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Is a Gold Standard the Answer to Our Monetary Crack-Up?
My brother Tom shared an article from the Cato Institute entitled: “Why Gold-Defined Money Is the Answer to Our Monetary Crack-Up”. I agree with the writer in theory but as Yogi Berra said: In theory,...
View ArticleFHA Streamlines Approvals on Multifamily loans less than $25M/250 units.
“It’s a huge help,” says Jonathan Camps, managing director of production for Washington, D.C.-based Love Funding. In the past, any loan of at least $15 million, or any deal of more than 150 units, had...
View ArticleThe #Multifamily Asset Twilight Zone: In default but payments still being...
A common theme adopted by the industry is that lenders continue to delay action on distressed assets for as long as possible. The fact is that this scenario is borrower-specific. If a borrower is...
View ArticleDistressed Commercial RE Continues to Ebb. What about Multifamily?
Distressed commercial real estate is slowly climbing down from the heights it reached in October 2010, of $191.5B. Forthcoming figures by Delta Associates and Real Capital Analytics will show that...
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Canadian Multifamily Bubble? Sadly the US can watch from hindsight.
Interesting peek at multifamily in Toronto and Vancouver, worth a read to see how many rationalizations you recognize (or have uttered yourself). Nice quote: “If builders stopped building today,...
View ArticleFHA Makes Strides on Speeding Up Its Multifamily Tax Credit Loan Process.
[The FHA] is ushering in the long-awaited Tax Credit Pilot Program, mandated by the 2008 Housing and Economic Recovery Act. The pilot program aims to drastically speed up the processing time of...
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Life Companies up their Apartment Building Investment lending, competing with...
Life companies are increasing their lending on apartment building investments says MFE Magazine. Life insurance companies upped the ante last year, processing apartment building investment loans hand...
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Phoenix, Seattle and Washington, DC apartment markets at risk of overbuilding...
Report on the state of apartment building investment markets from the good folks at Joseph Bernard Investment Real Estate in Portland: Continued positive multifamily demand fundamentals and ready...
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Local banks, S&Ls and Credit Unions lining up for small apartment building...
Local and regional banks are working hard to fund ‘small’ apartment building investments in their local markets. Small loans in the $1-3 million dollar range are the ‘sweet spot’ for these lenders...
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FHFA’s DeMarco re-affirms cutting Fannie and Freddie apartment building loan...
As reported by CoStar: “Given that the multifamily market’s reliance on the enterprises has moved to a more normal range, to move forward with the contract goal, we are setting a target of a 10%...
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Apartment Building Loan Rates Fall as Spreads Narrow
Back on June 24th I wrote a post Analysis on Tapering QE3 talking about how traders fears about the end of the Fed’s money printing spree made the interest rate on the 10 year Treasury jump. And as I...
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10yr fixed apartment loan rate remains below 5.1% as 10yr Treasury ranges in...
The rate on the 10yr fixed (30yr amortization) apartment building loan we track stayed in the 5.0-5.1% range for the second week while the spread to the 10yr Treasury remained in the 240 area, still...
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Good News on Latest 10yr Treasury, Apartment Building Loan Rates and Spread...
In more good news for apartment building investors, both the 10 year Treasury and apartment loan rates have moderated since the Fed’s “non-taper” announcement in mid-September. The spread between the...
View ArticleApartment Building Financing Outlook for 2014
Apartment building investment loans in 2014, thoughts and predictions on what’s in store from lenders large and small and the organizations who represent them: Greystone via MultiHousingNews: We do...
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Apartment Investment Loan Rates Drift Lower But Spread Widens
Over the last month the apartment loan rate we track eased slightly from 5.17% to just under 5 at 4.959% as the 10 year Treasury continued to fall causing the spread to rise above its 6 month average...
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Apartment Loan Rate Stays Below 5% For 10th Week
The apartment investment loan we tract (see below for details) clocked in at 4.861% this week making it the 10th week in a row below 5%. Meanwhile the spread between it and the benchmark 10 year...
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Apartment Building Investment Loan Rate Trends Lower as 10yr Treasury and...
The apartment building investment loan rate we track continued to trend downward as both the 10yr Treasury (T10) and the spread between the two came in during April. Today’s new rate on the loan is...
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Apartment Investment Loan Rates Remain in 4.6-4.7% Range As Spread To...
The apartment building loan rate we track came in today at 4.765% (see below for loan details), making it 22 straight weeks below the five percent mark. The spread to the 10 year Treasury (T10) also...
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10yr Apartment Investment Loan Rate Steady While ULI
The apartment building loan rate we track remains in the 4.6-4.7% range where it’s been since the middle of July. Meanwhile the ULI <60% LTV loan rate has fallen 10 basis points over the same period...
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Apartment Building Loan Rates: Is 4.5% The Lower Limit?
The apartment building investment loan rate we track was down to the high 4.5s the last couple weeks of August and clocked in today at 4.603%. The spread between it and the 10 year Treasury has been...
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