Apartment borrowers are still waiting. Conduit loans, everyone’s favorite highleverage financing, have been unavailable since the capital crisis began last fall. Read more
St. Petersburg, Fla. — Job losses, weak household formation levels, and competition from the shadow market are taking their toll on the apartment market here. Read more
The conduit lending business has a very faint pulse. Few new loans are being originated, and the flow of Wall Street money, the lifeblood of the conduit business, has slowed to a trickle. Read more
Permanent Losses
During the capital crisis, bond investors exited real estate like disaster victims fleeing a burning building. Read more
East Moriches, N.Y. — This summer, Landmark Properties plans to start building 408 seniors condominiums at Heritage Square, an independent and assisted living development planned here. Read more