Category: Trends
-
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…
-
Terrix Apartment Financing Rates 03/01/10
Liquidity is making its way back to the commercial lending marketsLife insurance companies Terrix Financial represents are looking to lend more in 2010.Conduit (CMBS) loans are available over $10,000,000. Apartment Rates:5.02% fixed for 5 years, 5.94% fixed for 10 years up to $3,000,0004.80% fixed for 5 years, 5.72% fixed for 10 years above $3,000,000Up to…
-
Accepting Late Payments Can Land You in Court
by Bill Gray (from AAOA) There are many reasons why you shouldn’t allow a tenant to pay rent late, but the legal implications must always be at the top of the list. Unfortunately, by being the nice guy or gal, and accepting late rent payments, you might be establishing grounds for a Fair Housing lawsuit.…
-
What Apartment Operators Need to Know about the Census
The National Multi Housing Council put out this useful information: http://nocoapts.tinyurl.com/y994z2q
-
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…
-
Commercial & Multi-Family Financing Commentary
from Essex Financial Group in Denver Commercial & Multi-Family Financing Commentary – February 2010 The 2010 Mortgage Bankers Association conference in early February was very encouraging compared to a year ago. Following are the key “take-aways” for commercial real estate investors: LIFE COMPANY NON-RECOURSE FINANCING * The “relative value” of yields on alternative fixed income…
-
How to Write a Bulletproof Lease Guarantee
Who Pays When Tenants Damage the Property Before They Move Out? by Janet Portman, Inman News (via AAOA) Q: I’m renting to a couple of college students and have both sets of parents as lease guarantors. Last month, the tenants had an accident in the kitchen that resulted in several hundred dollars’ worth of repairs.…
-
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…
-
Investment Sales Volume Seen More Than Doubling in 2010
Dec 29, 2009 – CRE News (via LoopNet) Sales of office, retail, multifamily and industrial properties could exceed $100 billion in 2010. That would more than double the $45 billion projected for all of 2009, according to Real Capital Analytics. “We have hit bottom and are starting the new decade on the upswing,” the New…
-
CCIM Report Points to Positive Trends in 2010
from multifamilybiz.com CHICAGO, IL – Declines across the nation’s commercial real estate sectors are easing slightly as 2010 approaches, according to the latest edition of the Investment Trends Quarterly report, an authoritative study produced jointly by the CCIM Institute and Real Estate Research Corporation (RERC). Despite the positive signs, however, growth across the commercial property…