Last week I was at the Mortgage Bankers Association-Commercial Real Estate Forum, the big annual commercial real estate lenders conference. There was lots of discussion about loans coming due, larger life company allocations and the return (again) of CMBS. All of this was interesting but my biggest take away from CREF relates to the agency [...]
One of my new years resolutions was to again regularly blog on this web site about the current state of the multifamily lending business. This was the initial purpose of the site when I set it up in 2000. So far I have been a bit neglectful to this resolution. Hopefully, today’s post is the begining of my living [...]
In the good old days, before the collapse of the CMBS market and partial failure of the banking system, interest only (I/O) loans were everywhere. Banks were offering them, Life Companies were offering them, and Conduits were putting them on practically every deal as were Freddie and Fannie. And it wasn’t only partial I/O, for [...]
Borrowers who never considered FHA/HUD are now being told they need a FHA/HUD 223 (f) loan. However, most borrowers, and brokers who are selling this product, don’t understand the issues relating to these loans. The 223 (f) is FHA/HUD’s acquisition/refinance program for conventional apartment projects. With limited sources for apartment financing today, this program is being [...]
Related to Buy Stake in Fannie Apartment Portfolio – WSJ – 4-6-11 – Fannie sells part of their REO inventory Small-Cap Market Poised to Build upon Economy’s Strength - Smallbalance.com – 4-8-11 – Not exactly Multifamily information, but a good report on small balance commercial. Risky Business – Apartment Finance Today – March/April 2011 – [...]