Author: nocoapadmin
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What’s Driving Multifamily’s Improvement? (GlobeSt.com)
GlobeSt.com Jobs,jobs, jobs. Commercial real estate is all about jobs. And particularly the multifamily sector—after all, you can’t pay your rent if you don’t have a job. But in this cycle, the housing market has also had an impact on multifamily fundamentals, as a favorable mortgage market led more households our of the rental pool…
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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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Terrix Apartment Financing Rates 08/04/10
Rates are still incredibly low right now. Unbelievably low. Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$3,000,000+ 5/30 4.04% non recourse7/30 4.53% non recourse10/30 4.96%% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage back up for…
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I Sold My Investment for a Loss and Still Owe Taxes??
from IPX1031 July Newsletter (www.ipx1031.com) This statement results from having “phantom income”; that is, taxable gain but no cash to pay taxes with. Sometimes in a flat or down market, investors do not properly consider the tax consequences of a sale. As a consequence, they experience a terrible surprise when their CPA gives them their…
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Terrix Apartment Financing Rates 07/28/10
Rates are still incredibly low right now. Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. If you have any clients who bought a property for a long term hold and have a balloon coming up in the next 2 years – now is the time to…
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Terrix Apartment Financing Rates 07/13/10
Rates are incredibly low right now. Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$3,000,000+ 5/30 4.44% non recourse7/30 4.89% non recourse10/30 5.20% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined…
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Widespread Improvement in Market Conditions
NMHC Quarterly Survey The apartment market continues to rebound from the “Great Recession” according to NMHC’s latest Quarterly Survey of Apartment Market Conditions. Sales volume is up, debt and equity are more available, and markets are tighter, according to respondents. For the first time since October 2005, all four survey indexes recorded better market conditions…
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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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Terrix Apartment Financing Rates 05/03/10
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…