Credit

Posted on
American Express OPEN Targets Lowe’s Pro Customers

Purchases made with small-business credit card will earn reward points redeemable for gift cards. More

Financial Reform Act's Impact on Multifamily Borrowers Yet to be Seen

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law July 21, will undoubtedly impact commercial real estate lending. More

Posted on
AvalonBay Issues First Unsecured Offering

For more than a year, apartment REITs have been tapping into the secured debt market from Freddie Mac and Fannie Mae. The reason: It was just too expensive for them to get unsecured debt after the credit crunch. More

The Big (Un)Easy: Lafitte Steps Forward

On Aug. 27, ceremonial shovels hit the dirt at Lafitte Street in New Orleans, as the redevelopment of the Lafitte public housing complex got under way. More

The Big (Un)Easy: Lafitte Steps Forward

On Aug. 27, ceremonial shovels hit the dirt at Lafitte Street in New Orleans, as the redevelopment of the Lafitte public housing complex got under way. More

Posted on
Finding Shelter

Faced with plummeting prices and an exodus of investors, the market for low-income housing tax credits (LIHTCs) is at a historic nadir. More

Posted on
Bethany Group Receivership Highlights Emerging Issue

For more than a week, papers have been covering the problems of Orange County, Calif., apartment investor The Bethany Group. The company has accused its lenders of "starving" a 16-property portfolio by forcing employees, contractors, and utility bills to go unpaid. More

Posted on
Credit Jolt: Colonial Announces $350 Million Facility

One of the most heavily levered companies in the apartment REIT sector got some relief earlier this week. Birmingham, Ala.-based Colonial Properties Trust announced that it has closed a $350 million secured credit facility originated by PNC ARCS, part of Pittsburgh-based PNC, for repurchase by Fannie Mae. More

Posted on
Top Priorities in Housing Policy for 2009

Policy watchers task the Obama administration with rebuilding HUD, managing Fannie Mae and Freddie Mac, juicing up the low-income housing tax credit market, and addressing green building. More

Cradle to Grave: Freddie Mac Opens the Warehouse, Keeps Defaults Down

Freddie Mac is focusing on both the beginning and end of a loan’s life cycle to help lenders and borrowers get through the credit crisis. More

RSS
Close X