INDUSTRY NEWS

Here you will find the most current and relevant industry news for Private Lending Professionals and Service Providers.

NPLA Meeting Recap: Hedge Interest Rate Risk 2024

NPLA Meeting Recap: Hedge Interest Rate Risk 2024

The recent NPLA Meeting featured an insightful presentation by Geoffrey Sharp, Managing Director and Head of Product Development & Sales at Eris Innovations, highlighting how private lenders can utilize interest rate swaps to manage risk and protect their net interest margin. Founded in 2011, Eris Innovations pioneered a unique swap contract design, replicating traditional OTC swaps with the efficiency of exchange-traded instruments. Through strategic partnerships, Eris has expanded access to its products, offering interest rate swap futures in various currencies and credit index futures.

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Toorak Capital Partners Makes History with First Rated RTL Securitization Deal 

Toorak Capital Partners Makes History with First Rated RTL Securitization Deal 

DBRS, Inc. (Morningstar DBRS) has assigned provisional credit ratings to the Mortgage-Backed Notes, Series 2024-RRTL1, issued by Toorak Mortgage Trust 2024-RRTL1, marking a significant development in the private lending industry. This securitization, encompassing various note classes rated from A (low) (sf) to B (low) (sf), demonstrates a structured approach to credit risk, highlighting innovation and robustness in the private lending sector.

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NPLA Meeting Recap: Market Update 2024

NPLA Meeting Recap: Market Update 2024

During the recent NPLA meeting, Rick Sharga, CEO of CJ Patrick Company, delivered valuable insights into the US housing market’s current state and future trajectory. While 2023 saw significant shifts, Sharga’s analysis paints a promising picture of a more balanced 2024.

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Thinking About Getting into Bed with a Short-Term Rental? Read this First!

Thinking About Getting into Bed with a Short-Term Rental? Read this First!

In the past several years, property owners renting their homes as short-term rentals has become commonplace. Short-term vacation rental companies such as Airbnb and VRBO have become popular with all walks of life including tourists, guests, property owners, and investors. Not only have short-term rentals made coordinating travel easier, but they have also generated billions of dollars in revenue for investors and property owners around the world.

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Legal Update: Purchasers at Foreclosure Sales Must Now Remove a Lis Pendens Before Initiating Eviction

Legal Update: Purchasers at Foreclosure Sales Must Now Remove a Lis Pendens Before Initiating Eviction

For years now, California, as well as many of its cities and counties have waged an outright war on a property owners right to evict tenants. Now, the courts have joined the siege. In Homeward Opportunities Fund I Trust 2019-2 v. Taptelis, the California Court of Appeals recently held that the purchaser at a foreclosure sale that is subject to a recorded lis pendens, must remove the cloud on title before starting an eviction. The Court’s ruling is a complete deviation from the law that has been in effect for decades.

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New Beneficial Ownership Reporting Requirements Under the BOI Rule

New Beneficial Ownership Reporting Requirements Under the BOI Rule

Under the new beneficial ownership reporting requirement (the “BOI Rule”) that took effect on January 1, 2024, United States legal entities, and foreign legal entities that do business in the United States, that fall within the definition of reporting company must provide information about their entities and their entities’ beneficial owners to the US Financial Crimes Enforcement Network (“FinCEN”).

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Investor Demand for Private Lending and 2024 Market Trends 

Investor Demand for Private Lending and 2024 Market Trends 

The initial NPLA meeting of the year delivered valuable insights into the current landscape of real estate transition loans, investor interest, and market dynamics. The conversation between Jon Hornik and Ryan Shanberg from Nomura shed light on various aspects of the industry and provided insights into what 2024 may bring.

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Navigating Challenges in the Multifamily Housing Market

Navigating Challenges in the Multifamily Housing Market

During the most recent NPLA meeting, Jesse McConnico, Housing Analyst from John Burns Research and Consulting, gave a presentation on navigating challenges in the multifamily housing market. The session provided valuable insights into the current state of the industry and its prospects.

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Trends in Demographics: Navigating Shifts

Trends in Demographics: Navigating Shifts

Chris Porter, Senior VP and Chief Demographer at John Burns Research and Consulting, presented a comprehensive analysis of current demographic trends at the recent NPLA meeting. The analysis included the need to redefine generational classifications, significant housing affordability, and market preference trends, as well as the impact of four major influencers on demographic shifts.

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The Current Real Estate Landscape – NPLA Meeting Recap

The Current Real Estate Landscape – NPLA Meeting Recap

John Burns Research and Consulting (JBREC) joined the October 5th National Private Lenders Association (NPLA) meeting to discuss the current state of the housing market. The housing market’s current state poses a significant challenge for resale housing. Data from the top 28 markets reveals a 40% undersupply of listings. Currently, only 1% of the total 86.1 million owner-occupied homes are available for sale, notably lower than the historical average of 3%.

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California’s AB 1033 May be a Game Changer for the Development of Accessory Dwelling Units

California’s AB 1033 May be a Game Changer for the Development of Accessory Dwelling Units

You may have read or heard about Accessory Dwelling Units or ADUs recently as building restrictions have been relaxed over the last several years allowing property owners to take advantage of additional lot space, or space within the primary residence, to add value to their property. When the California legislature recently passed Assembly Bill 1033, it opened up new opportunities to homeowners, developers, and investors by allowing for the ADU to be partitioned and sold separately from the primary dwelling unit on the property.

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A Deep Dive into Default Rates and Buy and Hold Lending

A Deep Dive into Default Rates and Buy and Hold Lending

In the ever-shifting realm of commercial lending, profound transformations are shaping the industry landscape. Conventional banks, which once stood as steadfast pillars of financial support, have recalibrated their lending standards, introducing stringent prerequisites for borrowers. Against this backdrop of change, a unique opportunity has arisen for private lenders to step into the forefront, fundamentally reshaping the dynamics of the lending sphere.

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Midyear Recap – 2023 Housing Market & Economy 

Midyear Recap – 2023 Housing Market & Economy 

In the latest National Private Lenders Association (NPLA) meeting, members gained access to market insights and expert analysis during a guest presentation by Rick Sharga, Founder & CEO of the market intelligence and business advisory firm, CJ Patrick Company.

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