Centerline Sells Debt Fund Business, Keeps LIHTCOperations
Centerline Capital Group has sold its real estate debt fund management and commercial mortgage loan special servicing business.
Choosing the Best Debt Financing Strategy in an Unpredictable Market
While the ultra-low interest rate environment is prompting many owners to deleverage, the market’s volatility is forcing much more conservative underwriting, said panelists at “Choosing the Best Debt Financing Strategy in an Unpredictable Mark
Uncertainty of Execution
Fannie Mae and Freddie Mac lenders usually end the year with a flourish, processing deals hand over fist. But as 2008 came to a close, fewer affordable housing loans were closing.
Open for Business
Freddie Mac was still providing competitively priced permanent debt for 9 percent low-income housing tax credit deals and actively quoting variable-rate bond credit enhancements in mid-December 2008.
RCG Longview Closes $600 Million Debt Fund
New York-based RCG Longview recently closed a $602.5 million debt fund, with about half of it likely targeted at multifamily borrowers.
HUD Prepares a Plan to Struggling HFAs
A federal plan aimed at helping boost housing finance agencies (HFAs) is in the final stages of being prepared, according to an official at the Department of Housing and Urban Development (HUD).
Affordable Housing Debt Grows Less Affordable
Freddie Mac is raising its price of debt for tax credit deals, both in permanent loans for 9 percent developments and credit enhancements of tax-exempt bonds.
Deeper In Debt - In a Good Way
LAFAYETTE, COLO. Nothing says “green building” like $1 million in solar panels. It’s impossible to miss the panels at Eagle Place Townhomes.
Working It Out
The Federal Housing Administration (FHA) offers several options to borrowers in default or struggling to make debt-service payments on their FHA-insured loans.
Fannie Mae and Freddie Mac lenders are used to rushing to close deals at the end of the year, but December 2007 was crazier than usual.