Navitas to acquire Claros for up to $232.8 million

“For homeowners who have room in their budget and want to reduce debt, small additional principal payments can have a surprisingly meaningful impact over time,” said Bill Banfield, Chief Business Officer at Rocket Mortgage. “One simple approach is making the equivalent of one extra payment each year. On a 30-year mortgage, that can eliminate years…

Luzern Associates has landed $34.5 million of acquisition financing to purchase a three-building industrial campus in Boston’s North Shore area, Commercial Observer has learned. Northwest Bank supplied the loan for Luzern’s $47.75 million acquisition of the 200,000-square-foot portfolio at Cherry Hill Business Park in Beverly, Mass., from Massachusetts developer R J Kelly. The portfolio of…

The court did not resolve any of that, and it did not have to. It pointed to the association’s threshold defense that the homeowner had sued the wrong party. In court papers, the association said it filed “an Application for Expedited Foreclosure Pursuant to Rule 736 due to the Plaintiff’s failure to pay [his] assessments,”…

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In a speech delivered at the Jackson Hole Economic Symposium, hosted by the Federal Reserve Bank of Kansas City, de Cos said that while both technologies use tokenization, they have important differences in terms of the monetary system. In terms of singleness, or the ability of monetary units to be redeemed at par into central…