NOCO Apartments

Category: Lending

  • Will Trump Administration Privatize Fannie, Freddie?

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    Surprise Announcement Sends GSE Housing Finance Agencies’ Stock Prices Soaring By Mark Heschmeyer (from CoStar) Call it an early Christmas present for Fannie Mae and Freddie Mac shareholders. President-elect Donald Trump’s nominee to head the Treasury Department, Steven Mnuchin, in his first interview since his announced appointment said the two housing finance agencies should not be…

  • Terrix Apartment Financing Rates 05/03/10

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    Rates remain consistent recently with small fluctuations in the treasuries. Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$2,500,000+ (DUS Fannie)5/30 4.90% non recourse7/30 5.50% non recourse10/30 5.75% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage back…

  • Commercial Loan Maturities Rising Through 2012

    Commercial Loan Maturities Rising Through 2012

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    Will maturing commercial loans over the next three years delay recovery efforts? Apartment owners in Northern Colorado have not displayed much concern thus far. Will this continue while the rest of the product types take a hit? Read NREI’s article to get more information.

  • Financing Rates – 03/13/09

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    From Terrix Financial: Current Rates as of 3/13/09:Apartment Loans $500,000 to $2MM : 6.125% for 3yrs / 6.5% for 5yrs, low cost, 80% LTV, 1.20 DCR, 30 yr am. Apartment loans $1MM – $3MM : from 5.95% for 5 yrs / 6.15% for 10 yrs – recourse Apartment loans $3,000,000+ : from about 5.55% for…

  • Scavenging for Capital

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    NREIOnline Feb 1, 2009 12:00 PM, By Joe Gose Commercial mortgage bankers are leaving no stone unturned in their search for debt while trimming operations. Mired in one of the longest credit sieges in decades, commercial mortgage bankers are slashing expenses and cutting jobs to mitigate plummeting revenues. Only $137 billion in commercial property sales…

  • Commercial/Multifamily Mortgage Originations Plunge 80% from Fourth Quarter 2007

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    NREI – Feb 10, 2009 12:42 PM, By Denise Kalette A new report from the Mortgage Bankers Association (MBA) shows a dramatic drop in commercial and multifamily mortgage loan originations in the fourth quarter of 2008. Originations fell 80% from the same period of 2007, a decline noted across all property types and investor groups.…

  • Wachovia Tops List of Commercial/Multifamily Loan Servicers

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    NREI Online Feb 9, 2009 10:41 AM, By Denise Kalette Wachovia Securities was the nation’s largest commercial real estate loan servicer in 2008 with $412.9 billion in loans serviced, a new report shows. Wachovia Securities serviced 91,591 loans with an average value of $4.5 million, according to the annual ranking of commercial and multifamily loan…

  • Student Housing REIT Engages in Financial House Cleaning

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    By Poonkulali Thangavelu, National Real Estate Investor NOTE: This is a good idea for any local Northern Colorado owner who has approximately 25% or greater equity in their asset. Interest rates are incredibly low and a refinance can lock in improved cashflow. Education Realty Trust has received $222 million in funding through a secured credit…

  • U.S. Rethinks Roles of Fannie, Freddie

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    America’s $11 trillion home-mortgage market is heading for a makeover. Mortgage lending in the U.S. relies heavily on institutions set up in the 1930s by politicians and government officials seeking remedies for the Great Depression. Now, bankers say, the current economic crisis will force Congress and the Obama administration to decide how to repair or…