More stories about Debt

• Equity flood, Fed fight for influenceWhether or not the benchmark 10-year Treasury yield continuesupward, rate spreads on multifamily loans seem unlikely towiden.

  With permanent mortgage rates already up some 75 basis points year-to-date as of May, property-finance professionals were anticipating a pause in the Federal Reserve’s lengthy rate-raising efforts.

• More borrowers opt for defeasance Appreciated values, sale and refinanceopportunities outweigh considerable defeasance costs in many cases.

  As interest rates and operating expenses rise, more apartment owners are using defeasance of their securitized mortgages to tap trapped equity and refinance before rates get too high.

• Nonprofit pioneers SRO housing in Houston

  Houston -- Unlike other big cities, Houston has never had much of a history when it comes to single-room occupancy (SRO) developments.

• Freddie following Fannie’s mezz program with its own versionHigh-Leverage Loan program helps borrowershandle high cap rates, add value.

  With so many multifamily investors seeking maximum financial leverage in acquiring properties, it’s no surprise the two big government-sponsored enterprises continue refining customized mezzanine-type loan programs to supplement senior mortgages.

• Legal: When a Customer or Supplier Goes Bankrupt

  When a customer or supplier goes bankrupt

• Cap rates likely on the rise in 2006 Yields seem destined to rise with debt costs, but stronger rents and heavy investor competition should minimize value erosion.

  Many multifamily finance professionals seem to view 2006’s expected rising-interest-rate environment as something of a good news/bad newsscenario.

• Legal Adviser: Lien Basics

  Recording a lien, step by step