CoreVest steps up its bridge lending game | 2018-05-14

CoreVest expanded its bridge lending platform to include multifamily properties up to 150 units. Citing customer demand for bridge lending, which likely comes from a lack of investor interest in new multifamily construction, CoreVest will offer loans in the $250,000 to $25+ million range. "This is a logical extension of our business," CoreVest Chief Operating Officer…

Buckingham Partners debuts first multifamily fund at $175 million | 2018-05-14

Buckingham Partners closed its first multifamily fund, Buckingham Multifamily Fund I. The fund totals $175 million and will target value-add investments in fast-growing secondary markets in the Midwest and Southeast U.S. Buckingham Partners is an affiliate of Buckingham Companies, a full-service real estate company. So far, Buckingham Multifamily Fund I has closed or is about…

Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions | 2018-05-14

Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. Several months ago, Capital One announced an abrupt departure from the mortgage business. Now, analysts at Trefis, posting on Forbes, claim this move is going to be a good one for investors, especially as…