Fintech
VF Developments Completes Renovations and Refinances a Multifamily Community in the Chinatown area of Los Angeles, California
Los Angeles, California–(Newsfile Corp. – May 2, 2023) – VF Developments, LLC, a minority and female owned and run company, has reintroduced “900 West College” a 1969 built modern style 10-unit multifamily community to the highly desirable Chinatown area in downtown Los Angeles, California, after completing major renovations. VF Developments, LLC also recently refinanced with a top 20 national bank the acquisition bridge loan used to acquire and renovate the community.
VF Developments, LLC, in joint venture with private investors in March 2020, acquired the Los Angeles multifamily property located at 900 West College Street, Los Angeles, California with the plan of repositioning and adding capital improvements. VF Developments, LLC’s improvements included enhancements to the exterior redesign to enhance the simple clean lines of modern architecture. These improvements include new exterior paint, landscaping with bright white rocks and succulents, and completely restored and upgraded interior finishes. This downtown Los Angeles community has ten spacious one, two-bedroom, and three-bedroom units. This modern two-story garden walkup is located in the Figueroa Terrace hillside and minutes to Chinatown and downtown Los Angeles.
The community is located the heart of Los Angeles, California and enjoys a short commute to the LA Fashion District, Staples Center, Disney Concert Hall, Chinatown and all the amazing dining and glamorous shopping that living in Los Angeles has to offer. Chinatown is one of L.A.’s most popular tourist destinations. Chinatown is experiencing a modern-day renaissance. From the hottest new restaurants to art galleries and Bruce Lee’s former studio, Chinatown is a festive destination for dining and shopping. Pagoda-style buildings with red lanterns house traditional Chinese restaurants, dim sum houses and bakeries, plus specialty grocery stores and gift shops. There’s also the Taoist Thien Hau Temple, small art galleries and dark bars. Foodies head to creative Asian-fusion eateries and the landmark Philippe the Original, lauded for its French dip sandwich.
Victoria Vu, a renowned designer and Managing Partner of VF Developments, LLC, and formerly a leading Halloween costume designer, carefully designed and restored the rental homes. The apartment homes are separately-metered, fully parked with ten onsite parking spaces and have central air conditioning. Creatively designed by the renowned LA designer, these high-quality rental homes feature keyless entry door locks to spacious one and two-bedroom floor plans with newly upgraded kitchen and bathrooms. The kitchen boasts sparkling white stone quartz countertops with brand new self-closing enhanced cabinetry and high-end stainless-steel Whirlpool refrigerators with matching gas cooktop with oven and microwave. Each rental home has porcelain tiled bath tubs and glass shower doors with oversize vanity mirror and also includes central A/C cooling and heating with recessed lights with luxury style remote control blinds and distressed wood plank floors. The washer and dryer facility is on-site.
After three long years, Los Angeles County’s COVID emergency ended on March 31. L.A. County’s COVID-19 emergency tenant regulations have given tenants protections in eviction court if they can’t pay rent on time due to economic harms brought on by the pandemic. But those tenants will have to pay their April rent on time – or face eviction. For rent owed from March 1, 2020 to September 30, 2021, tenants must pay by August 1, 2023 and for rent owed from October 1, 2021 to January 31, 2023, tenants must pay by February 1, 2024.
Victoria Vu commented, “We are excited to complete the renovations on another Chinatown community and provide much needed affordable housing to the city of Los Angeles. We recently completed the reposition on two other Chinatown area communities, 920 Everett Street and 701 N Hill Place, and look to expand our presence in the area. As a first generation American we strive to enhance the communities around us and create modern living spaces for our residents. After March 31 we look to get ‘back to normal’ in LA where residents must begin paying rent again to not continue the significant harm to owners who must make their mortgage payments – with little to no relief from their lenders.”
Kim Vu, head of maintenance and renovations for VF Developments added, “America is truly the land of opportunity. As a refugee who fled Viet Nam during the war on a handmade raft with my family, it’s unbelievable that I now managed a major apartment renovation in the Chinatown area of Los Angeles. The team that completed the renovations on the exterior of the building and interiors of the units were entirely locally based minority vendors, employees, and contractors. We are proud to create jobs in the Chinatown area for minorities, significantly improve the community, and provide more affordable housing.”
About VF Developments: VF Developments, minority and female owned and run company, has acquired over $69 million in multifamily properties since 2015 totaling 39 properties and 242 units. VF Developments strives to provide neighborhoods in gentrifying areas of Los Angeles and Orange County Class A building design finishes at accessible and affordable market rents to future tenants. VF prides itself with the opportunity to create modern living to add value to its communities. With properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area and Orange County region. VF manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovations, and using unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities. VF seeks value add investment opportunities and creates significant value for clients and investors. VF Developments is an entrepreneurial company specializing in acquiring, renovating, and managing multifamily properties in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF also completes significant renovations that modernize and transform dated properties into cutting edge, high quality, best in class living environments – ultimately creating substantial value enhancement for its investors.
Media Contact:
Company: VF Developments, LLC
Contact: Victoria Vu
Email: [email protected]
Phone: 310.901.1189
City: Costa Mesa
State: CA
Country: USA
Website: https://www.instagram.com/vfdevelopments/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164273
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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