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Aldermore Bank has reported £10.4bn in gross property lending for the year ending June 2026, up from £8.7bn the year before. It said its property finance division was its “primary driver of growth”, reflecting growth in specialist buy to let (BTL) and its acquisition of Octane Capital, which added £500m in bespoke bridging, refurbishment…
For banks seeking a larger share of their commercial customers’ operating cash, new federal deposit rules may help those efforts. The Federal Deposit Insurance Corp.’s interim final rule, adopted Aug. 27 and effective Tuesday (Sept. 1), substantially increases the amount of reciprocal deposits that qualifying banks can accept under the statutory exception from brokered-deposit treatment….
Tidal Real Estate Partners is “waving” hello to the opportunity to convert a Savannah, Ga., multifamily building into a Margaritaville-branded hotel. The New York City development firm just sealed $113 million of bridge debt to recapitalize and repurpose the 2023-built Ann Street Lofts property into the 230-key Margaritaville Hotel Savannah, Commercial Observer has learned SEE…
This as-told-to essay is based on a conversation with Ciara Jones. It has been edited for length and clarity. My daughter recently turned 13, and there were so many ideas we had about how to celebrate. It’s a huge birthday — a big deal for a kid, and we wanted to make it special for…
Heidmar Maritime Holdings: The Warnings Still Apply
Shorenstein Investment Advisers has purchased the Moore Building, a 245,826-square-foot office property in Nashville, Tenn. Portman Holdings was the seller. The acquisition comes on the heals of the company buying a 330,000 square foot building in the Gulch Union district for $217 million. The social media company TikTok rents 143,000 square feet in the building. The…