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Five Things You Must Know About Merchant Cash Advances

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Solomon Berkoff, Principal at Charleston Capital Management, explains five things you must know about Merchant Cash Advances (MCA). 1. Generally, how does a Merchant Cash Advance work?   In a Merchant Cash Advance, a small business agrees to sell future revenue in exchange for an upfront payment.   [REITs]   Q1 hedge fund letters, conference, scoops etc […]

 

We’re coming after you’: Inside the merchant cash advance industry

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“Why are you screwing us over?” the phone call begins. “We’re coming after you … you stole from the wrong company, my friend.” “How did I steal from you?” the recipient of the call asks. “You stole from us. You blocked my payment.” “I blocked your payment because I don’t have sufficient money.” “Well, that’s not […]

 

This Once-Scruffy Beach Town Is South Florida’s New Real Estate Hot Spot

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Hallandale Beach, once known best for political scandals and a horse-racing track, is sprouting luxury homes and fast-rising prices. Davin Barbanell loves Miami. He owns a home there. But Dr. Barbanell, a 40-year-old chiropractor, doesn’t want to live there anymore. “It’s too hectic,” he says. In December, he and his wife, who have two kids, spent […]

 

For Homebuyers, Mortgages Are Safer but Tougher to Come By

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Now and then: Banks dropped their easy lending ways after racking up billions in losses from mortgages gone bad after the housing bubble burst, ushering in the financial crisis 10 years ago. Keri Weishaar lives in a spacious, four-bedroom house near Tampa, Florida, thanks to the easy financing that prevailed during last decade’s housing boom. “It […]

 

Unregistered advisers linked to latest alleged South Florida lending fraud

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The SEC and U.S. Attorney’s office are investigating an alleged $283 million loan fraud sold, at least in part, through a network of unregistered brokers and financial advisers   The Securities and Exchange Commission and the U.S. Attorney’s office are investigating an alleged $283 million loan fraud that was sold, at least in part, through […]

 

More high-quality private schools would electrify South Florida real estate

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For many decades, South Florida was known as the playground for retirees, who overwhelmingly emigrated from the Northeast United States. These folks simply wanted low taxes and fun in the sun, and good schools didn’t matter to them so much. In the 1980s and ’90s, our region became defined by “Miami Vice” and South Beach […]

 

Clarifying Contested Foreclosures After Bankruptcy

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Florida Governor Rick Scott recently signed off on Senate Bill 220, a new law addressing the property rights of defendants pertaining to bankruptcy and foreclosure proceedings. DS News spoke to representatives from several Florida-based Legal League 100 law firms to get the inside scoop on what Senate Bill 220 means for the industry. During the foreclosure process, debtors will sometimes […]

 

Mexican real estate investors focus on South Florida amid heated presidential race

From left: Rodrigo Azpurua, Veronica Cervera Goeseke, Diego Arnaud (Credit: Wikimedia Commons)

Buyers “have one foot out of Mexico in case something happens,” according to a broker.   In the last two months, Diego Arnaud of Aventura-based DA Luxury Realty has spotted a noticeable increase in sales activity among his clients from Mexico, who account for nearly all of his business. Several have just purchased multimillion-dollar units […]

 

Hurricanes could bring another disaster: Foreclosures

From left: Rodrigo Azpurua, Veronica Cervera Goeseke, Diego Arnaud (Credit: Wikimedia Commons)

As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures. by Lydia DePillis   @CNNMoney Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the storms, while paying rent […]

 

Mortgage relief available for homeowners hit hard by Hurricane Irma

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South Florida homeowners may be able to redirect mortgage payments to cover major repairs in the wake of Hurricane Irma. Borrowers who need help fixing their homes should contact their lenders to request forbearances from payments for up to 12 months, according to the Federal Housing Finance Agency. At the end of the forbearance period, […]