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Jumbo Product, Lender Tax Credits; Disaster Updates
www.mortgagenewsdaily.com

Posted To: Pipeline Press Disaster-related news continues to be front-and-center for obvious reasons. HUD announced it will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma. In addition, HUD is Granting immediate foreclosure relief (link) Making mortgage insurance available […]

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Florida, Texas CRE Begin Long Recovery Effort from Back-to-Back Storms
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With relief efforts under way in areas ravaged by Hurricanes Harvey and Irma, analysts are now beginning to assess the broader questions of how the back-to-back natural disasters could potentially affect U.S. economic growth, the nearterm impact of the thousands of residents and tenants displaced by the storms, and how the threat of future storms […]

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Florida couple takes in dozens of foster children during Hurricane Irma
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//delivery.vidible.tv/jsonp/pid=56c21811e4b009d9eacb4ef9/vid=59b9b2efe0fa17535ffc66c0/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com A Florida couple made a shelter out of their home for more than 70 children who had nowhere to go during Hurricane Irma. Read more…

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Blue Rock Partners Purchases Pinebrook Property in Miami
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Blue Rock Partners LLC acquired the 309-unit Pinebrook apartments at 15601 SW 137th Ave. in Miami, FL for $37.25 million, or about $120,000 per unit, from Pinebrook South LTD. The 273,000-square-foot multifamily building was built in 1987 in the Palmetteo Estates MF submarket. Felipe Echarte and Evan Kristol of Marcus & Millichap represented the seller. […]

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Millenia Plaza Bldg 2 Trades for $7.1M
www.costar.com

Millenia Plaza LLC acquired the Millenia Plaza shopping center Building 2 at 4724 Millenia Plaza Way in Orlando, FL from private investors for $7.1 million, or about $866 per square foot. The 8,200-square-foot retail strip center was built in 2016 in the Orlando Central Park submarket of Orange County. Jerry Jones at Diversified Corporate Services […]

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Lenders Adjust to Disaster Areas; Lenda's Capital Raise
www.mortgagenewsdaily.com

Posted To: Pipeline Press Lender and Investor Disaster Updates Conditions are subject to change; check with investors if you have questions. NewLeaf has temporarily ceased funding all loans currently in its pipeline with properties located in the state of Florida and will continue to monitor any residential property damage caused by Hurricane Irma. For loans […]

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Midtown Capital Partners Acquires Office Bldg
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Midtown Capital Partners LLC acquired the Plantation Pointe Office Park building at 7600-7700 W. Sunrise Blvd. in Plantation, FL for $56 million, or about $255 per square foot, from Torburn Partners. The office building totals 221,597 square feet and was built in 1971 and renovated in 2017. It is located in the Plantation submarket. Both […]

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Hurricane Irma caused one of the largest natural disaster power outages in U.S. history
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//delivery.vidible.tv/jsonp/pid=56c21811e4b009d9eacb4ef9/vid=59b6775483b51f42f137c8df/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com Irma isn’t through punishing the nation’s southeast, so where exactly it stacks up among power outages is yet to be determined. But the country has already seen enough to know Irma-related blackouts are far worse than outages caused by previous hurricanes that slammed into Florida. As Americans begin to assess Hurricane Irma’s devastation, it’s […]

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Florida Keys, airports partially re-open after Irma rips through state
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//delivery.vidible.tv/jsonp/pid=56c21811e4b009d9eacb4ef9/vid=59b79d8685eb4219a025a293/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com FLORIDA CITY/MARCO ISLAND, Fla. (Reuters) – Parts of the storm-ravaged Florida Keys will allow residents to return on Tuesday to survey damage from Hurricane Irma, which devastated the state with high winds and storm surges that destroyed homes and left millions without power. Downgraded to a tropical storm early on Monday, Irma had ranked […]

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Warehouse Advice for Loans in Disaster Areas; Market Exec on Borrower Expectations
www.mortgagenewsdaily.com

Posted To: Pipeline Press Builder chatter? Builders in Texas, Louisiana, and Florida now have a choice: build new homes or help repair existing stock. Labor will be in short supply, as will materials. What about land? Prior to the hurricanes, after a successful spring selling season, builders planned ahead to fill their land pipelines in […]

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