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Treasury to expand reporting on shell companies in real estate deals
President Joe Biden’s administration is reportedly set to make life more difficult for those looking to make all-cash real...
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The nitty gritty on federal rent relief
As the multifamily sector welcomed the inclusion of $25 billion in rental assistance in the federal relief package, it rushed to decipher the 5,000-page bill. Here are some key details. The funds will be...
National
Monty Bennett-tied companies to return $68M in PPP funds
Lodging companies connected to Texas hotelier Monty Bennett are returning more than $68 million in federal aid, after facing...
National
Banks can snatch stimulus checks before landlords see a dime
Legislators fast-tracked the federal stimulus package to provide “fast and direct relief,” but allowed banks to garnish the checks...
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Fed plans major commercial mortgage buyback
The Federal Reserve dramatically expanded its lending programs meant to unclog credit on Monday by expanding its facilities to include different types of municipal and corporate debt. The Federal Open Market Committee said the...
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Tax perk meant for mom-and-pop owners will instead benefit major property investors
Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The...
National Cheat Sheet: How much money WeWork made — and lost — last year … & more
Here’s how much WeWork made and lost last year Investors readily bought $702 million in junk bonds from WeWork in the co-working space’s initial...
IRS closes off remaining REIT spinoff loophole
The Internal Revenue Service officially closed the last remaining legal avenue that allowed non-real estate corporations to spin off their...
LLC buyers not missing a beat despite Treasury crackdown
In a town where buyers pay a premium for privacy, the U.S. Treasury’s plan to start tracing anonymous purchases...
Fannie wants $7.8B more in Treasury aid
Fannie Mae and CFO Susan McFarlandAfter reporting $5.1 billion in third-quarter losses Fannie Mae is seeking $7.8 billion more in Treasury Department aid, according to Bloomberg News. The loss is up from $3.5 billion...