
Adjustable Mortgages Gain Ground Again
Adjustable-rate mortgages made up about 10% of all mortgage applications in September, the highest share in nearly two years and well above the post-2008 average of 6%.

BH under contract to purchase shuttered Wellington golf course for $20M-plus
BH Group is buying a shuttered golf course in Wellington that was a source of controversy under a previous owner, developer Glenn Straub. Aventura-based BH, led by Isaac and Liat Toledano, is under contract to acquire Wellington’s 150-acre former Polo West Golf Course for more than $20 million, a s

Abacus Capital scores $78M construction loan for Palm Beach Gardens project
Abacus Capital broke ground on its Palm Beach Gardens apartment project after nabbing a $77.5 million construction loan. Affiliates of Beverly Hills, California-based Kennedy Wilson and Toronto-based Fairfax Financial provided the financing for Arbor House, a planned 13-story building with 302 units
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