Federal Reserve Cuts Interest Rate

10.31.2019

The Federal Reserve reduced the benchmark U.S. interest rate for the third time this year Wednesday in an effort to boost the economy as the trade war and a global slowdown threaten to drag the U.S. economy down. Read more....

California Governor Signs Statewide Rent-Control Law

10.10.2019

California will limit rent increases for some people over the next decade after Governor Gavin Newsom signed a law Tuesday aimed at combating a housing crisis in the nation’s most populous state. Read more. For more information on this and upcoming market movers, click here to read our weekly newsletter. Mr. Wright works with several lende...

Secured Financing for Multifamily Property in San Jose, CA

10.03.2019

The loan of the week for October 3, 2019 features a purchase of a 18-unit multifamily property located in San Jose, CA. The loan is fixed at 3.85% for 5 years with a favorable step-down prepayment penalty .  For more information on this and upcoming market movers, click here to read our weekly newsletter. Mr. Wright works with several lenders and spec...