Review Mortgage Lenders

Avenue Mortgage

Avenue Mortgage Corporation

David Pendley, President of Avenue Mortgage describes his passion for lending for over 25 years.

Atlanta company buys hotel in downtown Little Rock for $20.4M

SREIT RI Little Rock Propco LLC, an Atlanta company, purchased the Residence Inn by Marriott in downtown Little Rock for $20.4 million last month.

The six-story hotel, with 107 rooms, is at 219 River Market Ave. It was built in 2013.

SREIT RI Little Rock assumed a loan in the original amount of $14.4 million from Wilmington Trust, National Association, as trustee for the registered holders of Wells Fargo Commercial Mortgage Trust.

Adam Singer, authorized signatory of the lender, signed the mortgage. Nate Bagnasch, authorized signatory for the new borrower SREIT RI Little Rock, also signed the mortgage.

The seller was NF II/CI Little Rock LLC, a Greenwich, Conn., firm. Mark Rafuse, vice president of NF II/CI Little Rock LLC, signed the deed.

The Residence Inn by Marriott appraised at $11.9 million last year. The hotel last sold for $17.5 million in 2014.

Nick Antonopoulos of Miami incorporated SREIT RI Little Rock Propco in August.

Granite Point Mortgage Trust Inc. Announces Pricing of $825 Million Commercial Real Estate CLO

The Company’s first CRE CLO, issued in May 2018, financed approximately $826 million of its loan investments. Upon the closing of GPMT 2019-FL2, the two CRE CLOs, combined, will provide the Company with matched-term financing on approximately half of its loan investment portfolio.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, these or any other securities, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc., a Maryland corporation, is a real estate investment trust focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY, and is externally managed by Pine River Capital Management L.P.

Mortgage Assistance? With the multitude avenues reported in the news about mortgage relief, where is the best?

source of information. I am not in default of my mortgage. My payments have never been late. We have been in this house for 5 years. We have an interest rate of 5%.

Absolutely NOTHING. Your loss of value is intangible and Zillow posts a warning that their estimates are not guaranteed. Enjoy your home and stop worrying.