Columbia firm makes first permanent loanEnterprise...

Real Estate Watch

March 17, 1996

Columbia firm makes first permanent loan

Enterprise Mortgage Investments Inc., based in Columbia, has made its first permanent loan transaction, a $1 million first-mortgage loan to Orlando Neighborhood Improvement Corp.

The 30-year loan will help finance a 40-unit, low-income apartment project in Orlando, Fla.

Long & Foster have record-setting month

Long & Foster Real Estate said it had a record-setting February, with $721 million in sales, an increase of 31 percent over February 1995. The company's Baltimore region saw a 22 percent increase, with $133.9 million in sales in the same period.

Company President Wes Foster said the increase can be attributed to more move-up buyers, an increase in consumer confidence, and lower interest rates.

O'Conor, Piper & Flynn lead region in sales

O'Conor, Piper & Flynn said it continues to be the largest real estate firm in the Baltimore region, in terms of sales.

By dollar volume in 1995, OPF agents wrote contracts for 21.7 percent of the homes sold in the metropolitan area, compared with more than 18 percent for Long & Foster, more than 8 percent for Coldwell Banker Grempler Realty, nearly 6 percent for Prudential, nearly 4 percent for RE/MAX and nearly 4 percent for Champion. The area includes the counties of Anne Arundel, Baltimore, Carroll, Harford and Howard, and Baltimore City. OPF said the rankings came from multiple list service data.

Pub Date: 3/17/96

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