News
Freddie Mac Mulls Mezz Lending Plan
Dees Stribling, Contributing Editor McLean, Va.–Freddie Mac is formulating a new program to work with mezzanine lenders to expand the GSE’s multifamily mortgage origination program. According to Freddie Mac spokeswoman Patti Boerger, the details of the program aren’t finalized yet, but probably will be next month. The overall thrust of the program, however, is well defined. “The mezzanine financing would be provided by a third party and we would work with several mezzanine providers for the program,” Boerger tells MHN. “This would be a mezzanine debt solution for the refinancing of over-leveraged apartment properties.” Under the program, a select number…
DEAL OF THE DAY: NorthMarq Capital Arranges $18M Freddie Mac Loan for Manhattan Apartment Building
Craig Bjornsund, senior vice president and managing director of NorthMarq Capital’s (NorthMarq) New York Metro Regional office arranged first mortgage financing in the amount of $18 million for 2161-2169 Broadway (235-241 W. 76th Street) in Manhattan.
Guest Column: EPA Lead-based Paint Disclosure Rule Violations
The number of enforcement actions has increased each year since 2005, with eight such actions filed in 2009.
Cambridge Realty Capital Gets New National Originations Manager
Hymie Barber has been named national originations manager for Chicago-based Cambridge Realty Capital Cos., with responsibility for generating new business and greater awareness of the company’s senior housing/healthcare funding products nationwide.
MARKET REPORT: Moderately Priced Apartments in Minneapolis Continue to Perform Well
While some major metro areas see better performances among higher asset classes, the Twin Cities is experiencing quite the opposite.
New Rental in Manhattan’s Hudson Yards
TF Cornerstone has opened 505W37, a rental project in Manhattan’s Hudson Yards.
Dubai Apartment Market Stabilizes
Infamous for how far its property markets have fallen in recent years, Dubai is seeing signs that its MF market, has touched bottom.
MHN Interview with Christopher Feeley: Demographics Are Conducive to Growth of MF
Christopher Feeley, co-founder of Oculus Capital Group talks to MHN about why he
INVESTMENT: Engler Financial Markets Mortgage Note Secured by Townhome Property in Georgia
Engler Financial Group has been retained exclusively to market for sale the multifamily mortgage loan collateralized by the 232-unit Oxford Creek.
American Properties Realty Announces Tours for Prospective Buyers at N.J. Properties
American Properties Realty said it will conduct “Pot O’ Gold,” weekend home tours