Freedom Financial Funds, LLC recently closed a $10,500,000 bridge loan that will be used to convert a non-operating hotel into a 115-unit apartment building. The project is located in the Seattle/Tacoma metroplex and was originated by Eric Shoemaker, Freedom’s Northwest Market Executive. This transaction was Freedom’s second loan to the sponsor, who opted to work…
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Article via Gavekal Research As young parents, my wife and I would bundle our four children into the car for a nine hour drive to my parents’ house in southern France. Mere minutes after starting on the road, at least one child would ask a question that the others would often repeat throughout the journey: “Are…
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Homeowners may be feeling rather well off but fast price runups in the past have led to fairly painful decreases when market enthusiasm wanes. John Wake, a Phoenix based real estate analyst shared the information below (Find John on Substack HERE). Yikes!The U.S. Real Mortgage Payment Price is now higher than at the peak of the…
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Pent-up demand to deploy capital during the pandemic has driven a surge in new investment activity, with record amounts of capital raised in 2021. Now, pension funds are striving to hit their target allocations to commercial real estate, as real estate is considered a diversifier against market volatility within institutional portfolios, a source of durable…
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Faster inflation and strong U.S. economic growth are sending the 10-year U.S. Treasury rate up. The 10-year Treasury is now above 3 percent — the highest since 2018. Historically, the 10-year yield is also as a proxy for mortgage rates. Meanwhile, the Federal Reserve raised its target federal funds rate by a half point in May…
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The California legislature passed a statewide eviction moratorium extension on March 31, 2022 for certain tenants who have applied for rental assistance on or before that date. The moratorium is set to expire on June 30th. In late April, the San Diego City Council followed suit when it voted to enact an eviction moratorium that…
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During the recent Mortgage Bankers Association’s CREF22: Commercial/Multifamily Real Estate Finance Convention & Expo in San Diego, California, Freedom Financial Funds CEO Michael Klein sat down for a discussion with Charles Williams, founder and CEO of Pioneer Realty Capital and host of financial podcast The Capital Playbook. Klein shared a glimpse of his professional journey,…
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LAI International, through its global initiative, is engaging members in a series of webinars on affordable housing. Opening the series on 2021-12-03 was a webinar featuring Howard Husock, New York chapter member and author of a recent book ‘The Poor Side of Town, and why we need it’, in conversation with Phoenix member, and…
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Following the devastating Almeda Fire that swept through the Rogue Valley on the morning of September 8, 2020, developer Fortify Holdings partnered with the Oregon Department of Human Services (ODHS), Rogue Community Health and ACCESS to create affordable housing for displaced families. While the ODHS provided short-term shelter to survivors after the fires, long-term solutions…
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Michael Klein, CEO of Freedom Financial Funds, explains how they provide debt and equity funding for Real Estate funding. Raising capital from investors, FFF provides First Trust Deed loans for 12-18 months for bridge, build to suit, construction projects by Real Estate professionals. In a world of low yield, any investor looking for cash flow…
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