Good morning, investors. In today’s real estate news—a simple overview of the retail market’s woes, a scammer couple reveal the flaws with the EB-5 program, and banks aren’t lending to apartment projects like they used to.
An easy-to-read explanation of the current problems facing the retail industry. The problems goes beyond Amazon’s relentless assault on brick-and-mortar.
Victoria and Tat Chan scammed millions of dollars from foreign Chinese investors over the course of several years, transferring money from a fake development to a series of luxury homes for themselves. The situation isn’t as uncommon as it should be, and points to issues with the EB-5 program.
Banks are offering smaller loans than they once did to finance the development of multifamily properties. Banks face increased regulations that limit their risk-taking abilities. Financing can be found through other avenues though.
Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.
She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.