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.
Multifamily Lenders Struggle to Divine Value, Cap Rates in Volatile Market
One of the biggest issues facing multifamily lenders today is determining the “V” in LTV (loan-to-value).
Conduit Lenders Quietly Reopen with Eye on TALF
Formerly active conduit lenders are quietly reopening their platforms in anticipation of the government’s TALF program for CMBS.
Institutional Lenders Struggle to Compete with GSEs
As the government-sponsored enterprises (GSEs) continue to dominate the multifamily lending arena, many institutional lenders are shying away from new originations.
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.
Proposed CMBS Reforms Could Undercut TALF
For the struggling CMBS industry, the medicine may be just as bad as the disease.
GSEs Tighten Up On Student Housing Deals
While the student housing market has been a bright spot for the multifamily industry this year, lenders are growing more conservative in their approach to the sector.
Cradle to Grave: Freddie Mac Opens the Warehouse, Keeps Defaults Down
Freddie Mac is focusing on both the beginning and end of a loan’s life cycle to help lenders and borrowers get through the credit crisis.
A Sea Change in Underwriting Affordable Housing Deals
Affordable housing deals have long enjoyed more favorable underwriting than their market-rate brethren.
Seven-Step Strategy for Managing Maturities
One of the biggest challenges facing owners today is managing their loan maturities.