Perchwell CEO on landmark MLS shift to next-generation tech

Recognise Bank has provided a £2.025 million bridging loan to refinance existing debt on a residential development site in Hertfordshire, completing the transaction within two weeks of initial enquiry. The 12-month facility was arranged at 60% loan-to-value for a property developer with over 30 years of experience in commercial property, land promotion and asset management….

Elevated interest rates, stricter borrowing conditions, and rising living costs have made it harder for Australians to save for their next property. According to Strategic Brokers director Hung Chuy, while the recent rate hikes and changes in property taxes have slightly reduced borrowing power for many first home buyers, investors have taken a significant hit….

Wikimedia Commons/Kevin Krejci The San Francisco skyline The developer behind the renovation of India Basin north of Hunters Point and Bayview along San Francisco’s eastern waterfront was served with a notice of default on the more than 24-acre project. An affiliate of Build Inc. defaulted on a $34.9M loan that matured March 31, the San…

By Brian Platt, Josh Wingrove and Nojoud Al Mallees (Bloomberg) — A year ago, after a meeting with Canada’s provincial leaders, Prime Minister Mark Carney made a pledge that he has since repeated many times.  “Canada will not accept a bad deal,” he said about trade negotiations with President Donald Trump’s administration. That promise is…

By Nojoud Al Mallees (Bloomberg) — The Canadian economy is on track for a stronger-than-expected rebound in the second quarter, as oil and gas led growth in May for a second consecutive month. A preliminary estimate suggests real gross domestic product expanded at an annualized rate of 3.4% between April and June, according to Statistics…

A Virginia farmhouse that spent its first 184 years in Sussex County now sits on the Potomac River, just downstream from George Washington‘s Mount Vernon—and it’s recently found a buyer. Known as Carlby, the five-bedroom house measures 2,992 square feet on 2.18 acres at 4509 Carlby Lane in Alexandria and is listed for $3,799,000. Now…