Good morning, investors. In today’s real estate news—a simple overview of the retail market’s woes, a scammer couple reveal the flaws with the EB-5 program, and banks aren’t lending to apartment projects like they used to.
What in the World Is Causing the Retail Meltdown of 2017?
An easy-to-read explanation of the current problems facing the retail industry. The problems goes beyond Amazon’s relentless assault on brick-and-mortar.
Inside LA’s Deceptively Simple $50M EB-5 Scam
Victoria and Tat Chan scammed millions of dollars from foreign Chinese investors over the course of several years, transferring money from a fake development to a series of luxury homes for themselves. The situation isn’t as uncommon as it should be, and points to issues with the EB-5 program.
Multifamily Construction Loans Are Harder to Find
Banks are offering smaller loans than they once did to finance the development of multifamily properties. Banks face increased regulations that limit their risk-taking abilities. Financing can be found through other avenues though.