California cities get firm notice: follow new housing laws, or else

Arvind Raghunathan is the co-founder of Roc360, a real estate investment and financing platform that specializes in business purpose loans to those who invest capital into the residential real estate industry. This means Raghunathan finances contractors, builders, home flippers, and landlords who accumulate or do work on single-family homes.  The firm has directly funded roughly…

A daughter can inherit her deceased father’s share in joint family property even if her mother remarried, the Madras High Court has held. The court clarified that a disqualification applicable to a remarried widow cannot automatically be extended to the deceased man’s other Class I legal heirs. The ruling came in a dispute over the…

A group of landlords is suing over New York’s rent freeze.  After New York’s Rent Guidelines Board voted last month to freeze rents in stabilized apartments, six landlords are petitioning the New York Supreme Court to annul the freeze and send the issue back to the board for a rent increase.  The suit argues that…

Jessica Eddy, a mortgage broker at Edge Home Finance in Cincinnati, described the dynamic in a recent conversation with Mortgage Professional America.  “A lot of people are sitting on so much equity, but they’re drowning in credit card debt paying around 22% interest every month,” Eddy said. “So we’re coming in with a more financial-advising…

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Roger Equities has acquired a movie theater site at 1001 Third Avenue for $41 million with plans to redevelop it into rental housing, seven months after Reading International listed the property with a $50 million target, Commercial Observer has learned. S3 Capital provided a $37 million acquisition and predevelopment loan for the Upper East Side…