Just updated! Be sure to see the new version for January 2011. Marcus & Millichap is one of the nation’s largest real estate investment firms. Nearly every quarter they webcast a summary of the current and near future conditions of the multifamily market. The most recent one was released on May 13, and included [...]
Browsing Posts tagged capital markets
On January 26, Marcus & Millichap presented a one hour webcast that summarized their current view of the economy and specifically the apartment industry. As the third largest apartment broker in the country, they have access to a lot of people and a lot of data. Luckily, the two presenters do a good job clarifying [...]
According to the latest issue of Multifamily Executive magazine, the multi-family market is being buoyed by loans from Freddie, Fannie, and HUD-backed FHA loans. The bad news is that for buyers or developers unwilling or unable to get financing from these sources, there’s virtually no other alternative right now. Although rumors are starting to circulate [...]
Our group recently received a loan commitment from Evanston Financial for just over $10M to cover the construction and long term financing for our 132-unit apartment development. Evanston, an affiliate of Oppenheimer, will package the loan as MAP lender for HUD under the 221(d)4 New Construction Program. The interest rate is currently at 6.0%, plus [...]
By: Jerry Ascierto Capmark Financial Group is heading towards default, as the troubled lender weighs whether to file for bankruptcy after posting a $1.6 billion loss for the second quarter. It’s a steep fall from grace for Capmark, who originated more Freddie Mac and FHA debt than any other lender last year and has consistently [...]
