Category: Financing
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Terrix Financing Rates
05/26/09: Apartments 30 year amortizationUp to $3,000,000 5 year Fixed 5.28% (55% LTV) 5.58% (80% LTV) 10 year Fixed 5.82% (55% LTV) 6.12% (80% LTV) Over $3,000,000 5 year Fixed 5.28% (55% LTV) 5.58% (80% LTV) 10 year Fixed 5.76% (55% LTV) 6.06% (80% LTV)
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Freddie Mac aims $1B at Multifamily Sector
from GlobeSt.com “Bottom line, this means more money is flowing into the market.” WASHINGTON, DC-Freddie Mac is launching a new $1B debt program that it hopes will deliver more liquidity to the multifamily sector–and as an added bonus, hopefully begin to thaw out the frozen credit markets. The new investment vehicles are a departure for…
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Will new appraisal rules hurt property valuations?
From AOAA New guidelines that became effective last Friday are causing controversy within the mortgage industry, and protests have been launched by both mortgage brokers and appraisers calling for immediate amendments. The new rules affect all conventional loans to be sold to Fannie or Freddie. The most troublesome issues revolve around the new requirement that…
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Financing Rates – 04/27/09
From Terrix Financial: Fannie Mae rates are up slightly – but still very good. They have been up and down inside a fairly narrow window over the past few months.Below are rates from various programs – we have some good options for apartments. For $500,000 to $2,000,000:3/30 6.0% 5/30 6.375%7/30 6.75%Up to 80% LTV on…
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Student Housing: A Safe Bet for Veteran Owners
GlobeSt.comBy Amy Wolff Sorter DALLAS-One main disagreement at the second annual RealShare Student Housing Conference focused on which was more important when it came to valuation and performance: cap rate or cash-on-cash. But panelists and speakers participating at the April 15 event agreed the sector is more or less recession-proof, so long as the owners…
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Terrix Financing Rates
April 09, 2009 – Recent Loan Closing$1,450,000 office-warehouse property 6.25% fixed for 5 years 5+5/25 termsmall prepay****************************************************************** Current Rates as of 4/09/09:Apartment Loans $500K – $2MM: 6.0% for 3yrs/6.375% for 5yrs, low cost, 80% LTV, 1.20 DCR, 30yr am. $1MM – $3MM : from 5.65% for 5yrs/5.85% for 10yrs – recourse, Fannie Mae $3MM+ :…
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Commercial Loan Maturities Rising Through 2012
Will maturing commercial loans over the next three years delay recovery efforts? Apartment owners in Northern Colorado have not displayed much concern thus far. Will this continue while the rest of the product types take a hit? Read NREI’s article to get more information.
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Financing Rates – 03/13/09
From Terrix Financial: Current Rates as of 3/13/09:Apartment Loans $500,000 to $2MM : 6.125% for 3yrs / 6.5% for 5yrs, low cost, 80% LTV, 1.20 DCR, 30 yr am. Apartment loans $1MM – $3MM : from 5.95% for 5 yrs / 6.15% for 10 yrs – recourse Apartment loans $3,000,000+ : from about 5.55% for…
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Conditions Remain Cloudy for Apartments
Jan 21, 2009 1:40 PM, By Poonkulali Thangavelu Conditions in the apartment sector continued to be less than favorable, according to the January survey of multifamily industry executives by the National Multi Housing Council (NMHC) based in Washington, D.C. However, based on factors such as sales volume, availability of debt and equity funding, the industry…
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Meeting Multifamily Housing Finance Needs During and After the Credit Crisis
NMHC – Meeting Multifamily Housing Finance Needs During and After the Credit Crisis documents the growing importance of rental apartments and points to a looming liquidity crisis that could seriously impair the sector and lead to a critical housing shortage if legislatively mandated reductions in the GSEs’ portfolios take place starting next year as scheduled…