National
Freddie Mac Names Top Multifamily Lenders of 2012
Freddie Mac announced its highest-producing multifamily mortgage sellers of 2012. These are the lenders who transacted the most financing volume with Freddie Mac.
TODAY’S DEALS: Steadfast Buys San Antonio-Area Asset for $34.6M
Steadfast Income REIT closes a 288-unit buy; Kislak Company brokers two sales in Pensacola, Fla.; and UC Funding provides a $4 million investment to facilitate a recapitalization in Florida.
Economy Watch: Some Banks Easing Some Lending Standards
The Federal Reserve reported on Monday in its Senior Loan Office Opinion Survey on Bank Lending Practices for January that “generally modest fractions” of domestic banks have reported eased their standards across major loan categories over the past three months.
Fannie Mae and its Lenders Finance $33.8 Billion in Multifamily Loans in 2012
Fannie Mae provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history.
21 Percent Drop In Volume of Commercial and Multifamily Mortgages Maturing This Year
$119.5 billion, 8 percent of the outstanding balance, of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2013, a 21 percent decline from the $150.6 billion that matured in 2012, according to today’s release of the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes.
TODAY’S DEALS: ARA Sells 180-Unit Asset in Texas
An Oregon-based buyer acquires a Texas asset; Marcus & Millichap sells a N.J. HUD community for $16.1 million; and Gebroe-Hammer completes four sales in Southern New Jersey/Philadelphia.
Economy Watch: Number of Marginally Attached, Discouraged Workers Down
At a net of 157,000 new jobs, the rise in employment during January wasn’t particularly strong, but there was other good news in Friday’s Bureau of Labor Statistics report.
TODAY’S DEALS: Beech Street Closes $70M for N.J. High-Rise
Beech Street Capital refinances a high-rise; Campus Apartments begins the second phase of a student housing overhaul at Shippensburg University; and Waypoint Residential acquires a suburban Atlanta community and expands its portfolio in South Carolina.
Economy Watch: Job Creation Starts 2013 Lackluster
The U.S. economy created 157,000 jobs in January, according to the Bureau of Labor Statistics. That’s down compared with most months in 2012, which averaged about 181,000 jobs created per month, so 2013 is off to a tepid start.
TODAY’S DEALS: LYND Residential Acquires 438-Unit Asset in Houston
LYND residential makes a value-add buy in Houston; Federal Capital Partners provides $10 million in mezzanine debt for a Virginia development; and NorthMarq Capital arranges a $38 million loan from a life insurance company.