Toronto-Based FULECap Introduces Innovative Concept in Commercial Real Estate Financing

FULECAP | June 17, 2020

Toronto-based company, FULECap, has recently made its debut into the Canadian real estate marketplace by innovating a virtually unlimited and rapidly-available Refundable Deposit Financing (RDF) for commercial real estate buyers. The RDF program provides commercial real estate buyers with short-term deposit capital during the Due Diligence (DD) period, typically the 30 to 90-day cycle before the deal is considered firm. Each deposit loan is held in the vendor’s lawyer’s trust account until the maturity of the DD period. The COVID-19 pandemic has greatly impacted both the global and Canadian economies, creating challenging times for individuals and businesses. Many financial institutions are hesitant to lend to borrowers out of fear that they may be unable to pay.

Spotlight

The decision to buy a new home is a big one and is not one you typically make overnight. If you’ve started contemplating the possibility of giving up renting to make the move into your own home.

Spotlight

The decision to buy a new home is a big one and is not one you typically make overnight. If you’ve started contemplating the possibility of giving up renting to make the move into your own home.

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Dalfen Industrial Acquires Central Valley Property

Dalfen Industrial | January 12, 2022

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REAL ESTATE INVESTMENT

ABS Announces integration with Lightning Docs™, Geraci LLP's National Loan Document Solution

Lightning DocsTM | November 11, 2021

Applied Business Software™ ("ABS"), makers of The Mortgage Office®, leader in loan servicing and fund management software, announced today the launch of an integration with Lightning Docs™, a proprietary cloud based national loan document generation system, developed by Geraci LLP, the nationwide leader in business purpose loan documents for the private lending industry. "The Mortgage Office® is a well-known and respected leader in the loan origination software space. Their 40+ year track record speaks for itself. We are honored they have chosen to partner with Geraci LLP to integrate with our Lightning Docs™ loan document generation system and we look forward to providing our mutual clients the most advanced technology in the private lending space allowing lenders to originate loans nationwide with peace of mind." - Nema Daghbandan, Esq., Partner with Geraci LLP "We are thrilled about this integration with Lighting Docs™ by Geraci LLP. We have had a long-standing relationship and a mutual respect throughout the years." He added: "This development is consistent with our vision of integrations, and the continued pursuit to provide our customers tools that simplify, enhance, and automate their entire lending operation." - Carlos Nodarse, CEO of Applied Business Software About Applied Business Software Applied Business Software is a market leader and global provider of software systems and solutions to the lending industry. ABS offers a complete suite of software products designed from the ground up to specifically address the needs of those who originate and service loans. All our products are consistently rated superior in design, system interface, expandability, and ease of use. ABS is based in Long Beach, California. About Lightning DocsTM: Lightning Docs™ is a proprietary cloud-based loan document generation system developed in-house by the attorneys and partners at Geraci LLP. Lightning Docs permits its clients to generate business purpose loan documents nationwide at the click of a button. The system will generate any business purpose loan documents including bridge, fix and flip, ground up construction, DSCR rental, portfolio rental, etc. The documents have been used for numerous rated and unrated securitizations and are considered the industry standard for the private lending industry.

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REAL ESTATE TECHNOLOGY

WHI Real Estate Partners L.P. Confirms Final Closing of WHI Real Estate Partners V, L.P. with $385 Million in Capital Commitments

WHI Real Estate Partners | May 07, 2021

WHI Real Estate Partners L.P. confirmed recently the final closing of WHI Real Estate Partners V, L.P, with $385.0 million in capital contributions, reaching the Fund's goal of $325.0 million. WHIREP plans to invest the Fund in a diverse variety of commercial, residential, hotel, office, and other assets around the United States, following in the footsteps of WHIREP's predecessor funds' opportunistic investment strategy. A global community of investors, including university endowments, foundations, health care companies, wealth management firms, family offices, among others, contributed money to WHIREP V. WHIREP now plans the Fund to purchase real estate properties with an aggregate cost of $1.0 - $1.1 billion. The Fund's sole placement agent was PJT Park Hill, a corporate group of PJT Partners Inc. Kirkland & Ellis LLP represented the general partner in connection with the offering of Fund interests. About WHI Real Estate Partners WHI Real Estate Partners L.P. is a private investment company focusing on repositioning middle-market real estate properties throughout the United States. WHIREP actively manages nearly $1.1 billion in assets on behalf of a select group of university endowments, foundations, health care systems, wealth management agencies, private offices, and others.

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