Participants at the CREFC (Commercial Real Estate Finance Committee) annual conference in June highlighted the troubles that include weak demand, rising defaults and growing difficulty in refinancing maturing loans, Yardi Matrix writes in a special bulletin. “No matter how well loans are performing, takeout financing will be difficult,” said one panelist at the meeting of CRE Finance Council’s Annual…
I have always referred to hard money loans as equity loans; hard money has always sounded very sleazy. One of my favorite expressions in life is that “everything is relative”. Consider fire insurance. If your house is in a brush area, you will have to go to California Fair Plan and pay MORE for less…
Welcome to the August 2023 Apartment List National Rent Report. The rental market hit a big milestone this month, as national rent growth is finally negative year-over-year. This means that on average across the nation, apartments today are renting for less than they did one year ago. This marks a major deceleration from recent years, when annual…
The agreement requires the California Department of Housing & Community Development to give pending and denied applicants a fair chance to receive Covid-19 rental assistance June 5, 2023 – A landmark settlement has been reached in a case brought by tenants’ rights advocates alleging that the California Department of Housing & Community Development (HCD) unconstitutionally…
Rent control policies have long been a topic of debate, with proponents arguing for tenant protection and affordable housing, while opponents claim rent control has the opposite effect. In California, where the housing crisis is particularly severe, statewide rent control limits rent increases to 5% + CPI, with a max of a 10% annual increase. …
MORTGAGE RELIEF FOR LANDLORDS WITH 1-4 UNITS APPLY NOW! If you are a landlord, have mortgage delinquency or delinquent utility bills, you may be eligible for this program. https://dcba.lacounty.gov/programs-for-property-owners-and-landlords/ Are You Eligible? To qualify for the program, you must meet the following eligibility requirements: You are a non-corporate rental property owner with no more than…
The typical way one acquires one third of a house or one quarter of a 5 acre lot is by the death of a parent. If the siblings get along well, there is, usually, a simple agreement to sell the property and split the sale proceeds. We all know that life is not…
Expanded Home Energy Tax Credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022. Those who make energy improvements to a residence may be eligible for expanded home energy tax credits. Tax credits can be claimed under the Energy Efficient Home Improvement Creditand the Residential Clean Energy Credit for the year…
Below is an excerpt from the Monday Morning Quarterback from June 26, 2023. Adding Affordable Housing Is ‘Essential’ to Fixing California’s Homelessness Crisis The main barrier to fixing California’s homelessness crisis is the massive shortage of affordable housing for people with very low incomes, and fixing that is “essential” to solving homelessness, according to a…
Participants at the CREFC (Commercial Real Estate Finance Committee) annual conference in June, highlighted the troubles that include weak demand, rising defaults and growing difficulty in refinancing maturing loans, Yardi Matrix writes in a special bulletin. “No matter how well loans are performing, takeout financing will be difficult,” said one panelist at the meeting of CRE Finance Council’s Annual…