TODAY: Capital One Bank Closes Loans Totaling $74M to Refinance Two Houston Apartment Communities
Capital One Bank provides loans totaling $74 million to refinance two Houston apartment communities; and Grandbridge Real Estate Capital finances a $4.8 million apartment community at sub-4 percent interest rate.
TODAY’S DEALS: Walker & Dunlop Originates $108M Fannie Mae MHC Loan
Walker & Dunlop Inc. and Fannie Mae announced the recent closing of a $108 million loan for a manufactured housing community; and R3 Funding arranges $23.6 million in financing for student housing.
Renters by Choice Fuel Multifamily Marketplace
Within the next decade, 5 to 6 million new-renter households will be created. Resort-style amenities, convenience and flexibility are among the benefits of apartment living.
Fixed Versus Floating
There may still be benefits to selecting adjustable-rate, not fixed-rate, mortgages.
Growth Markets for 2015: Upstate New York
Secondary cities in the South and Northwest grab the headlines, but upstate New York is beginning to be recognized for stable recovery and urban reinvention.
TODAY’S DEALS: Berkadia Provides $85M Following Proprietary Interim Loan for Mixed-Use Property
The New York office of Berkadia Commercial Mortgage recently arranged an $85 million revolving credit facility; and Grandbridge Real Estate Capital facilitates a $5.5 million seniors housing refinance.
TODAY’S DEALS: Cohen Financial Secures $167.6M Construction Loan for Miami Development
Cohen Financial secures a $167.6 million construction loan for Muse in Sunny Isles located at 17141 Collins Avenue; and Meridian Capital arranges $32 million for two mixed-use properties in New York.
Borrowers Could Face Difficulty Repaying Home Equity Loans
Now that borrowers have to start repaying home equity lines of credits, lenders are fearing a wave of defaults.
APARTMENT MARKET STATISTICS: August 2014
The three-month moving average of multifamily housing starts now exceeds the average recorded between 2000 and 2007, according to the National Association of Home Builders.