Author: nocoapadmin
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Commercial Property Values Up in Q3 – Index
* U.S. commercial real estate prices rise 4 pct in Q3 * Sales rise in Q3 By Ilaina Jonas (via Reuters) NEW YORK, Nov 3 (Reuters) – The prices of investment-grade commercial real estate rose more than 4 percent in the third quarter, possibly signaling an end to the sector’s year-long downward spiral, according to…
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Investors, Landlords Reduce Rental Property Loan Payments 30%
by Niman Singh (from AAOA) Fannie Mae’s New Loan Payment Reduction Plan Fannie Mae’s Payment Reduction Plan (PRP) is now available to real estate investors and landlords who are having trouble making payments on their investment properties. Since real estate investors and landlords have not been eligible for Home Affordability Modification Program (HAMP), they have…
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Utility Rate Audits for Multifamily Housing
by Chris Oates in Untagged (via Multifamily Insiders) It is very likely that you or someone at your company has been approached by a firm conducting rate audits. Rate audits should absolutely be a part of an energy management program. In fact, overtime, they should be conducted again and again. However, not all rate audits…
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How Do You Appeal to Renters Without Using Rent Concessions?
By Charity Hisle Multifamily Insiders How are you writing your apartment community craigslist ad titles? Are you using rent concessions to drive traffic to your property? What if you don’t have any promotions? What content are you posting to your Facebook and Twitter pages? Are you just posting your rental rates and promotions? Did you…
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Landlords brace for ‘green’ plan
BCBR Article Landlords brace for ‘green’ planBy David Clucas October 30, 2009 —BOULDER – Residential landlords may soon be forced to make thousands of dollars of energy-efficient upgrades in order to receive a rental license from the city of Boulder. Boulder officials are proposing the idea as part of its Climate Action Plan to reduce…
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Federal Guidelines to Facilitate Commercial Loan Workouts
Here is a good article regarding the progress made by Federal Finance regulators to assist lenders with loan workouts. Click Here for the NMHC article
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Rental Housing Licensing in Fort Collins – Good or Bad?
The City of Fort Collins is considering implementing registration and licensing of all rental housing in the city. The Occupancy Ordinance is the medium under which neighborhood citizens are fighting to implement the licensing – to help pay the way for enforcing the existing rules and laws. However, licensing can be costly to owners and…
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Terrix Financing Rates 10/03/09
Rates are -LOW- Apartments are still the least difficult type of property to finance.Below are today’s rates for select apartment loan programs. Loans $2,000,000+5/30 4.91% non recourse7/30 5.37% non recourse10/30 5.63% non recourse70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the…
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Affordable Housing Gets Treasury Boost
GlobeSt. – Erika Morphy WASHINGTON, DC-The Treasury Department has announced details of a temporary plan to provide more funding to state and local housing finance agencies that are struggling to stabilize housing markets and continue to provide support to local affordable housing initiatives. The initiative, for which a total funding amount has not been revealed,…
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Now not the time to review Occupancy Ordinance
Clint Skutchan – Fort Collins Board of Realtors The Fort Collins Board of Realtors in 2005 supported the update to the occupancy ordinance because we believed it would lead to safer rental homes and higher neighborhood quality. Once again, we find ourselves engaged in this discussion as the council is slated to review the ordinance.…