AZUSA Magellan Value Partners has secured a $14.4 financing package for the construction of a self-storage facility at 900 W. Foothill Blvd., Azusa. Talonvest Capital negotiated a five-year, fixed interest rate loan on behalf of the borrower. The deal also includes four years of interest-only payments and limited recourse, and comes with a five-year extension […]
Keep Cool Head in Hot Market
Today’s housing market is red hot, with homes getting multiple offers and selling above list price in many cities. Sixty-eight percent of U.S. homes sold in July were on the market for less than a month, and the median existing-home price was up 8.5% from July 2019, according to the National Association of REALTORS®. In […]
Trump Proposes Cuts to HUD, Fannie, Freddie
President Donald Trump released his budget plan last week with a proposal to cut the Department of Housing and Urban Development’s (HUD) funding by about $8.8 billion, or 18% of its 2017 levels. The proposal would reduce Section 8 federal housing subsidies, eliminate the $1.9 billion fund for public housing capital repairs, and end funding […]
How REALTORS® Fared After Shut-Down Drama
A shut-down has been averted, and there’s good news for real estate in the budget agreement, which President Trump signed on Friday. The government had temporarily closed after Congress failed to pass a government funding bill before midnight Thursday, but an agreement was reached Friday morning. The two-year, $400 billion spending deal came as a […]
Client Tip: 5 Ways to Save Money
One of the biggest lessons prospective home owners need to learn is how to budget for the costs of home ownership, but many of your buyers may be too quick to dole out extra cash for certain conveniences or frivolous items. You can teach them where to cut gratuitous spending on their home by helping […]