Melo Group lands $142M refi for Art Plaza
The Melo Group closed on $142 million in refinancing for Art Plaza in downtown Miami’s Arts & Entertainment District. The loan comes a year after Melo closed on a similar, $142 million refinancing of...
refinancings
Jeffrey Soffer scores $1.2B refi of Fontainebleau Miami Beach
Jeffrey Soffer closed on a $1.175 billion refinancing of the Fontainebleau Miami Beach, marking the latest restructuring of debt...
Struggling Neiman Marcus scores loan from Credit Suisse for Coral Gables store
Neiman Marcus closed on a $37.38 million loan from Credit Suisse for one of its South Florida stores as...
Whitman scores $550M loan for Bal Harbour Shops
UPDATED, July 8, 2:35 p.m.: Whitman Family Development closed on a $550 million loan for Bal Harbour Shops, as...
Jeffrey Soffer’s Turnberry Isle, HFZ’s Shore Club hotel close refinancings
The owners of two South Florida hotels closed on major refinancings of their properties, records show. JW Marriott Miami...
More Americans are choosing not to tap into their home equity
American homeowners are doing something surprising: Despite record amounts of home equity available to them — an estimated $1.5...
Ivy Realty scores $46M refi for downtown Fort Lauderdale office tower
Ivy Realty just scored a $46.1 million refinancing for its Tower 101 office complex in downtown Fort Lauderdale. J.P....
Mortgage rates are going up, and homeowners are abandoning refinancings
Refinancings are comprising their lowest portion of the mortgage industry in more than 20 years. In 2017, the industry...
Home equity lines are back en vogue
Tapping one’s home for cash is a “thing” again, according to the Wall Street Journal. Home prices around the nation are increasing, and with that, a growing confidence in home equity. Borrowing via home...
Cash-out refinancings are on the rise, just like in 2008
They’re either a valuable financial tool for homeowners or a harbinger of trouble on the horizon: Cash-out refinancings, which...
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