Market Updates

What Every California Lender Should Know about Honchariw v. FJM Private Mortgage Fund, LLC, et al.

by

In 2018, Nicholas and Sharon Honchariw took out a $5.6 million business purpose loan from FJM Private Mortgage Fund LLC; however, they defaulted on their September 2019 monthly payment. According to the terms of the loan, the default automatically entitled FJM to charge a one-time 10% fee along with a default interest charge of 9.99% … Read more

Private Equity Firms are Buying up Real Estate as the Market Crashes and Foreclosures Rise. How Will This Affect the Market Long-Term?

by

According to conservative estimates, private equity firms own one out of every twenty-six apartment listings in the United States, along with 1.6 million housing units, 275,000 manufactured home lots, and nearly 240,000 single-family rental homes. What’s more, it’s not uncommon for firms to take advantage of rising foreclosure rates and an overall dip in home … Read more