| CT CAPITAL, Florida Hard Money Lender offers short term bridge ...
/24-7PressRelease/ - FORT LAUDERDALE, FL, March 16, 2007 - CT Capital offers bridge loans for non-conforming, residential (non-owner occupied) and commercial real estate projects. We are a hard money lender working directly with the public. As a licensed Florida Mortgage Lender we review, accept, fund and service our own loans. Institutionally backed, CT Capital is able to offer rates & terms that are unavailable to other lenders. This vast funding capability enables us to provide funding immediately. CT Capital is located in Fort Lauderdale, Florida and serves brokers and borrowers across the state. As a direct lender and seasoned real estate investor, we offer many services which others are unable to provide. .
Investing: A bust in Spanish vacation homes?
LONDON: Prices for vacation homes in Spain, a leading indicator of the European property market, may face a slump that is worse than the real estate decline in the United States, based on the loan terms banks are imposing on developers. The property magnate Fernando MartÃn, the former Real Madrid soccer chairman, and Promociones Habitat are paying five times more to borrow than U.S. developers like Centex in Dallas. Even United Airlines, which was bankrupt last year, pays a lower risk premium on its loans. "Banks are imposing terms on real estate firms similar to those for defaulted loans," said David Malpica, who helps manage $5.6 billion of real estate and distressed debt assets in Europe and the United States for CarVal Investor in London. "It reflects the high volatility of real estate assets." Property agents in Spain, the hottest housing market in Europe this decade, are likely to cut vacation home prices by as much as 10 percent this year, according to RR de Acuna & Associates in Madrid, which values real estate for about 40 percent of mortgages.
Colorado foreclosure hotline seen as a success
At least 4 out of 5 callers to the Colorado Foreclosure hotline who meet with housing counselors avoid foreclosure, according to a report released today by the Colorado Division of Housing and Brothers Redevelopment, Inc. The report comes as the foreclosure hotline surpasses 10,000 calls five months after the hotline launched. Receiving about 75 calls each day, the hotline (1-877-601-HOPE) connects callers with local housing counselors throughout the state. Homeowners who call are encouraged to meet with housing counselors. Among those who work with a counselor, fewer than one in 5 lose their homes to a foreclosure sale at auction, while most work with the counselors and with mortgage companies to find other options such as repayment plans, modifications to the mortgage agreement, or selling the home before final foreclosure.
|
