Category: Fort Collins
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Fort Collins is 5th Smartest Place to Live
from NCBR Fort Collins placed No. 5 on a list of most-educated cities in the nation, according to a study by Portfolio.com, a national business news site. The study, which looked at the education levels of the residents of the nation’s 200 largest metro areas, ranked Boulder No. 1. According to the study, five out…
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Realtec 2010 Q2 Apartment Market Report
Northern Colorado Apartments Continue to Outperform On the eve of the State’s second quarter 2010 vacancy and rental report, the apartment market in Northern Colorado continues to show that it has weathered the storm better than most. Yes, you should still expect vacancy numbers to climb due to summer break for Colorado State University and…
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Fort Collins Dodged a Bullet: Rental Licensing
At the last city council meeting in Fort Collins (May 4, 2010) the rental housing industry in town dodged a bullet. Many neighborhood activists (and some council members) were strongly in favor of instituting a rental licensing program to help regulate the industry. In the end, everyone compromised and the city council voted to require…
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Fort Collins passes changes to Occupancy Ordinance
May 5, 2010 – FORT COLLINS. Last night the Fort Collins City Council voted 5-2 in favor of changes to the Occupancy Ordinance for rental properties. The major items include: * Every lease shall have the Occupancy Disclosure Form signed and dated by all parties and either 1) notarized or 2) electronically recorded * A…
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Lead Based Paint Rules Updated
The Fort Collins Coloradoan had an interesting article regarding lead based paint and renovations. We haven’t wrapped our heads around this one yet, but the new rules appear to be pretty invasive and onerous. See the link to the Coloradoan article after the jump. Click Here
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Terrix Apartment Financing Rates 02/18/10
Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$3,000,000+ (DUS Fannie)5/30 4.81% non recourse7/30 5.46% non recourse10/30 5.76% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this avoids…
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Terrix Apartment Financing Rates 01/25/10
Good news – rates are down. After seeing the 10-year Treasury ramp up about 50 bps in the last 6 weeks of 2009, we’ve seen a 20 bp decline this month. Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$2,000,000+ (DUS Fannie)5/30 4.85% non recourse7/30…
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Look to Secondary Markets for Apartment Opportunities in 2010
Great article from GlobeSt.com BOCA RATON, FL-Investors in the US apartment sector may fare better looking beyond major markets for potentially profitable buying opportunities, according to REIT executives addressing the National Multi Housing Council’s Apartment Strategies Conference here Wednesday. Large-scale owners say they are focusing more on internal rates of return than cap rates, which…
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$68,000 to the Fort Collins Housing Authority
The Denver Business Journal reports that HUD has given $68,000 to Fort Collins Housing Authority: http://nocoapts.tinyurl.com/ydggeph
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Terrix Apartment Financing Rates 01/11/10
Some good news – rates are down a smidge from last week.Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$2,000,000+ (DUS Fannie)5/30 5.12% non recourse7/30 5.68% non recourse10/30 5.99% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage…