RCN Capital has announced the acquisition of BLN Software, which offers a loan origination system and loan management system for the private lending industry. By acquiring BLN Software, RCN will provide a more robust platform for its wholesale clients.
CenterSquare Investment Management has announced the creation of a commercial real estate debt co-investment vehicle alongside Temasek, an investment company headquartered in Singapore. Once fully funded, the vehicle will have $200 million to deploy and will invest in high-quality subordinate real estate loans.
White Oak Capital Holdings, LLC, a national provider of structured financing solutions for commercial real estate, and its affiliated company Red Oak Capital Holdings, have acquired a majority stake in Johnson Capital Multifamily LLC. The move expands White Oak’s product offerings to include FHA lending programs for multifamily, affordable housing, senior housing and healthcare properties. Johnson will operate as a separate entity alongside Red Oak within the White Oak’s corporate umbrella.
Ownwell, a proptech company, has partnered with Valon, a mortgage servicing and software company, to bring Ownwell’s tax-saving services to hundreds of thousands of homeowners. The Austin-based Ownwell has a proprietary platform that determines whether a customer’s property has been over assessed, and by how much. The company’s software then requests an assessment reduction.
Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions, has launched a community lending division to expand homeownership opportunities for underserved communities across the nation. The new division aims to close racial and economic gaps in homeownership and help families achieve their dream of owning a home.
The Mortgage Bankers Association has partnered with the PREA Foundation to help introduce college students to the commercial real estate finance industry. The partnership between the two organizations will highlight their commitment to fostering inclusive growth in the commercial real estate industry through expanding opportunities to more people.
Land Home Financial Services has been honored with the Preferred Lender designation by the Iowa Finance Authority (IFA). The preferred lender designation from IFA is a sign of the company’s dedication to providing a streamlined process for securing loans, as well as its ability to offer customized solutions that cater to the needs of their clients.
