Category: Financing
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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…
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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…
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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…
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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%…
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Terrix Apartment Financing Rates 12/09/09
Apartments are still the least difficult type of property to finance.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 4.77% non recourse7/30 5.28% non recourse10/30 5.59% non recourse70-80% LTV, cash-out okay, non recourse, assumable, can do supplemental financing in future to leverage back…
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Terrix Apartment Financing Rates 12/01/09
Treasuries have come down quite a bit – so rates are still great Apartments are still the least difficult type of property to finance.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 4.65% non recourse7/30 5.21% non recourse10/30 5.41% non recourse70-80% LTV, cash-out…
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Terrix Apartment Financing Rates 11/23/09
Just Closed!$3,000,0005.99% fixed, 10/30 termNon recourse$500,000 cash-out100% student Housing in Boulder************************************** Today’s rates are -LOW- Apartments are still the least difficult type of property to finance.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 4.70% non recourse7/30 5.27% non recourse10/30 5.52% non recourse70-80%…
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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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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