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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.
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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.
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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.
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How To Do a Residual Value Analysis
My low-income tax credit investor has asked for a residual value analysis. What is this, and why do they want it?
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The Giving Season: Osram gives to University of Colorado
Education, said investment banker George Peabody (1795-1869), is a debt due from present to future generations. Lighting manufacturer Osram Sylvania shares not only the commonality of Danvers, Massachusetts-Peabody's birth town and Osram's U.S. headquarters-with the nineteenth century...
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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.
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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.
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Protect your assets
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Personal guaranty of business debt
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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.