Northeast
MBA Report: Commercial Loan Originations Inch Upward from Second Quarter of 2009
Washington, D.C.–The Mortgage Bankers Association (MBA) has just released its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, and the news is good.
Another Luxury Rental Makes Its Way into Manhattan
New York–Ohm is located at 312 11th Avenue, just one block from the green expanse of the soon-to-open Hudson River Park.
Fannie Mae Multifamily Investment Drops During First Half 2010
Washington, D.C.–During the first half of 2010, Fannie Mae, through its lenders and various other partners, provided $5.9 billion in investment to the multifamily rental housing market.
DEAL OF THE DAY: Beech Street Capital Provides $28.4M Refinance for Two Manhattan High Rises
Beech Street Capital LLC provided $28.4 million in permanent financing for the refinance of two multifamily properties in New York.
Red Stone Partners Launches $250M Fund to Purchase MF Affordable Housing Bonds
New York–Red Stone Partners has just established a new $250 million investment fund for the acquisition of fixed rate tax-exempt multifamily housing bonds.
US Green Building Council to Study LEED-Certified Building Performance
Washington, D.C.–Applying for and winning LEED certification is one thing, but what happens during the long life of a building afterward?
Web Feature: How MF Communities Can Tap into Water Savings
New York–If efficient management techniques are applied to water consumed in multifamily buildings, the impact can be very powerful.
Financial Reform Law Includes Another $1B for Neighborhood Stabilization Program
Washington, D.C.–The Neighborhood Stabilization Program has received a fresh infusion of $1 billion with the signing of the Restoring American Financial Stability Act of 2010 into law this week.
Organization Says Banks Backing Away from NYC Affordable Housing
New York–New York’s banks are shirking their responsibilities under the Community Reinvestment Act of 1977 (CRA)
DEAL OF THE DAY: Walker & Dunlop Closes on $20.21M Acquisition Loan at 78% LTV
Walker & Dunlop arranged a $20,208,000 acquisition loan for Spring House Apartments located in Laurel, Md. The loan was structured with a 10-year term and a 30-year amortization. The loan was underwritten to a 78.3 percent loan-to-value ratio with a 1.24 debt-service coverage.