Onity to sell $5B reverse mortgage business to Finance of America
Onity Group will cash out of its reverse mortgage business in a deal with one of the largest providers of the product in the U.S. The West Palm Beach-based mortgage servicer received the green light from regulators to sell a portfolio of reverse mortgage servicing rights tied to $5.1 billion in loan
Developers pay off $115M in Miami construction loans as condos near sellout
South Florida developers knocked out a combined $115 million in construction loans for Miami condo towers that are nearly sold out, as the demand for hospitality-branded residences heats up in the region. North Development paid off a $70 million loan to Forman Capital and Core Capital for Domus Bri
South Florida’s top deals: Fort Partners sells another Surf Club pad for $27M
🏆 Residential: The priciest home sale recorded in South Florida was at Fort Partners’ Seaway at the Surf Club at 9149 Collins Avenue in Surfside. A company tied to the island of Jersey in the Channel Islands purchased a 4,500-square-foot condo at the luxury development for $27.1 million. The deal b
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