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Open original source ↗Won’t be the last of these we see. It reminds us of the perils of Too Low for Too Long monetary policy.
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The FBI has opened a probe into Texas-based multifamily syndicator Lurin Capital following a series of lawsuits alleging fraud. Launched in 2016, Lurin had amassed a portfolio of 10,000 Class-C apartments across five Sun Belt states. The company planned to upgrade the properties, raise rents and flip them for a profit. In 2025, ACORE Capital Mortgage moved to foreclose on 12 Florida Panhandle properties owned by Lurin that backed a nearly $400M loan. More than 2,000 units hit the auction block, TRD reported. ACORE also won a summary judgment against Venetos after he personally guaranteed almost $20M in mezzanine loans, TRD reported this month. #CommercialRealEstate https://t.co/YeRFgAA12v
FCNightingale ↗