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More stories about Loans

  • End of an Era? Sec. 202’s Fate is Uncertain.

    The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.

  • CMBS Delinquencies Hit 9 Percent, and Rising

    The CMBS delinquency rate for the apartment sector has reached 9 percent, and will likely soon balloon another 400 basis points.

  • CMBS Delinquencies at 9 Percent, and rising

    In February, the apartment sector's CMBS delinquency rate hit 8.97 percent, but when factoring in the imminent delinquency of Stuyvesant Town/Peter Cooper Village, that figure climbs to 13 percent.

  • 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.

  • Change is Hard

    THE FEDERAL HOUSING Administration (FHA) has become the most prolific and popular construction debt source since the advent of the credit crunch.

  • Letting Loose

    THE MEZZANINE FINANCING market is heating up.

  • Conduit Shops Open, But GSEs Still Dominate

    Several conduit lenders, including JPMorgan Chase, Deutsche Bank, and Goldman Sachs are cautiously re-opening their CMBS platforms, even as the market struggles with record-breaking delinquency rates.

  • CPC, IBM Team Up on Construction Financing Software

    The Community Preservation Corp. has partnered with IBM on a new construction loan program that should help borrowers get thier money more quickly. The companies are planning to bring the software to market with the hope that the software will make it more feasible for more lenders to offer...

  • Five Tips for Winning FHA Approval on a New Construction Deal

    Compared to what’s being offered in the private sector, the rates and terms of the Federal Housing Administration’s (FHA) Sec. 221(d)(4) program for new construction loans are more than attractive. Loan-to-cost ratios can reach up to 90 percen

  • New Requirements May Mean Longer Wait for FHA Loans

    The Federal Housing Administration (FHA) recently unveiled sweeping changes to its multifamily programs, making it tougher on market-rate deals.