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Evergreen Private Finance Blog

Are 1/3rd of D.C. Homebuyers Buying Properties They’ve Never Seen?

March 16, 2018

A new set of surprising data has emerged from our housing marking. In February, Real Estate firm Redfin released a report stating that, in 2017, 32% of homebuyers in Washington D.C. made an offer on the property they purchased before they actually saw the property in person. Clearly, this is a sensational data point that […]

Two Recent Changes in D.C.’s Housing Market

March 8, 2018

D.C.’s housing market has experienced two new, potentially significant, changes over recent weeks: D.C. has hired Ana Lopez Van Balen as our city’s first Affordable Housing Preservation Officer. This move comes directly from of a set of recommendations put forth in 2016 by the Mayor’s Housing Preservation Strike Force. Lopez Van Balen has been initially […]

New Data Confirm: D.C. Remains Top Real Estate Market for Investors

February 27, 2018

A few recently released data sets confirm that D.C.’s real estate market remains one of the nation’s greatest areas of opportunity for investors: Earlier this month, Forbes named the Washington Metro Area the 17th best market for real estate investment in the nation. To determine these rankings, Forbes looked at each region’s current average home […]

Why DC is the Likely Home for Amazon’s HQ2 (and What that Means for Our Real Estate Market)

February 12, 2018

In case you missed it, last year Amazon announced they were building a second North American headquarters—called Amazon HQ2 as shorthand—that will produce a big economic impact wherever it is developed. Amazon estimates the development of their first headquarters in Seattle has produced, between 2010-2016 alone, an additional $38 billion to the city’s economy, and […]

How Developers Can Tackle Affordable Housing, with Jeff Gelman

December 5, 2017

Jeffrey H. Gelman, Partner at Saul Ewing, Arnstein & Lehr brings three decades of experience in the real estate industry to his work crafting and structuring deals for developers, investors, lenders, and asset and property managers. His work for his clients often includes legal advice and practical considerations on the nuances of the law and […]

4 Common Questions About Private Lenders

November 17, 2017

Private lenders offer an increasingly popular source of financing for members of our development community. However, there is still a lot of confusion surrounding lenders like Evergreen Private Finance. To help demystify private lenders, we’ve put together concrete answers to four of the most common questions we hear: What is a private lender? Who borrows […]

3 Insights About Successful Home Flipping in D.C.

October 26, 2017

Earlier this year, some big news broke about D.C.’s home flipping market. Real estate firm ATTOM Data Solutions found that D.C. had the fastest-growing home-flipping market in the nation. Year-over-year, the volume of home flips in D.C. grew 32%. This occurred over a 12-month period when the volume of home flips across the nation shrunk […]

Washington, D.C. Metro Area Market Summary: Q3 2017

October 17, 2017

In our quarterly market summaries, we review the most recent available data on the D.C. Metro area’s real estate market performance. We focus on the following metrics: Sales Prices Inventory Property Type Performance Unless otherwise cited, we refer to data compiled by Real Estate Business Intelligence. We will present a summary of the key facts […]

Why Gap Financing Sometimes Fails (And Why We Don’t)

September 19, 2017

How do these gap financing benefits sound? Safe returns Stable returns Returns that beat the market If you’re a skeptical investor, they sound too good to be true. And that’s the right attitude to take. There are a lot of lenders out there. Many of them are actively seeking investors. A lot of them like […]

Can We Deliver Truly “Affordable” Housing in D.C.?

September 13, 2017

D.C.’s broad-based wealth can be a mixed blessing. On the one hand: the more people who benefit from our city’s wealth, the better. No question. On the other hand: our higher median household income creates unintended problems for our city’s lowest-earning residents. Most notably: our definitions of who needs help with “affordable housing” skew high. […]

Is D.C. Wealthier than San Francisco and New York?

September 6, 2017

When you think of wealthy cities—ripe for investment—which come to mind? For most, it will be cities like San Francisco and New York. Big, flashy cities that get a lot of press for their sky-high housing sale prices and huge concentration of wealth. But recent data tells a different story. This data strengthens one of […]

D.C. Development Still Doesn’t Meet Population Growth

August 8, 2017

Washington D.C. continues to grow rapidly. Over the last year, D.C. added 10,793 new residents—enough to rank D.C. among the top 15 fastest-growing cities in the United States. We’re gaining jobs at effectively the same rate. What’s more, our rate of resident employment is skyrocketing. Resident employment in D.C. is increasing four times faster than […]