Loans

Mortgage Applications Today: New Home Loans and Refinancing Slows Despite Lower Rates For Now

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Couple house-hunting with Realtor

Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA). It’s an about-face from the week prior when home loans saw a 7.1% increase. This comes as mortgage interest rates dipped to 6.17% for the week ending Oct. 30, according to Freddie Mac. That’s the fourth straight week of … Read more

Namdar Nabs $460M in Loans From Scale Lending

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The Real Deal Logo

Namdar Group scored $460 million in cross-collateralized bridge and construction loans for its nearly 1,400-unit, two-tower apartment project in downtown Miami.  The deal comes amid continuing lending in South Florida, despite higher interest rates and other economic headwinds. Great Neck, New York-based Namdar is developing Phase I with a 43-story, 680-unit tower at 55 Northeast … Read more