Author: nocoapadmin
-
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.…
-
Terrix Apartment Financing Rates 01/25/10
Good news – rates are down. After seeing the 10-year Treasury ramp up about 50 bps in the last 6 weeks of 2009, we’ve seen a 20 bp decline this month. Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$2,000,000+ (DUS Fannie)5/30 4.85% non recourse7/30…
-
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…
-
$68,000 to the Fort Collins Housing Authority
The Denver Business Journal reports that HUD has given $68,000 to Fort Collins Housing Authority: http://nocoapts.tinyurl.com/ydggeph
-
Terrix Apartment Financing Rates 01/11/10
Some good news – rates are down a smidge from last week.Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$2,000,000+ (DUS Fannie)5/30 5.12% non recourse7/30 5.68% non recourse10/30 5.99% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage…
-
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…
-
Self Directed IRA’s to Invest in Real Estate
A couple of months ago I attended a seminar offered by Entrust New Directions IRA. It turned out to be very informative and interesting. The Apartment Team at Realtec started to see self directed IRA’s being used in 2008. The trend hasn’t taken off, but it is a great alternative for individuals that would like…
-
Princess Apartments SOLD
GREELEY, CO – The Princess Apartments located in Greeley, Colorado, which include 8-units on 22nd Street, and a duplex on 6th Avenue, sold December 30, 2009. The buyers, an investment group out of Denver, are adding to their portfolio of multifamily investments. The property was marketed by the Apartment Team of Brian Mannlein and Erik…
-
Terrix Apartment Financing Rates 01/04/10
Happy New Year – Let’s hope and work for a better 2010! As much as I’m looking forward to 2010 – unfortunately rates really went up in December.Below are today’s rates for select apartment loan programs – all loans are a case-by case basis. Loans ~$2,000,000+ (DUS Fannie)5/30 5.23% non recourse7/30 5.72% non recourse10/30 6.02%…
-
Landlord Training – City of Fort Collins
This is the official notice of our upcoming Landlord Training. I am currently only promoting the class to those who have been on a waiting list. I will open the registrations further in 2 weeks. Please see below for details. Neighborhood Services will be hosting a Landlord Education Series. The series is a two-day, eight…