APARTMENT MARKET STATISTICS: May 2014
According to PPR/CoStar, average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012.
Centerline Introduces Proprietary Bridge Loan Program for Pre-Stabilized Properties
Centerline Capital Group announced a new multifamily bridge loan program that will provide short-term financing for multifamily properties that have not reached stabilization.
Multi-Housing Refinancing Dilemma: Pay Now, Or Lock In Later?
Should an investor shoulder that pre-pay penalty now and refinance, or does it make sense to wait a year or two?
APARTMENT MARKET STATISTICS: April 2014
Apartment total returns for the reporting members of the National Council of Real Estate Investment Fiduciaries fell during 2013, to 2.48 percent in the fourth quarter.
APARTMENT MARKET STATISTICS: March 2014
Multifamily lending by banks increased by $8.1 billion during the third quarter of 2013, according to Chandan Economics.
PROFILE: Corporate Housing Firm Connects Luxury Condo Owners to Extended-Stay Market in New York City
Companies today are eager to hire temporary workers. And that is a boon for the corporate housing sector, says Suzanne Miller, president of Empire State Properties.
TODAY’S DEALS: Cohen Financial Arranges $2.2M Life Company Loan for Michigan Property
Cohen Financial secures a $2.2 million refinance for The Abbey Apartments; and Boston Capital invests in an affordable multifamily community.
TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio
Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.
TODAY’S DEALS: Walker & Dunlop Arranges $75M Life Company Financing for Development
Walker & Dunlop arranges interest-only construction-permanent financing for Park Meridian; and HFF brokers $14 million in joint venture equity for a condominium project in Scottsdale, Ariz.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.