Techo Real Estate Capital’s Post

An insight into single-family BTR within Greater Manchester 🏘️ Have you read our recent market snapshot report? Conducted by Ascend, in collaboration with The Association for Rental Living (ARL - formerly the UKAA), our first edition highlights unrivalled research & insights into SFR within Greater Manchester, arguably the most mature location for this asset class. The research draws on data across all of the stabilised SFR schemes within Greater Manchester under Ascend’s management, alongside data through our partnership with Experian on its Mosaic platform. As the UK’s largest third-party operator of SFR – with over 7,000 units under management, equivalent to two-thirds of this entire sub-sector – we have the largest set of live operational data for this asset class. Download the full report here 👉 https://lnkd.in/emSha2t9 . . . #BuildToRent #BTR #SingleFamilyHomes #SFH #SFBTR #SFR #PropertyManagement #Lettings #Newhomes #PropertyInvestment #Research #Reports

“Federal #Housing Finance Agency Deputy Director Naa Awaa Tagoe #announced a number of #changes Monday at the #Mortgage Bankers Association’s annual #convention in #Denver. #Freddie Mac’s #pilot program that allowed #certain lenders to #avoid a #repurchase request for #defective loans that are still #performing will be #expanded to #all lenders that #deliver loans to the #government-sponsored enterprise. #Freddie says its #pilot has #reduced repurchase #costs for #performing loans with #defects. It has also #fostered greater lender #engagement in #quality control. For #Fannie Mae and #Freddie, Tagoe said #FHFA will #expand eligibility for #appraisal waivers for #purchase loans. The #maximum allowable loan-#to-value #ratio will #rise from 80% #to 90% for #full appraisal #waivers and #from 80% #to 97% for #inspection-based #appraisal waivers.”

We have continued to grow in Q1 courtesy strong disbursements across all regions. This sets the tone for the remaining three quarters of the FY’2024-25. We are now in touching distance to cross the first milestone of Rs.500 crs AUM. All through this, quality first mindset has enabled us to achieve robust PAR (0+ dpd) numbers at 3.38%, of which GNPA is at 1.57% and NNPA is at 1.12% as of June 30, 2024. Collection efficiency has been at 99.5% incrementally on a monthly basis and we continue to be credit and collection focused company. From here on, several milestones await Star HFL over the next 4-6 quarters: ·      Traction in business aided by network expansion, strengthening capital base and liability scale up should enable Star crossing AUM of Rs.1000 crs ·      Possible rating upgrade should await Star HFL as the Company scales up keeping quality intact ·      The company should look ahead to Transition to the National Stock Exchange post qualifying enlisted criteria and subject to all approvals in place I feel that this is the beginning and much more can be achieved if Star HFL as a team continues focus on basics and do the right thing We look forward to expanding in our operational and new geographies, on board quality manpower, strengthening our processes and leverage digitization to optimize the overall performance. Q1 performance gives us the confidence to continue the growth momentum and focus on creating good quality loan book Macros for affordable housing finance companies like Star HFL too have gotten bolstered through the recent budgetary announcement that provides the right framework to assist in creation of more than 30 million homes. Outlay of 10 lakh crores, Re launch of PMAY and re starting the credit linked subsidy scheme should add to the tailwinds in the space and Star HFL is well poised to benefit as the Company marches ahead from here on. #StarHFL #housingfinance #quarterlyresults #Q1FY2025

Excited to meet up at the NPLA in AC next week - let's talk about how MWC can assist with your legal needs in default servicing #NPLAConference #PrivateLendingEvent

The New England Commercial Property Exchange (NECPE) showed the following market for March ⛈ 2024 (see below). As compared to February 2024, inventory change by -6.8%, 0.8%, and 0.5% respectively 📊. #kwcommercial #commercialrealestate #commercialrealestateinvesting #investinginrealestate #realestateinvesting #kwclcg #CRE #newenglandrealestate

Ready to elevate your real estate strategy? Our DSCR Program offers financing designed for investors targeting 5+ unit and commercial properties. Focused on property cash flow, this solution streamlines funding access and empowers you to grow without the limits of conventional financing requirements. Let’s build your real estate empire together! #RealEstateFinance #DSCRProgram #BuildYourWealth

Integrity isn't just a value at pfbb UK – it's our compass guiding every interaction. From transparent communication to genuine dealings, trust forms the bedrock of our business ethos. Experience the difference with pfbb UK. https://lnkd.in/ejreMb23

Good morning. Here’s your daily round-up of the latest news and views from EG, all perfectly curated to set you up for the week ahead. Specialist lender Paragon is suing Knight Frank over what it claims is a faulty valuation report it produced for a proposed student accommodation development in Aberdeen. Knight Frank, which denies the allegations, provided the report in 2016 for a lender called Titlestone Structured Finance. Titlestone was acquired by Paragon in 2019. Court papers show that Knight Frank valued the student development – a 173-bed scheme now known as Fraser Studios at just over £16.8m. With the loan against the development now in default, a Paragon unsuccessful in selling the property, the lender is now claiming that there were various faults and omissions in the valuation report. It is seeking as much as £11m in damages. Knight Frank denies the claim, countering that Titlestone was “guilty of impudent lending”. While Knight Frank and Paragon battle it out in the High Court, a gaggle of retail property professionals are leaving the blustery conditions of the UK behind for a more sunny outlook in Cannes for the MAPIC conference. EG’s retail reporter Shifali Gorka caught up with a handful of them on the way over to the south of France to take the temperature of the retail sector and to find out what the big topics of conversation might be out in Cannes this week. Definite green shoots, a rebounding retailer confidence in physical spaces and the increasing importance of experience were all key topics for conversation. “There are definite green shoots across the wider marketplace and more people can now see the general shape of what the future looks like compared with the pre- and post-Covid periods,” said Tim Wilks, director at bowling chain Lane7. “We are continuing to see confidence among retailers in their bricks-and-mortar spaces,” added Beth McDonald, managing director of Derby’s Derbion Centre. Talking of green shoots, GPE is setting itself some strict targets to help it do its bit to be greener and help save the planet. The firm has introduced a Circularity Score across its portfolio that will measure the percentage of re-used materials in them. It has set an initial target of 40% for new developments and refurbishments started after 1 April next year, 50% for scheme started after 1 April 2030 and 60% for all new schemes by 2040. Chief executive Toby Courtauld said: “Our new Circularity Score will challenge us to innovate further and faster than ever before as well as stimulating the growth of a deeper and better functioning market for reused materials.” And don’t forget, if you need to stay one step ahead of the competition this week, EG has you covered with a look ahead to what to expect in UK real estate with the EG news agenda. All that and plenty more in your EG MORNING NEWS ⬇️ ⬇️ ⬇️ https://lnkd.in/eB5BcMBE  

Ready to elevate your real estate strategy? Our DSCR Program offers financing designed for investors targeting 5+ unit and commercial properties. Focused on property cash flow, this solution streamlines funding access and empowers you to grow without the limits of conventional financing requirements. Let’s build your real estate empire together! #RealEstateFinance #DSCRProgram #BuildYourWealth

Ready to elevate your real estate strategy? Our DSCR Program offers financing designed for investors targeting 5+ unit and commercial properties. Focused on property cash flow, this solution streamlines funding access and empowers you to grow without the limits of conventional financing requirements. Let’s build your real estate empire together! #RealEstateFinance #DSCRProgram #BuildYourWealth