Planet Home Lending, LLC’s Post

As we dive into the second half of #Day2 of #CREFCMiami, let's look at the "MBA NewsLink Roundtable: Top Commercial Mortgage Servicing Issues to Watch in 2024", featuring Steve Luther, our Executive Director of Special Servicing, Mount Street US. "With the logjam in the commercial real estate transaction market top of mind for many, loan servicing and asset management professionals entered the new year with a fresh set of opportunities and challenges defined not by a flood of new originations but the expectation of a growing supply of troubled loans. While 2023 was defined by the Federal Reserve’s flurry of interest rate hikes, 2024 promises to be defined by the continuing impacts of those 2023 interest rate hikes and any subsequent actions." ➡ Read the full article here: https://lnkd.in/dwX-CuzA 🤝 If you are attending #CREFCMiami today, feel free to connect with Steve Luther, Paul Lloyd, Greg Chastain, Stephanie Petosa and Karen Waldon, CCIM to discuss Mount Street US's bespoke servicing solutions in more detail (Primary servicing, Special Servicing, Underwriting, and Construction Loan Administration). #CREFC #CREFinance #RealEstate #Servicing #MountStreetUS

😍 Existing customers on a Shared Ownership mortgage 😍 They can now purchase additional shares to increase their property ownership; ✅ Our standard procuration fee will apply. ✅ The additional shares being purchased must be a minimum of 5% of the property value. ✅ We’ll need to know your customer’s current rental payment. ✅ Your customer will need to contact their housing association to gain permission for the application to go ahead and to receive the memorandum of sale. ✅ Customers can apply for additional borrowing alongside a Product Transfer. #sharedownership #mortgages #mortgagebroker #residential #homeowner #virginmoney #clydesdalebank #intermediaries

🔊 Great news brokers! We’ve expanded our Shared Ownership proposition to allow additional borrowing for existing customers when staircasing. 🔊 Existing customers who have a Virgin Money Shared Ownership mortgage are now able to purchase additional shares to increase their property ownership, which could help them towards owning their own home. This builds upon improvements already made to our Product Transfer range. ✅ Our standard procuration fee will apply. ✅ The additional shares being purchased must be a minimum of 5% of the property value. ✅ We’ll need to know your customer’s current rental payment. ✅ Your customer will need to contact their housing association to gain permission for the application to go ahead and to receive the memorandum of sale. ✅ Customers can apply for additional borrowing alongside a Product Transfer. Take a look at our lending criteria 👉 https://lnkd.in/e7h9JUUk or speak to your Business Development Manager today 👉 https://lnkd.in/e_cbYft9 #MortgageBroker #SharedOwnership #Staircasing

PRODUCT UPDATE: as a bit of good news to start the week we’re pleased to announce LTV increases on our Emerald range, meaning it now offers LTVs of up 49% at age 84 on both new lending and further advance borrowing. Your clients will also continue to benefit from a wealth of great features, including: ✔ 7-year fixed ERCs for full repayment flexibility over the mortgage term ✔ The ability to repay up to 12% of the initial balance annually without incurring penalties ✔ A maximum applicant age of 89 +364 days at completion ✔ Wide-ranging criteria, including lending on flats and maisonettes* ✔ Flexibility around properties adjacent to, or in view of, non-residential and commercial properties* Learn more about Emerald range here: https://bit.ly/3DJCm1G #lifetimemortgage #financialservices #equityrelease #laterlifelending #productupdate #financialplanning #retirementplanning (*Subject to additional requirements)

📣 Commercial Real Estate Direct & Trepp, Inc. have released the Q1 2024 edition of the Quarterly Data Review (QDR). Our team analyzed the activity in the commercial real estate finance and CMBS markets. Topics include: 🔍 CMBS Issuance During 1Q Skyrockets as Spreads Tighten 🔍 Commercial Mortgage Universe Grew by 4.1 Percent in 2023 🔍 CMBS Delinquency Volume Increased in 1Q to $27.66Bln 🔍 CMBS Special Servicing Volume Increased 6.58 Percent During 1Q But that's not at all! Access the magazine now 📩: https://hubs.li/Q02vGMgC0 #Trepp #CommercialRealEstateDirect #QDR #CRE #CMBS #QuarterlyDataReview #CommercialRealEstate

How #CanadianInvestors Built Wealth in U.S. Real Estate with HomeAbroad Inc. 😊 Liam & Emma, Canadian investors, turned their dream of owning a short-term rental in Hawaii into a reality with our DSCR loan program—no U.S. credit history required! Their rental income now covers their mortgage, generating positive cash flow from day one. Here’s how we got them covered... 🔑 Secured a 30-year fixed-rate DSCR loan without U.S. credit history 🔑 Qualified based on rental income, not personal income 🔑 Provided full guidance on LLC registration & smooth closing Why invest in U.S. real estate? The U.S. offers some of the best rental yields globally, and with our tailored mortgage solutions, you can invest with as little as $25K down payment, create passive income, and benefit from long-term property appreciation in USD. 💵 Build your wealth like Liam & Emma did—invest in U.S. real estate today! Learn more about their journey 👉 https://lnkd.in/dT_ciEh9 #realestateinvesting #foreigninvestors #hawaiihomes #positivecashflow #mortgagelenders #wealthbuilding #rentalincome #propertyinvestment

Institutional Mortgage Capital's Ken McKinnon, CFA and Bob Fitzpatrick presented at this year's IFEBP Investments conference where we discussed Commercial Real Estate Mortgages. A huge thank you to the IFEBP team for organizing this fantastic event and to everyone who attended our session. #IFEBP #EmployeeBenefits #IMC #InstitutionalMortgageCapital #InnovationInBenefits #InvestmentConference #AlternativeInvestments

Downpayments aren't the same as what your grandparents remember. There's no such thing as a 20% requirement and there are many federal programs to help you get into the home of your dreams and put down roots. Some examples of low downpayment options are: FHA loans: As low as 3.5% VA loans: Zero down payment USDA loans: Zero down payment Conventional loans: Options as low as 5% These programs can help make the downpayment on your Seattle home more manageable. Looking to learn more about the downpayment options available in Seattle, Washington? We've got you covered. Check out our blog: https://lnkd.in/eF-X_xdA #SeattleDownpayment #SeattleMortgage #Downpayment #MortgageBroker

Check out Trepp's most recent Quarterly Business Review!

We are happy to announce KCG has provided bridge financing for the cash-out refinance of a #hotel property. Loan originated by Niraj Patel of Universal Mortgage & Financial Consultants, Inc. Unlock exclusive insights into alternative investments by subscribing to our newsletter at Link in comment #RealEstateInvestment #CommercialRealEstate