Finance & Investment
Finance Trends: Multifamily Finance Trends and HUD
While much chatter across the industry speculates as to a current or future bubble, economic indicators show that the sector continues to show strength and that a bubble is not imminent. Investors and developers are active, and demand for units remains steady.
Executive Insight: Youthful Insight
Low Income Housing Tax Credit specialists WNC & Associates may have more than 40 years of experience in the affordable housing industry, but the firm isn’t afraid to put youth in the driver’s seat of its rapidly expanding subsidiary, Community Preservation Partners LLC (CPP).
Finance: GSE Reform-What’s Next
Fannie Mae and Freddie Mac have done considerably better than expected since going into government conservatorship in 2008, even as the Federal Housing Finance Agency (FHFA) has attempted to restrict their activities.
TODAY’S DEALS: Luxury NYC Adaptive Reuse Sells of $126M
Eastern Consolidated arranges the sale of a hotel-to-apartment conversion in New York; Berkadia originates $12 million for a Seattle community; and Hendricks-Berkadia negotiates the sales of two Tampa communities for more than $10 million.
TODAY’S DEALS: Miami Waterfront Development Site Trades Hands
ARA brokers a multifamily development site in Miami Beach, Fla.; Berkadia arranges $86 million for 15 seniors housing communities in North Carolina; and an Israeli insurance company acquires its first multifamily property in the United States for $48 million.
How Proposed Johnson/Crapo Legislation Could Affect Multifamily
MHN talks to Willy Walker, CEO of Walker & Dunlop, about this new proposed legislation and how the bill could affect multifamily if it passes.
Economy Watch: Serious Residential Delinquencies Still on Downward Path
Freddie Mac reported that its single-family serious delinquency rate dropped from 2.34 percent in January to 2.29 percent in February.
Charting a Course Through a New Multifamily Lending Landscape
Investors need to plan ahead for the third-party due diligence requirements of lenders. Some of these requirements have changed.
Where are Apartments for the Middle Class?
MHN chats with Kevin Finkel of Resource Real Estate Opportunity REIT about the changing nature of the workforce and their housing needs. The fund is big on heavy value-add plays that create safe, affordable and hassle-free housing for the middle-class, with a particular emphasis on single working mothers.
TODAY’S DEALS: Centerline Provides Acquisition, Renovation Financing for Florida Asset
Centerline provides a Related affiliate with acquisition and renovation financing; Greystone closes $40.4 million for a Tennessee community; and Meridian Capital negotiates $39.3 million in financing for mixed-use properties in New York and New Jersey.