LGI Homes, Inc | November 08, 2021
LGI Mortgage Solutions, the joint venture formed by loanDepot, the nation's second largest nonbank retail lender and LGI Homes, Inc., one of the fastest growing home builders in the nation, is now offering full-service, residential mortgage solutions and personalized service in Arizona, Colorado and Florida. The company has plans to expand into ten additional states—Georgia, Tennessee, New Mexico, Minnesota, Oklahoma, North Carolina, South Carolina, Oregon, Washington and Alabama—during the first quarter of 2022, with six additional states coming online later in the year.
As a national preferred lender with LGI Homes since 2015, we know the quality of work and high-level of service the company provides, Launching LGI Mortgage Solutions allows loanDepot to expand our relationship and service the financial needs of LGI Homes' customers, streamlining the home financing process to make the dream of homeownership a reality for even more individuals and families across the country.
- Dan Peña, loanDepot executive vice president of national joint ventures
LGI Mortgage Solutions also expands loanDepot's footprint in the purchase mortgage market and is an important part of the company's unique channel diversification strategy.
Headquartered in The Woodlands, Texas, LGI Homes is known for its well-crafted homes and simplified buying process. The company focuses on customer feedback to ensure that they are continuously offering an outstanding product and exceptional customer service. Named the Builder of the Year in 2016 by Professional Builder Magazine, LGI Homes focuses on customer care, integrity, ethical behavior, loyalty, efficiency and profitability to ensure a consistent outstanding experience for its home buyers.
Working exclusively with loanDepot through this joint venture ensures that our customers will enjoy an exceptional homebuying experience from first visit through loan close, Backed by two best-in-class companies with well-matched values and quality standards, LGI Mortgage Solutions will deliver competitive rates, superior customer service, and a transparent, streamlined mortgage process enabling industry-leading customer service and a stress-free lending experience for LGI customers.
- Mike Snider, LGI Homes president and chief operating officer.
loanDepot is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as the nation's second largest retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.
About LGI Homes, Inc.
LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America's fastest growing companies, LGI Homes has a notable legacy of more than 18 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 19 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes' commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA's 2021 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation
REAL ESTATE INVESTMENT
Greater San Diego Association of REALTORS® | December 09, 2021
The Greater San Diego Association of REALTORS® (SDAR) announces an additional grant support for Smart Coast California, a 501(c)(6) organization founded by REALTORS® in response to sea level rise policies impacting coastal communities and property owners. The most recent grant in the amount of $495,000 was approved by the National Association of REALTOR® (NAR) on December 2, bringing the total grant awards this year to $1.07 million.
SDAR President Carla Farley also serves as the 2021 President of Smart Coast California. The organization was founded in 2019 to monitor coastal policies and be a strong voice advocating for the protection of communities and the property rights of homeowners. Smart Coast California membership includes 29 local REALTOR® associations along California's 1,100-mile coastline.
"The Greater San Diego Association of REALTORS® is not only the voice for real estate professionals, but also for property owners throughout San Diego County.We helped to form Smart Coast California to ensure a strong, unified voice was in place up and down California's coastline in defense of property rights and of our coastal communities."
Previous grant funds totaling $300,000 were approved on October 5 by the California Association of REALTORS® (C.A.R.) IMPAC Trustees. The organization was earlier awarded $212,000 in August by NAR. The funds will be used to enhance monitoring capabilities, expand advocacy initiatives, and grow the organization.
"Few individuals are aware of some of the controversial policies being advanced by the California Coastal Commission, including managed retreat, which would require the removal of needed protective devices, such as sea walls," explained Farley. "These policies are an affront to property rights and would prevent our coastal communities and property owners from defending their homes and neighborhoods from rising seas," she continued. "Through Smart Coast California, we monitor and respond to the actions of the California Coastal Commission and advocate for balanced coastal management policies that will protect the unique character of our coastal communities and the property rights of the individuals who call these areas home."
At issue, the California Coastal Commission (CCC) is working with California's coastal cities and counties to update their Local Coastal Programs (LCPs) to account for sea level rise. Among the more controversial policies the CCC is recommending is "managed retreat," a coastal management policy that calls for relocation or removal of coastal structures, including homes, inland away from rising tides. This issue led to a decision on June 7 by the Del Mar City Council to withdraw their proposed update to their LCP, refusing to accept the CCC's recommended policies. Del Mar is now one of several cities who have withdrawn their proposal from consideration by the CCC.om
"We've been tremendously active up and down the coast over the past 18 months, including weighing in on 16 local coastal plans as well as several related California Coastal Commission actions and state legislative proposals,The support we've received from our state and national associations, in conjunction with the funds from our coalition of local REALTOR® associations throughout the state, is instrumental to the success we've enjoyed this year and expect to continue in the years ahead."
REAL ESTATE TECHNOLOGY
businesswire | December 15, 2020
KKR, a main worldwide speculation firm, today declared the obtaining of a 600,000 square foot mechanical dispersion property in Hamburg, Pennsylvania. The property is the principal procurement by KKR's land business in the Lehigh Valley market.
The resource is a best in class satisfaction focus finished in 2020, which is found only minutes from Allentown and offers superb network to New York and the more extensive Tri-State zone inside a two hour drive. The property was 100% rented at procurement to excellent occupant on a drawn out premise. KKR procured the resource from the engineer, the Keith Corporation.
“We are excited to expand our broader industrial footprint with our first acquisition in the Lehigh Valley market,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.
KKR is making the speculation through its center in addition to land system. Across its assets, KKR now possesses more than 31 million square feet of mechanical property in essential areas across significant metropolitan regions in the U.S. Since dispatching a devoted land stage in 2011, KKR has developed land AUM to roughly $14 billion across the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 devoted venture experts, spreading over both the value and credit organizations.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR