For about a year Marcus and Millichap has been hosting on-line apartment outlook meetings. These have occurred about every quarter. Listening to these is probably one of the better ways to keep up on the happenings in the multifamily marketplace. I listened to the most recent web meeting earlier this week and below is the [...]
I think many investors, including myself, have been waiting for the deals that a real estate collapse should create. We all want the bargains of the late 1980′s and early 1990′s that made so many people rich. Unfortunately that has not occurred, at least not yet. As I look at new transactions and talk to brokers and investors the [...]
Over the last month the 10 year treasury rates has moved up by over 30 Bps. At the same time spreads on Freddie and Fannie multifamily loans have dropped (more for Freddie than Fannie) easing some of that upward interest rate pressure on multifamily loans. Where they are going from here is any ones guess but [...]
You hear a lot today that, with the exception of FHA-HUD, the GSE lenders (Freddie Mac and Fannie Mae) are the best, maybe only, lenders in today’s multifamily market. This isn’t really true, but its often said. However, with the exception of a sales call, there’s very little discussion of the best way to access [...]
Someone on MSNBC just said that no one is making loans today! The banks are hording money and won’t lend to anyone. The commercial real estate journals say that for commercial real estate the only one lending are the Agency lenders; that means Freddie, Fannie and HUD are the only place to get a loan. [...]