Just got a loan, but do you really know how your lender calculates your monthly payment and amortization schedule? It’s not as simple as you think. In fact your lender may be calculating your payment differently than you expect or know. A few years ago there was a lot of talk about payment methodology. People [...]
During the economic crisis of the last two years many banks that traditionally made loans to owners of small apartment properties have either left the business or cut back on lending. This has left many owners of small apartment properties with limited borrowing choices. One lender that has stuck with the small multifamily market and even expanded their outreach is Fannie Mae. Hopefully this article will explain some of the issues with these loans and make it easier for you to evaluate these loans.
Someone recently sent me a copy of a great research piece by Barclays Capital. This is an analysis of the investing in Fannie Mae DUS loans titled DUS: A Primer. Its a basic analysis of the DUS program from the bond investors perspective. It clearly outlines the program, how it works and why its beneficial [...]
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 [...]
: CMBS May See Partial Exemption in New Loan Rules – WSJ 3-24-11 - The CMBS industry lobbying for exemptions or changes to Dodd-Frank rules : Hottest Multifamily Markets for 2011 – Builder Magazine 3-24-11 – multifamily action based on 2010 permit data. : PwC Real Estate – Investor Survey – Press Release 3-21-11 – [...]