Strong interest seen in former River Park site now up for sale | Business

An agents who has the listing for the River Park property near Hollywood Casino said Thursday he is in active discussions with five or six parties who are interested in the 23.5-acre site along the Mississippi River formerly proposed for a mixed-use development.

“The interest level is strong,” said Gordon McLeod with The McEnery Co., a New Orleans firm.

In September, 19th Judicial District Court Judge Janice Clark ruled against River Park developer Pete Clements in a four-year-long battle first brought against him by First NBC Bank. Girod LoanCo took over the battle after the failure of First NBC. Clark ruled that Clements owed the lender more than $19 million in principal and interest payments, stemming from a 2008 loan he took out on the property.

Bank trying to force River Park Development into bankruptcy

Clements spent years and millions of dollars trying to develop the tract next to Hollywood

Read More

Investors Lodge Their Interest As Idyllic Luxury Escape Property Goes Up For Sale

The land and buildings supporting a luxury lodge which is
one of the country’s leading venues for conferences,
retreats and weddings have been placed on the market for

The Kourawhero Mountain Lodge is located in the
heart of the Matakana Coast area famous for its wineries and
beaches. It offers guests an idyllic country escape less
than an hour from downtown Auckland.

Wyllie Road, Warkworth

The property
at 471 Wyllie Road, Kourawhero, is set in a
heritage-protected landscape amid forest and expansive
landscaped grounds with panoramic views of the Hauraki

The site has supported a diverse range of income
streams from lodging for guests on luxury breaks, as well as
5-star dining, and as a premium venue for weddings and a
range of corporate and group events.

Wyllie Road, Warkworth

The land and
buildings at

Read More

As vacant foreclosures increase, so does buyer interest

A Q3 2020 rise in vacant foreclosures signals a possible re-escalation in a hard-fought battle against neighborhood blight in which many cities have just recently gained the upper hand.

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. “When we began a decade ago there was much more blight. There were more than 5,000 vacant properties. Last count there were 1,800 – which is still 1,800 too many.”

The rate of vacant foreclosures, also known as “zombie” foreclosures, dropped to an all-time low of 7.4% in Youngstown in the second quarter of 2020, according to data from ATTOM Data Solutions, which also shows the zombie foreclosure rate dropping to an all-time low of 3.0% nationwide in the second quarter.

Zombie resurrection

Read More

Mortgage Interest Rates Hit Record Low For The 10th Time This Year, Pushing Home Sales Price Higher

This year’s steady decline in mortgage interest rates has taken another step down the ladder over the past week. Rates have dropped all the way to 2.81% , down from 2.87% last week and down from the previous record low of 2.86% in September, according to the Freddie Mac weekly mortgage survey. Those numbers reflect a typical 30-year fixed rate mortgage with 20% down. For a 15-year loan the rates have reached 2.35%.

Applications for mortgages only took the slightest dip, showing an overall decrease of .7% for both purchase and refinance applications combined compared to the week before, according to the Mortgage Bankers Association weekly survey. Both types of applications are still showing strong demand, with purchases seeing a 24% increase year-over-year and refinance applications seeing a 44% increase compared to the same time frame. Refinances made up roughly two-thirds of

Read More

Property Patrons Brace For New Spherical Of Interest Charge Hikes As Funding Costs Rise

Determining the short sale appraisal of property you may have below contract is one of the most necessary aspects of the quick sale enterprise. Our working capital assumption represents additional capital we think we’ll need in order to cover the day-to-day management of the funding property. Property details are regularly updated with the intention to see all of your out there Help to Purchase choices across the East and South East of England, at any time.

These comparison costs are on other comparable properties that have offered within the space and the market value that the appraiser has decided for the property. I’m based in Canada so don’t know anybody within the US to what Sunil said not to fear ’cause he had property administration company in place.

I came up with an awesome thought and mentioned, Why don’t you purchase some property and put in on there and sell … Read More