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Relaxed & Scrutinized
A QUIRKY DYNAMIC IS AT play at the government-sponsored enterprises (GSEs)—borrower scrutiny is at an alltime high, even as credit conditions begin to loosen.
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Bridge Over Troubled Water
Wells Fargo has rejuvenated its floating-rate bridge loan program for multifamily properties, while Greystone is getting ready to announce a similar bridge loan program tied to the company’s agency permanent loan executions.
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Pop Quiz: Q&A With Tom Gleason, Executive Director of MassHousing
Tom Gleason has spent his career working in affordable housing lending and community development finance.
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Family Finalists
GULFPORT, MISS.— Edgewood Manor, a 120-unit, 15-building Sec. 8 development, became a symbol of people being left behind during the months after Hurricane Katrina hit the Gulf Coast.
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Signs of Life
IF YOU LISTEN HARD, you can hear the pulse of the CMBS market beating again.
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The Long and Short of It
THESE DAYS, THE SMALL-BALANCE loan marketplace seems to be divided into two types of executions: long-term loans from Fannie Mae and short-term loans from banks. And their terms couldn't be more different.
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Digging for Dollars
Developers are, inherently, eternally optimistic.
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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.
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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.
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CMBS Loan Pricing Continues Slow, Steady Decline
Pricing on conduit loans has dropped more than 100 basis points in the last three months, as originators re-open and investor interest begins to offer the beleaguered industry some clarity.