Signs of Life
IF YOU LISTEN HARD, you can hear the pulse of the CMBS market beating again.
Pay to Play: Access to Construction Debt Hinges on Relationships
National and regional banks are slowly starting to provide construction debt again, but they're only opening the balance sheet to those with whom they have an existing or potential long-term relationship.
The Long and Short of Small Loans
Fannie Mae's small laon program recently loosened some underwriting criteria and is offering standard 10-year deals at around 5.75 percent, and seven-year pricing is in the mid-5 percent range. But it's on shorter-term loans where banks are undercutting Fannie Mae.
Five Tips for Winning FHA Approval on a New Construction Deal
With the fatality rate of new Sec. 221(d)(4) loans hovering at about 50 percent, you have to manage your expectations for the loan process. Here are some tips from FHA lenders on how to position your deal for approval.
Wells Fargo Dusts Off Bridge Loan Program
Wells Fargo, the multifamily industry's largest lender, rejuvenates its bridge loan program, tying it to the company's agency permanent loan executions.
Red Capital Returns to the Fold
Red Capital Group has come back to its roots as an entrepreneurial firm after being acquired by an investment group led by ORIX USA Corp. and Stonehenge Partners.
MBA Ranks Top Lenders of 2009
Wells Fargo, PNC Real Estate, and Deutsche Bank were the top three multifamily lenders in 2009, according to the New York-based Mortgage Bankers Association’s annual rankings.
Lenders, Investors Struggle to Define Value and Market Metrics
While the transaction market is slowly starting to pick up, multifamily financiers continue to struggle to define value and get a handle on the strength of local markets.
Insurance Companies, GSEs Go Neck-and-Neck
Life insurance companies have stepped back into the multifamily arena, closing the pricing gap with the government-sponsored enterprises.
Non-GSE Lenders Start Gaining Traction
Life insurance companies, commercial banks, mortgage REITs and even conduit lenders are providing some healthy competition to the government-sponsored enterprises.