News

Landmark Links November 16th – RIP Golden Goose

  Must Read: The City of San Francisco is highly reliant upon development fees on new market rate residential developments to fund it’s affordable housing initiatives.  However, it is quickly running out of money for the initiative and finding out the hard way that continuously raising the inclusionary requirements for the percentage of affordable units in […]

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Landmark Links November 13th – Bait and Switch

  Must Read: Its becoming increasingly apparent that Amazon’s HQ2 search was a ruse with a predetermined outcome.  Here’s how it all went down: Announce a nationwide (and parts of Canada) search for a 2nd headquarters Cities drop pants and offer billions in taxpayer subsidies and tax exemptions Collect tons of data to form the biggest […]

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Landmark Links November 9th – Getting High On Supply

  Lead Story: A combination of rising interest rates, burnout from buyers and flat-lining rents have helped tamp down home buyer demand over the last six months in Seattle where home prices have fallen, thanks to a doubling in inventory over the past year.  See Also: Las Vegas home inventory was up over 50% year over […]

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The Wave Hotel

Landmark Capital is pleased to announce the successful closing of a $5,500,000 bridge loan in Dana Point, CA. The loan proceeds were used to refinance a maturing land loan and bridge the gap to construction on a site that is entitled for a 57-room hotel with a 50-bed hostel and a 4,500 square foot restaurant.  […]

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Landmark Links November 6th – Flawless Logic

  Lead Story: It’s been a while since we checked in on the mortgage originators to see what they are up to since rising rates have chocked off their refinancing pipeline. At the same time that slowing home sales are starting to hit purchase mortgage originations which are showing signs of topping out.  For quite a […]

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Landmark Links November 2nd – Too Many Cooks?

  Must Read: Rare antiques have gotten incredibly cheap, mostly because people spend almost all of their time in their kitchens and have little use for upscale living and dining room furniture.  Another sign of how home design continues to evolve. Economy Low Leverage: The level of US household debt to GDP is still at an […]

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