Di Jones Real Estat

Real Estate Technology, Mortgage and Lending

Businesswire | April 03, 2023

Clarion Partners Real Estate Income Fund Inc. has provided a mezzanine loan to a joint venture between BentallGreenOak and Slate Property Group to refinance the existing loan and fund additional renovations on a multifamily property known as The Biltmore* in New York City. The mortgage has been provided by Affinius Capital. Located at the northeast corner of 8th Avenue and West 47th Street in Manhattan, The Biltmore was developed in 2003; it is comprised of a total of 464 reside...

Real Estate Investment

Marble Capital | April 11, 2022

Marble Capital, a Houston-based investment advisory firm focused on multi-family rental housing across the United States, announced that the firm has signed definitive agreements to enter into a partnership with Navigator Global Investments. The transaction is expected to close in late April 2022. In the deal, Navigator will purchase a minority stake in the business and become a passive, non-voting minority partner. Most of the capital will be used to support Marble Capital's near term growt...

Market Outlook, Real Estate Technology

Addressable | March 15, 2023

On March 14, 2023, an end-to-end marketing solution provider Addressable, announced SmartCopy, that helps generate copy as a part of the company's card-writing platform. The new tool, SmartCopy, is powered by Open AI's GPT-3 to generate real estate marketing copy. SmartCopy is designed to assist real estate agents in attaining listings through outreach with personalized handwritten mail by creating AI-generated letter copy. The feature generates highly customized and com...

Real Estate Technology, Real Estate Investment

PRnewswire | May 10, 2023

FirstClose, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced today that America First Credit Union selected its FirstClose Equity™ solution to provide members access to a digital end-to-end home equity product that delivers a best-in-class experience and dramatically cuts down loan application approval times. Industry analysis shows U.S. homeowners with mortgages have seen their equity increase by a ...