inc. (dba “Rently”) and Tenant Turner, Inc. “We not only defended ourselves from Rently’s misguided patent, but we also defended the property management industry’s freedom to choose the best leasing software provider from the marketplace as it deems fit,” said James Barrett, Tenant Turner’s CEO.
Read MoreReal estate development executive Michael Johnson has launched Raamp REIT (Real estate Asset Acquisition Management Portfolio). Raamp REIT is Arizona’s first exclusively multifamily, real estate crowdfunding platform and asset management company. Raamp REIT is structured as a real estate investment trust (REIT). It has a minimum investment of $2,500, and the fund is open to nearly all investors, including casual investors. By investing in the REIT, investors gain access to
Read MoreATTOM Data Solutions has launched its Building Permit data solution containing more than 200 million residential and commercial building permits nationwide. ATTOM’s building permit data provides users with insight into the life of residential and commercial properties, allowing for predictive analytics and decision-making. The data is updated monthly and covers 94% of the nation’s top cities. “Building permits identify key events in a property’s history,” said Sean Mooney, vice president
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