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More stories about Debt

  • Stalled Deals May Move Again Thanks to Fed RateCut

    th signs of instability in the economy and capital markets continuing into September, some borrowers ended the summer “sitting on the sidelines, kind of in a stupor, trying to figure out what’s going on,” as one lender put it.

  • Fannie, Freddie Gain as Conduits Struggle

    Multifamily borrowers are turning to Fannie Mae, Freddie Mac, and portfolio lenders after the subprime lending crisis cut deeply into commercial mortgage conduit originations through Wall Street.

  • More Pension Funds Target Value-AddedLending

    Institutional real estate adviser Heitman, LLC, has begun building a structured-finance team aiming to combine senior and secondary floating-rate debt packages to finance value-added apartment turnaround ventures over two- to three-year terms.

  • Freddie Shuffles the Deck

    Freddie Mac has kicked off 2007 with a reorganization of its multifamily division, hoping to make both its conventional and affordable housing divisions more competitive and customer-focused.

  • Doing Defeasance Right

    As property-value appreciation has pushed real estate investors to pull out built-up equity, multifamily investors are gaining experience defeasing securitized mortgages.

  • Protect Your Assets

    Whenever I speak somewhere, I preach about the importance of separating your personal assets from your company's assets. The best way to do this is by incorporating your business as a corporation or an LLC.

  • Personal Guaranty of Business Debt

    Most credit applications contain a personal guaranty. In this one, it's clearly spelled out in item No. 4, but in some cases it's buried in a longer document and written in language that makes it hard for the applicant to understand just what he's agreeing to.

  • Low debt, low operating costs help homeless project

    St. Cloud, Minn.—By combining soft debt with innovative construction to keep down costs, the Al Loehr Veterans and Community Studio Apartments is able to serve its mission of housing veterans and others at risk of homelessness.

  • Equity flood, Fed fight for influence

    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

    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.