February 2009 Table of Contents

Batten Down the Hatches

2009 is a year to work on things you can control and tread lightly on new ventures. It is not a time to sit on your hands, but it is also not a year for taking great risks. Read more

Handling the Crisis

Mel Gamzon, president of Senior Housing Investment Advisors, Inc., is a prolific dealmaker in the seniors housing business. Read more

Developers Migrate to FHA

With conventional construction lenders reluctant to fund new apartment projects and take-out mortgage lenders sticking with conservative leverage levels, many market-rate developers are gravitating toward the program known as “(d)(4).” Read more

Thompson to Forecast at AFTC

Linwood Thompson, managing director of Marcus & Millichap, will present a wide-ranging forecast of the apartment market at the Apartment Finance Today Conference, held March 30 to April 1 at the Arizona Biltmore in Phoenix. Read more

Meeting Multifamily Mortgage Needs Meeting Multifamily Mortgage Needs

Though the current financial crisis originated in the single-family sector, as APARTMENT FINANCE TODAY readers well know, it has since spread to other sectors. Thus, there is a looming liquidity crisis that could seriously impair the apartment sector. Read more

MBA Reports Dismal 4Q and Trouble Ahead

In two research reports released in February, the Mortgage Bankers Association (MBA) paints a sobering picture of the recent past and near future. Read more

Business as Usual

When an investor needed cash quickly to buy Hinkston Pond Apartments, it turned to a Fannie Mae program. Read more

Record-Breaking Year for Freddie Mac

Freddie Mac also had a record-setting year in 2008. Read more

Chase Picks Up Where Washington Mutual Left Off

Washington Mutual has been one of the most prolific lenders to the multifamily industry, originating at least $9 billion in debt annually for the last three years. Read more

Mortgage Bankers Bet on Government

San Diego— Massive losses and deep layoff s in the fi nance industry didn't stop bankers and commercial real estate dealmakers from converging on San Diego for this year's Mortgage Bankers Association's (MBA) Commercial Real Estate Finance/Multifamily Housing Convention & Expo—but the crisis that started in 2008 did put a damper on the mood. Read more

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