As the 10-year Treasury has risen over the month of March, deals that once looked like home runs now face questions.
Home Financing Stays Tough
Renters and investors alike will find much to appreciate in the Garden State, which is enjoying accelerating job growth and other advantages as it emerges from the recession.
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As fundamentals and transactions continue to rise in the apartment industry, the additions to apartment distress slipped $3 billion in the first quarter, which was the lowest level of additions since the third quarter of 2008, according to New York-based research firm Real Capital Analytics (RCA).
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While it seems that most people in the multifamily market have been giddy with excitement, Mike Kelly sees another side. The president and co-founder of Denver-based Caldera Asset Management says his phone has been ringing with calls from underwater owners looking to refinance. “With the 10-year...
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Another apartment owner has transferred a sizeable portfolio of assets to special servicing. Last week, the New York-based apartment owner (cited as ADEM Properties by Fitch Ratings) saw 12 of its L.A. area properties transferred to special servicer, Miami Beach, Fla.-based LNR Partners, for...
One-size-fits-all approach to credit availability will stifle the housing recovery.
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The banking sector is growing more competitive in the small loan market, as balance-sheet lenders like Chase and Sovereign start to give Fannie Mae lenders a run for thier money.
With lenders more willing to negotiate than ever before, here's a look at six things you need to know before you negotiate your loans.
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The bridge loan market is starting to heat up as lenders grow more comfortable with financing transitional assets.
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Part of the reason for the uptick in sales out of receivership have been recent court decisions (including the Bethany Group sale) regarding the legality of receiver sales, which some states specifically allow, other states specifically do not, and still other states remain silent on.
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Life insurance companies have stepped back into the multifamily arena, closing the pricing gap with the government-sponsored enterprises.
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The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.
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Several conduit lenders, including JPMorgan Chase, Deutsche Bank, and Goldman Sachs are cautiously re-opening their CMBS platforms, even as the market struggles with record-breaking delinquency rates.
StuyTown loan enters special servicing, CityCenter debuts, executive role changes, and more industry news.
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Fannie Mae's small loan program is more attractive than what regional and community banks offer, but finding a DUS lender willing to go below $1 million may be tricky.
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Multifamily lenders are recouping about 64 cents on the dollar of the outstanding balance of defaulted loans.
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Two recent efforts by the federal government will further help lenders and owners ride through the storm by providing cover to keep amending and extending loans.
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One of the biggest challenges facing owners today is managing thier loan maturities. What can you do to position yourself for relief? Here are seven steps suggested by servicers, asset managers, and workout specialists.