“As a lender, we are in a unique position that allows us to directly ease the financial burden that so many are experiencing right now and, most importantly, we want to express our deep gratitude,” said PMR Managing Partner Cory Swain.
MERIDIAN, Idaho (PRWEB) July 11, 2020
As a gesture of gratitude to local public safety professionals working on the front lines of the COVID-19 pandemic, Premier Mortgage Resources, LLC, has launched a new home loan savings program, called “Hometown Heroes.”
Under this program, any first responder or health care professional approved for a home loan through PMR will receive a closing cost credit. Qualifying borrowers are eligible for a credit of up to $1,295 toward the cost of closing their home loan from a waived documentation fee. If borrowers choose to work with a real estate agent who is participating in the program, they will receive an additional credit amount, determined by the agent.
“As a lender, we are in a unique position that allows us to directly ease the financial burden that so many are experiencing right now and, most importantly, we want to express our deep gratitude,” said PMR Managing Partner, Cory Swain. “It’s such a privilege to be able to show our thanks to local heroes who are doing so much for the communities we lend in. We are truly in awe of the work they are doing.”
In addition to offering the program’s discount, loan officers are prepared to help health care professionals navigate the home loan process during this uncertain time. Homeowners are encouraged to contact a local branch to be put in touch with a loan officer who can assist with their unique financial situation.
“We know that the sacrifices being made by health care professionals are immeasurable, and we want to remove any barriers to homeownership that they may be experiencing so that they can focus on what matters most; the health and safety of themselves, their families and community members,” said Producing Branch Manager, Mandi Feely.
About Premier Mortgage Resources, LLC
PMR has been helping homebuyers achieve the dream of homeownership since 1991 and has grown to 31 branches throughout the United States, with a team of more than 120 loan officers ready to assist homebuyers in achieving their financial goals. The company prides itself on excellence in customer service, competitive rates and the best mortgage programs available. For more information about the Hometown Heroes program, visit PMRLoans.com.
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CapitalStackers, a P2P Lender focused on Real Estate Finance, Invests Outside its Normal Corridor of Expertise, Works with New Senior Lender
Steve Robson, MD at CapitalStackers, a UK-based peer to peer (P2P) lending platform focused on real estate finance, notes that they’re working with a new borrower, a new location, and also a new bank.
The company states in a blog post:
“A highly attractive scheme in Surrey has tempted CapitalStackers to invest outside their normal corridor of expertise in the North – and also to partner with a new senior lender.”
The CapitalStackers team further notes that there’s a luxury apartment project intended for wealthy “downsizers,” a prestigious or high-profile street and an affluent village combined with a “high-quality” borrower that “convinced” the CapitalStackers team of the scheme’s worth. The investors also agreed as the £950,000 needed to finance part of the land purchase was secured in only 4 days, the company claims.
While sharing other terms of the deal, the CapitalStackers team pointed out that “with the borrower tabling equity of £810,000 and a personal guarantee for the whole CapitalStackers loan, Shawbrook Bank entered its first ever partnership with CapitalStackers – putting up the senior debt of £8,014,000 which will fund the remainder of the land value and 100% of the construction costs. This, as regular investors will know, fulfils CapitalStackers’ prerequisite, namely that the entire scheme should be fully funded to completion before any of its investors part with any cash.”
“So with a total debt of £8,964,000, the completed scheme (post Covid-19) is valued by Strutt & Parker at £12.33 million – an overall £529 per sq ft with a gross rental value of £508,800 per annum for the 14 spacious two-bedroom apartments with 28 covered car spaces.”
(Note: for more details on this particular deal, check here.)
The CapitalStackers team confirmed that, as usual, they have performed extensive risk modelling on the site which includes the main parties and factors involved in the deal including the borrower, COVID-19 crisis, possible or potential threats to sales and any cost overruns.
CapitalStackers’ management stated that on “sensitivity assumptions,” 8 properties would “sell within 10 months of practical completion reducing the LTV ratio to 50.8% and rental values would provide gross interest cover of 1.08% assuming an interest rate of 4.5%.” They added that “this downside scenario demonstrates the opportunity to refinance the remaining 6 units in the event of sluggish sales. The Base Case indicates the project will be fully sold out within 7 months of completion.”
As covered in June 2020, CapitalStackers had reportedly repaid £1.4 million (appr. $1.7 million) to investors, despite the socio-economic challenges created due to the global COVID-19 outbreak.
CapitalStackers had confirmed that it’s planning to introduce an Innovative Finance ISA (IFISA), which allows investors to make P2P lending investments within a tax-free “wrapper.”
The P2P property lending platform had noted that the recent payments made to clients had come after two projects were finalized, with returns between 8.25% to 17% paid to investors.
Steve Robson, MD at CapitalStackers had said it’s “a clear barometer of the health of the sector to see that sales are going through.” He had also mentioned that P2P lending investors were consistently being repaid and their “appetite for new investments remains strong.”
He had also said that the results indicate that even during challenging time (due to the Coronavirus crisis), investors are still eager to invest in a platform that “gives them confidence and regular feedback.”
Robson had revealed in June 2020 that CapitalStackers was adding more features and updating its platform. It had been planning to integrate payment services via Goji, an alternative lending tech provider, and will be introducing an IFISA.
YourHome1Source and Money Management, Changing How America Overcomes…
Homeowners today face complex financial decisions, from calculating a home budget to managing debts, facing job loss, or natural disaster. People need help! Money Management and YourHome1Source have teamed on helpful resources for homeowners in need, says Sean Stockell, Publisher of YourHome1Source
TAMPA, Fla. and HOUSTON (PRWEB) October 20, 2020
Two leaders in financial education have teamed to provide an array of helpful resources for U.S. home buyers and homeowners. Money Management International (MMI) and YourHome1Source (YH1S.com) are collaborating to provide practical guidance across important financial topics such as Creating a Home Budget, Repaying Credit Card Debt, Understanding Credit Scores, Preparing to Buy a Home, Recovering from a Natural Disaster, Avoiding Home Foreclosure, and more.
“This is our company mission in action. This is why we developed YH1S.com – to be a one-stop trusted resource for home buyers and homeowners on important home-related financial matters. This moment in time is so rewarding for our team. Money Management has been committed to financial counseling since 1958, and their helpful guidance has benefitted millions of families over the years. It’s an honor and privilege to work closely with MMI on educational content, especially knowing our combined efforts will lead to improved, tangible solutions for more people facing real-life financial challenges. Combining our resources to reach and help more Americans is extremely rewarding, and bolsters our commitment at work each day,” says Sean Stockell, Publisher of YourHome1Source.
“MMI is pleased to help YH1S.com support prospective and current homeowners in achieving their goals,” said Jim Triggs, President and CEO of MMI. “As one of the nation’s largest nonprofit credit and housing advisors, we strive to make life affordable for everyone through innovative solutions and partnerships. Collaboration with YH1S.com is a natural fit, benefiting people as they seek their own path to achieving The American Dream. Our certified experts stand ready 24/7 to help individuals and families overcome the barriers they face and increase their confidence to lead financially healthy lives.”
“Our company always brings solutions for success to families and entrepreneurs. Our partnership with YourHome1Source is an extension of that philosophy,” says Kathy Ireland, Chair, CEO and Chief Designer of kathy ireland® Worldwide (kiWW®). “Knowledge is key to empowerment, especially now, as so many individuals, families and businesses are facing difficult choices brought on by the pandemic, YourHome1Source is now able to offer everyone the education and tools needed to make informed decisions.”
ABOUT kathy ireland® WORLDWIDE (kiWW®): https://www.kathyireland.com/
kiWW® is listed at #26 in the world by License Global Magazine. Kathy Ireland is one of the most influential businesswomen in the world today and according to Fairchild Publications, Kathy is one of the 50 most influential people in fashion. Furniture Today also names Kathy one of the most influential leaders in the furniture industry. Kathy has graced the cover of Forbes Magazine twice (2012, 2016) and was featured on the cover of SUCCESS magazine in August 2019. kiWW® is the recipient of many awards including several Good Housekeeping Seals.
ABOUT MMI: https://www.moneymanagement.org/
Money Management International (MMI) is changing the way financial challenges are solved. MMI helps create, restore, and maintain a life of financial wellness through empowered choices. For over 60 years, our clients have achieved financial confidence through nonprofit programs that educate, motivate, and liberate. MMI inspires action by delivering expert professional guidance and timely solutions aligned with our clients’ goals. Experiencing a financial challenge? Find your solution 24/7 at 866.864.8995 and MoneyManagement.org.
ABOUT YOURHOME1SOURCE® https://www.yourhome1source.com/
YourHome1Source® (YH1S.com), America’s Resource on Homeownership® is a leading online resource for home buyers and homeowners covering many home-related topics including home buying, building, remodeling, furnishing & décor, home loans, insurance, home inspections, home security, smart-home technology and more. Visitors find tips, emerging product announcements, savings opportunities and home project solutions, and can view hundreds of home product videos on Your Home TV. Other resources include home plan and resource books, home valuation tool, home budget worksheet, mortgage calculator, photo galleries, checklists on home loans, buying, selling, building and access to free credit reports, credit scores and ways to protect personal identity and financial information.
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Drucker + Falk Communities’ Online Reputation Score Earns Them…
DF knows how important the happiness is of each and every one of our residents nationwide. This understanding is deeply ingrained in our people, our processes, and our culture.
NEWPORT NEWS, Va. (PRWEB) October 20, 2020
Multifamily Executive in partnership with the leading apartment industry research firm, J Turner Research, recently featured their second installment of the Metropolitan Statistical Area (MSA) Online Reputation Assessment (ORA) Power Ranking. In this most recent list, they ranked the 26 to 50 most populous MSAs by their average ORA score and highlighted the top 10 properties in each by online reputation. Drucker + Falk (DF), a best-in-class multifamily management organization and full-service real estate and investment firm, is beyond proud to be recognized one the list four times for communities in the Hampton Roads and Richmond areas of Virginia.
The ORA score is assigned based on an aggregate compilation of an apartment community’s ratings across various review sites and internet listing services (ILSs). The online ratings of more than 100,000 properties are monitored and analyzed nationwide on a monthly basis, and the communities are assigned a score of 0-100. This score aids in comparing properties and portfolios against one another and serves as a reference point for local, regional, and national competition. Among the 250 properties listed in this most recent ranking, 151 (or 61%) scored an ORA of 90 or above, three of which are currently managed by Drucker + Falk.
Tarra Secrest, Director of Marketing for Drucker + Falk shared, “DF knows how important the happiness is of each and every one of our residents nationwide. This understanding is deeply ingrained in our people, our processes, and our culture. The company, along with the immediate efforts of our on-site teams strives to have the highest online reputation scores for every one of our communities and is dedication to resident satisfaction across the board”
See below for information on the four Drucker + Falk – managed apartment communities on the list:
The Crossings at Red Mill Apartments | Virginia Beach, VA | ORA Score of 93
Venture Apartments iN Tech Center | Newport News, VA | ORA Score of 92
The Choices at Holland Windsor | Virginia Beach, VA | ORA Score of 91
The Winterfield at Midlothian | Richmond, VA | ORA Score of 88
ABOUT DRUCKER + FALK
Founded in 1938, Drucker + Falk is a full service real estate and investment firm managing a diverse portfolio of nearly 40,000 apartment homes and approximately 3,000,000 square feet of office, retail and industrial space in 13 states. In addition to managing a broad range of properties, including class A+ to affordable apartment communities, mixed-use and all types of commercial properties, Drucker + Falk partners with clients on developing new properties, renovating and repositioning assets, converting historic properties to unique, upscale apartment homes and offers commercial leasing and sales services. For more information visit Drucker + Falk.
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