Stockton Mortgage recently announced that it has appointed Christy Soukhamneut as its new chief strategy and innovation officer. Soukhamneut brings more than 20 years of executive leadership experience across independent mortgage banks, banks and credit unions — including prior roles with University Federal Credit Union, Texas Capital Bank and Flagstar Bank. She continues to serve […]
Ground leases are reshaping how affordable housing developers finance projects amid scarce capital and rising construction costs. Two recent deals show the trend taking hold in expensive, reform-minded markets. In Santa Cruz County, The Pacific Companies, an affordable housing developer in the West, closed a 99-year ground lease with Safehold for a 256-unit tax credit
Ground leases taking root in affordable housing deals as costs rise Read More »
Cornerstone Capital Bank and its mortgage lending division, Cornerstone Home Lending, have added veteran mortgage executive Daryl Wizelman and The Wizelman Team, expanding the lender’s retail mortgage operations. Wizelman joins Cornerstone after more than 35 years in mortgage banking and financial services. He was the president and owner of United Pacific Mortgage for more than 17
Cornerstone Capital Bank expands retail mortgage presence by adding Daryl Wizelman Team Read More »