Richman nabs $225M refi for three Florida properties amid constrained multifamily lending
The Richman Group of Companies scored $225 million in refinancing for a portfolio of three South Florida multifamily properties. The $18.5 billion asset management firm headed by Richard Richman secured financing from New York Investment Management and Reinsurance Group of America for 942 units acr
South Florida’s top deals: Russian mogul offloads $72M Miami Beach lot
🏆 Residential: The priciest recorded home sale was in Miami Beach, where Ilyha Karpov, a Russian businessman, parted with the vacant lot at 2740 North Bay Road for $72 million. The buyer was a trust. Karpov purchased the 0.6-acre site in 2022 for $20.8 million from Delphine Dray, who owns the Natio
Mortgage rates ease again, but remain higher than this time last year
Mortgage rates eased for the second straight week, with the average 30-year fixed rate slipping to 6.65%, though borrowing costs remain above year-ago levels.
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