Apex Money Lending Group Expands Loan Offerings for Colorado Businesses
News Summary Apex Money Lending Group is expanding its commercial real estate loan offerings for businesses in Colorado. Focusing on property value instead of credit scores, the company aims to simplify access to funds for various property projects. Loan amounts start at $100,000 with interest rates from 12%. The company caters to a variety of […]
Southside Bancshares Reports Solid Q2 Earnings
News Summary Southside Bancshares has announced its earnings for the second quarter, showcasing a net income of $21.8 million, up 1.4% from the previous quarter. The company’s diluted earnings per share reached $0.72, and it reported an annualized return on average assets of 1.07%. The loan portfolio saw an increase to $4.6 billion, driven by […]
Trinity Street Capital Partners Secures $61 Million Loan for Charleston Multifamily Development
News Summary Trinity Street Capital Partners has secured a significant $61 million non-recourse construction loan for a new multifamily development in Charleston, South Carolina. The project will create 250 market rate units to meet the increasing housing demand in the area. The development will include diverse unit types and a range of community amenities designed […]
Construction Complete on Oliver on the Hudson Luxury Community
News Summary The Oliver on the Hudson luxury residential community has completed construction in Jersey City, New Jersey. The five-story building features 401 rental units, modern amenities, and stunning views of New York City. Developed collaboratively by KTGY Architecture, The NRP Group, G&S Investors, and Rockwood Capital, this community includes various unit options, extensive amenities, […]
Bogota Financial Reports Profitability in Q2
News Summary Bogota Financial has reported a net income of $224,000 in the second quarter, marking a significant recovery from a prior loss. The bank also recorded a 34.7% increase in net interest income, although total assets declined. Delinquent loans rose, but the efficiency ratio improved, showcasing cost-control efforts. The bank plans to focus on […]
New Financing Secured for Mixed-Use Development in Rancho Cucamonga
News Summary Marcus & Millichap Capital Corporation has arranged $64 million in financing for a mixed-use development at 8500 Haven Ave, Rancho Cucamonga. The project includes 248 residential units and ground-floor commercial spaces, aiming to enhance the community’s living and shopping options. With a focus on de-risked construction timelines and a strong investment strategy, this […]
U.S. Labor Market Resilience Offers Construction Sector New Opportunities
News Summary The U.S. labor market shows resilience despite a slight increase in jobless claims, presenting new opportunities for the construction sector. With about 382,000 job openings each month, the industry faces talent shortages while embracing technology to mitigate rising labor costs. Stable financing from the Federal Reserve and substantial government investments in infrastructure support […]
CPP Investments Invests $225 Million in Quebec Data Center
News Summary The Canada Pension Plan Investment Board is investing C$225 million into a significant data center expansion in Cambridge, Ontario, driven by the growing demand for AI infrastructure. This collaborative project, with Deutsche Bank Private Credit & Infrastructure, aims to boost the data center’s capacity from 6 megawatts to 54 megawatts, supporting the burgeoning […]
Asheville Introduces Affordable Housing Initiatives
News Summary Asheville is addressing its rental crisis with new affordable housing projects, including Starpoint, offering units under $900. These initiatives aim to provide over 200 housing units for low-income residents and assist those transitioning from foster care. Alongside city collaborations, the projects also receive funding support to ensure long-term affordability and community engagement in […]
Federal Reserve’s Rate Decision Impacts Housing Market Outlook
News Summary The Federal Reserve’s choice to maintain interest rates has lowered hopes for a rebound in the housing market. Despite earlier expectations for rate cuts, the decision posed challenges for developers dealing with rising costs and financing difficulties. Analysts emphasize the need for consistent rate reductions to ease the housing crisis. Utah’s housing market […]