All Posts in "Real Estate News" Category

In the decade since its founding, fintech company Flyhomes has witnessed a variety of events. From a global pandemic and record low interest rates to a historic increase in interest rates and the drying up of previously free-flowing venture capital funds, the Seattle-based company has navigated it all.   “I think these last three years or…

RF Renovo Management Co. LLC, a nationwide lender to residential real estate investors, closed two senior secured corporate note transactions totaling $74.5 million, the company announced Thursday. The dual-tranche structure received investment-grade ratings from Egan-Jones and HR Ratings, according to the announcement. Brean Capital LLC served as Renovo’s exclusive financial adviser and sole placement agent….

Rocket Mortgage has filed a lawsuit against United Wholesale Mortgage (UWM), claiming the rival intentionally breached contractual nonsolicitation obligations it owes to servicer Mr. Cooper Group.  Rocket alleges that UWM is liable for nearly $100 million in damages for soliciting borrowers across 182,000 loans over the past 18 months, according to the lawsuit filed on…

Sumitomo Forestry has officially closed its acquisition of Tri Pointe Homes, moving from “agreement announced” to “deal done” on a $47-per-share, all-cash transaction that reshapes the upper tier of U.S. homebuilding scale and accelerates a deeper play on vertical integration. Deal terms now locked in Tokyo-based Sumitomo Forestry Co. Ltd. and Tri Pointe Homes Inc….