Thursday , November 30 2023

Tag Archives: finance

Jury set Ocean City property value at $17.89M

OCEAN CITY — A jury has set the value of a former car sales lot on Haven Avenue at $17.86 million, close to double the $9 million the city agreed to pay for the property in 2018. That’s according to Jerry Klause, who owns the property with his brother Harry …

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Single-Family Mortgage Delinquency Rate Mostly Unchanged in September

by Calculated Risk on 10/27/2023 10:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single-Family Mortgage Delinquency Rate Mostly Unchanged in September Brief excerpt: I’ve argued that there would not be a huge wave of single-family foreclosures this cycle since lending standards have been solid and …

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Sonnenblick-Eichner Company Arranges First Mortgage

BEVERLY HILLS, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) — Sonnenblick-Eichner Company has arranged first mortgage financing for The Lodge at Tiburon and Toll House Hotel Los Gatos. The 5-year non-recourse floating rate loan pays interest-only for the entire term and provided proceeds to pay off a maturing loan. The new …

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Nebraska to receive nearly $240K from mortgage payment settlements

The Nebraska Attorney General’s Office announced a settlement last week with a payment processing company over erroneous withdrawals made two years ago from customers of a mortgage services company. Fifty attorneys general reached a $10 million settlement with ACI Worldwide Corp., and Nebraska’s share from that settlement amounts to $26,273.93. …

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Somers Chipotle property sells for $2.3M to Minnesota buyer

Chipotle opened its doors pn March 9, at 3671 Market Lane. The property has been sold for $2,325,000 to a “direct purchaser” based in Minnesota according to Marcus & Millichap, a commercial real estate brokerage firm. SEAN KRAJACIC Kenosha News The Somers Chipotle property, 3671 Market Lane has been sold …

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Europe’s top financial centres: Where’s best to do business?

The US has five financial centres in the global top 10 while Europe only pulls in two, but how do European cities rank among themselves? ADVERTISEMENT In the rapidly evolving landscape of global finance, European cities are in fierce competition to establish themselves as robust financial centres – an attractive …

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