Short-term interest rates have fallen steeply from their highs in September, making construction financing more feasible.
Amend, Extend, and Hope: Lenders Look to Stop the Bleeding
As apartment fundamentals continue to erode, lenders are hoping to stop the increase in multifamily delinquency rates through a variety of portfolio management efforts.
A TARP/TALF Primer for Multifamily Borrowers
Understanding the U.S. government’s various financial stability programs can be difficult, to say the least.
A TARP/TALF Primer: Glossary of Terms
Troubled Asset Relief Program (TARP): The initial, overarching program created by the Emergency Economic Stabilization Act of 2008 and aimed at shoring up the nation’s financial system.
TALF CMBS Program Poised for Second-Half Run
The CMBS portion of TALF is gearing up for a second-half run that many hope will revive the dormant securitized loan market.
Uncertainty of Execution
If 2007 was the end of the party, 2009 will be the worst part of the hangover.
Last Gasp: Capmark Financial's Days Are Numbered
Capmark Financial Group is heading towards default, as the troubled lender weighs whether to file for bankruptcy after posting a $1.6 billion loss for the second quarter.
Berkadia Rises From Capmark's Ashes
A new name entered the multifamily arena last week, when Berkadia Commercial Mortgage was born out of the ashes of Capmark.
Developers Weather the Storm
Affordable developers have struggled for years to fill vacant lots and repair abandoned buildings in the low-income neighborhoods of aging Northeastern cities.
Florida Bridges Loan Gap
Through a $10 million grant Florida Housing Finance Corp. (FHFC) received from the state last August, the department is putting the money to good use by initiating a preservation bridge loan program targeting nonprofit development organizations by providing loans for acquisition and predevelopment...