Jacks of All Trades
OVER THE PAST FEW YEARS, many multifamily CFOs added a new, albeit unfortunate, bullet point to their resumes: “loan workout specialist.” Some could probably also add: “crisis management expert.
Exclusive Research: Finance Execs Expect More Distressed Opportunities in 2011
Nearly 62 percent of multifamily investors and developers anticipate more distressed acquisition opportunities in 2011, according to an exclusive survey of nearly 200 senior-level multifamily finance professionals.
Multifamily Developers Make Moves to Round Out Their Business Models
Throughout the recession, many multifamily builders diversified to survive, positioning themselves for long-term stability.
Financial Reform Act's Impact on Multifamily Borrowers Yet to be Seen
The Dodd-Frank Wall Street Reform and Consumer Protection Act will effect both banks and conduit lenders. But as regulators struggle to reconcile the Act's principles with real-world rules, those effects won't be known for some time.
New Requirements May Mean Longer Wait for FHA Loans
The FHA recently unveiled sweeping changes to its multifamily program, tweaking the underwriting standards on new construction and refinancing deals, while unveiling a slew of risk-management initiatives that may expand its already long transaction timeline.
Frustrated Investors Eye Better Acquisition Market in Second Half
A dearth of quality assets is fueling cap rate compression in many major markets as frustrated investors line up to bid on the cream of the crop.
In the Right Direction
THERE’S STILL SOME GROUND to cover, but the multifamily market in Northern New Jersey has come a long way in a short period of time.
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.
Signs of Life
IF YOU LISTEN HARD, you can hear the pulse of the CMBS market beating again.
AS THE INCOMING CHAIR of the Mortgage Bankers Association, I’ve been privileged to get a behind-the-scenes look at the development of MBA’s programs, research, and publications.