The group reportedly purchased more than 700 homes largely in majority-Black neighborhoods at inflated prices financed by debt service coverage ratio (DSCR) loans. Investors are accused of taking out $100 million in DSCR loans from dozens of private lenders using projected rental income as collateral. According to the report, many transactions were recorded for prices far above each property's previous sale value or public appraisal estimate.
At 5 am Tuesday morning, a two-alarm fire at Eighth and Natoma streets left ten residents displaced but did not result in any injuries. The fire was first reported at 5 am as a one-alarm fire in the rear of a building. Upon firefighters’ arrival, it escalated to a two-alarm fire which necessitated deploying additional crews to fight the flames. The fire was successfully contained by approximately 5:20 am. As of Tuesday afternoon, the exact cause of the fire is still under investigation.
Veronica and her husband received troubling messages from their new landlord, raising concerns about potential harassment as they navigated issues like eviction attempts and utilities.
