Author name: Ricky Vasquez

AREC raises $390 million to finance lot and land deals for builders

Avila Real Estate Capital closed $390 million in new institutional commitments and co-investments, bringing its total capital base to more than $750 million to finance land, lot and construction loans for homebuilders and residential developers across the U.S., the firm announced Sept. 15. The Corte Madera, California-based lender, founded and led by Tony Avila, focuses […]

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Today’s non-QM borrower is harder to define and pinpoint

Self-employed workers, real estate investors, high net worth borrowers, foreign nationals and homeowners with significant equity are increasingly using nonqualified mortgage (non-QM) and other nonagency products across the country. And while California, Florida and Texas remain some of the biggest markets for non-QM lending, the diversified borrower base is becoming increasingly difficult to pinpoint on

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Residents contest Salt Lake City bid to rezone for higher density

Salt Lake City planners and leaders are attempting to do what state legislators failed to achieve through statute this year – reform local zoning code to allow more housing options and smaller lots. They hope to ease the housing affordability and supply challenges the city has faced in recent years. Like many other cities that

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