Next Generation of GSEs
Fannie Mae and Freddie Mac have played a vital role in the affordable housing world, but the government-sponsored enterprises (GSEs) are an endangered species.
D4 Changes Squeeze Deals
Affordable housing developers are leaving no stone unturned in their search for construction debt.
Citi Pilots California Bond Program
SACRAMENTO, CALIF.— California officials and representatives of Citi have come up with an innovative plan to help jump-start construction lending for affordable housing projects in the state.
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.
Jumping Back In
FANNIE MAE AND FREDDIE MAC are no longer the only games in town.
MEET THE NEW MEZZ, not the same as the old mezz.
Race Against Time
IN 2000, SHEA PROPERTIES put 10-year debt under the Elan at River Oaks , a 941-unit residential building with 23,000 square feet of commercial space in San Jose, Calif., that the company had built in 1991.
Stuck in Limbo
THIS COMMITTEE WILL be recommending abolishing Fannie Mae and Freddie Mac in their current form and coming up with a whole new system of housing finance,” said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee at
Bridge Building: Debt for Transitional Assets is Coming Back
The bridge loan market is starting to heat up, as providers see more opportunity in lending to transitional assets and distress acquisitions.
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.