MBA’s GSE Proposal Is Well Received on Capitol Hill
The Mortgage Bankers Association’s recommendations for the future of Fannie and Freddie has a receptive audience in Washington, D.C.
MHN TV: Multi-Housing Developers Are Building Again, Says NAHB’s Sharon Dworkin Bell
Sharon Dworkin Bell, senior vice president of multifamily at the National Association of Home Builders, discusses current conditions for multifamily development.
GSE Lending Expectations for 2011
While debate continues about the GSEs, 2011 is expected to be an even stronger year for Fannie Mae and Freddie Mac multifamily financing.
Video Interview with NAHB Chief Economist David Crowe
MHN TV interviews David Crowe, chief economist of the National Association of Home Builders, at the International Builders’ Show 2011.
Affordable Housing Sector Awaits Obama Budget
Affordable housing proponents hope that housing is included in the investments in infrastructure that President Obama mentioned in his State of the Union speech.
‘Foong on Finance’: Affordable Housing Sector Awaits Obama Budget
President Obama’s State of the Union speech does not seem to be a speech that is particularly underpinned by a conservative economic philosophy. One has to watch the President’s actions, and await the release of the Administration’s budget proposal in a few weeks, to see his intentions. At the annual National Housing Conference and New York Housing Conference luncheon in December, speakers were not optimistic about the prospects for funding for affordable housing in the current environment, and were girding themselves for tougher times ahead. More funding cannot be expected; only level funding at best. President Obama, who proposed…
TODAY’S DEALS: CWCapital Provides $90M in Construction Financing
CWCapital provides $90 million in construction financing to a Maryland multifamily complex; Venture West Funding arranges $7.8 million for four California apartments; and Walker & Dunlop arranges 5 percent early-rate Lock loan.
TODAY’S DEALS: Hendricks & Partners Sells 112-unit Calif. Community
Hendricks & Partners sells a 112-unit Calif. community for $20M; Mortgage Equicap arranges high cash-out for client; and Marcus & Millichaps sells Texas Tech student housing property.
Rising Interest Rates Torpedo Acquisition Deals
Apartment acquisitions transactions that were begun three to four months ago are now falling through because of the rising interest rates.
TODAY’S DEALS: Broad Street Advisors Arranges Financing for Dallas Project
Broad Street Advisors arranges financing for mixed-use Dallas project; AREA invests in a $100M apartment recapitailization; and NorthMarq Capital inks $31 million mortgage for Alabama student housing.