Carlton Advisory Services’ Chairman Howard L. Michaels announced that Carlton has been retained as the exclusive loan sale advisor to market and sell approximately $88 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client. The Offering Solicitation is available now and indicative bids are due September 17, 2008. There are twenty performing and non-performing commercial loan assets. The portfolio...
Parkway Properties, Inc. announced the closing of the fee simple sale of the Capitol Center office property, located in Columbia, South Carolina. Capitol Center is a 460,000 square foot property that was 97.5% occupied as of September 1, 2008. The gross sales price was $47.5 million and represents a capitalization rate of approximately 9.5% on twelve months projected cash net operating income from the date of closing. Parkway received net cash proceeds...
Solidifi Inc., a leading technology-based provider of collateral valuation and risk management services to the mortgage lending industry, announced that expansion to nationwide appraiser coverage is ahead of schedule. Response from experienced appraisers coast-to-coast since Solidifi launched its registration process less than two weeks ago surpassed initial goals and is driving the development of the fastest growing network of quality appraisers...
i3 Solutions today announced that Melanie Hadley was able to close what was once an impossible FHA mortgage loan by utilizing i3 Solutions’ latest technology, S.O.S. – Score Optimization System, which has revolutionized the credit repair industry allowing mortgage professionals across the country to close more loans that were once unobtainable. More and more mortgage professionals like Melanie Hadley are turning to the services of i3 Solutions,...
Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry, has been named by Inc. magazine as one of 2008’s Inc. 5000 fastest-growing private companies in America. IMS, which has tripled revenue in the past year, and president Cheryl Lang, will be honored at the 27th Annual Inc. 5000 Conference and Awards ceremony September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington,...
Equity One, Inc., an owner, developer, and operator of shopping centers, announced today that it has completed the acquisition of three value-added properties located in South Florida in a joint venture with an affiliate of DRA Advisors LLC. The acquired properties are: Plantation Marketplace – a 230,330 square foot community retail center located in Plantation, Florida and anchored by Winn-Dixie and CVS. Penn Dutch Plaza – a 155,628 square foot...
ServiceLink, a leading provider of origination and default services and the national mortgage services platform of Fidelity National Financial, has enhanced its title and settlement solution for reverse mortgage transactions. Understanding that reverse mortgages differ from standard refinance transactions, ServiceLink offers a personal approach to help non-traditional borrowers close loans. The company has a dedicated reverse mortgage staff that is...
The Homeownership Resource Center, a division of Family Services Inc., will hold a one-day only mortgage default clinic for all South Carolina homeowners at risk of foreclosure on Saturday, August 9, 2008 from 9 a.m. to 4 p.m. at the Columbia Radisson Hotel located at 2100 Bush River Road. This one-time-only event will allow homeowners who are facing foreclosure or behind on their mortgage payment to meet with a HUD-approved counselor one-on-one to...