Stuyvesant Town/Peter Cooper Village on Verge of Default
One of the biggest loans in multifamily history is on the verge of default.
Grandbridge Amplifies Multifamily Debt Platform
Grandbridge Real Estate Capital continues to expand its multifamily operations, both in terms of people and products.
Life Insurance Firms Open Debt Shops Again
For most of 2009, life insurance companies have been a shrinking presence in the multifamily debt industry
Buyers, Sellers Look To Deal On Distressed MF Assets
A burgeoning roster of opportunity funds and related investment vehicles are poised to pounce on distressed assets, including debt secured by struggling apartment properties and failing condo development and conversion ventures.
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.
The bulk of refinancing activity this year has been done through Fannie Mae and Freddie Mac, as the government- sponsored enterprises (GSEs) offered the best rates in town.
Portfolio Lenders Fill Up
Multifamily borrowers are again turning to institutional lenders, as Fannie Mae and Freddie Mac raise their prices and many banks scale back their balance-sheet lending efforts.
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.
Credit Crunch Cuts Defeasance Activity
When HVM Management Co. looked to sell a portfolio of seven communities in the Carolinas late last year, principal Hal McCoy realized most buyers would likely want to replace the lowleverage conduit loans on five of the properties, in order to minimize their equity contribution.