Since the volume of acquisition opportunities never materialized as many investors had hoped, all of that pent-up equity on the sidelines is beginning to view new construction as a more attractive option. More
With the fatality rate of new Sec. 221(d)(4) loans hovering at about 50 percent, you have to manage your expectations for the loan process. Here are some tips from FHA lenders on how to position your deal for approval. More
While the changes to the FHA's Sec. 221(d)(4) new construction program are aimed at market-rate deals, mixed-income and workforce housing developments will also be impacted. More
While the changes to the FHA's Sec. 221(d)(4) new construction program are aimed at market-rate deals, mixed-income and workforce housing developments will also be impacted. More
While the transaction market is slowly starting to pick up, multifamily financiers continue to struggle to define value and get a handle on the strength of local markets. More
While the transaction market is slowly starting to pick up, multifamily financiers continue to struggle to define value and get a handle on the strength of local markets. More
Many affordable housing players are pinning their hopes on the Tax Credit Assistance Program (TCAP) and Tax Credit Exchange Program (TCEP) to produce a sunnier 2010. But the full impact of those programs remains to be seen. More
One of the biggest issues facing multifamily lenders today is determining the “V” in LTV (loan-to-value). In the past, lenders could easily turn to the acquisition market to get a current read on valuations. But since there are very few acquisitions this year, lenders have nothing to measure against: In the absence of a trade, there’s no market-determined value. Anecdotally, everyone knows that values are falling in most, if not all, markets today. But how can you measure the rate of descent for that falling knife? More
Government-sponsored enterprise Freddie Mac took a big step towards bringing its Capital Markets Execution (CME) program to the market on Tuesday, launching the Series K-003 Structured Pass-Through Certificates (or K-Certificates). More