Author: nocoapadmin
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Lead-Based Paint Regulations Go Into Effect Today
More on Lead-Based Paint from National Multi-Housing Council: Apartment firms are reminded that the EPA’s new lead-based paint Renovation, Repair and Painting (RRP) rule becomes effective today. Under the rule, a trained or certified renovator must carry out any renovation or repair work undertaken on pre-1978 properties that disturbs more than six square feet of…
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Lead based paint – more information
The Fort Collins Board of Realtors put together the following: Rule on Lead Safety Set to Take Effect April 22ndThe EPA has new Renovation, Repair and Painting Rules on homes built prior to 1978. The new rules will require contractors to be certified renovators and work for a certified renovator firm. They also specify safety…
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Terrix Apartment Financing Rates 04/19/10
Rates are down a little recently. 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 4.85% non recourse7/30 5.42% non recourse10/30 5.70% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer…
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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 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…
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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.…
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What Apartment Operators Need to Know about the Census
The National Multi Housing Council put out this useful information: http://nocoapts.tinyurl.com/y994z2q
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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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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…
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Terrix Apartment Financing Rates 02/08/10
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 4.85% non recourse7/30 5.45% non recourse10/30 5.75% 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…