-
The panelists at yesterday’s NMHC Apartment Strategies/Finance Conference overwhelmingly remained steadfast in their belief in that the apartment industry is due for a nice run over the next few years. But they said it may be difficult to keep pushing rent increases as a number of markets push past...
It shouldn’t really be a surprise given that apartment sales have accelerated over the past year, but commercial and multifamily originations were 36 percent higher than they were during the same period last year, according to a report from the Washington, D.C.-based Mortgage Bankers Association.
Potential lenders are still not sufficiently convinced that energy-saving retrofits will result in meaningful savings for multifamily owners in the long run. And they worry that they won’t see their money back, so they are waiting to see positive data that shows otherwise.
The federal REO Rental Initiative will cast more uncertainty over an already large shadow market.
-
Wells Fargo was the top multifamily lender last year for the third year in a row, closing on more than $10.6 billion overall, up from $8.4 billion in 2010, according to the Washington, D.C.-based Mortgage Bankers Association (MBA).
-
The construction debt market is heating up, though much of the activity is concentrated on a continued "flight to safety" by financiers.
As the 10-year Treasury has risen over the month of March, deals that once looked like home runs now face questions.
Just two years ago, it was hard to find money if you wanted to buy and rehab an apartment building. But as rents have recovered, the opportunity for rehab has opened up. That's brought money back in the game.
Life insurance companies have increased their appetite this year and are charging through the first quarter at full speed, giving GSEs a run for their money.
-
Two new agency lenders were created this month, but while the company names are new, the faces behind them are very familiar.