HUD adds funding for PHAs’ COVID-19 fight
U.S. Department of Housing and Urban Development Secretary Ben Carson announced the allocation of $380 million in supplemental administrative fee funding to all Public Housing Authorities (PHA), including Moving to Work (MTW) PHAs. The...
Value-add apartment community outside Washington DC sells for $87.5 million
Transwestern Real Estate Services (TRE) announces its Mid-Atlantic Multifamily Group has brokered the sale of Villas at Langley, a 590-unit, value-add investment property in Hyattsville, Maryland. Klein Holdings sold the garden-style asset to Jair Lynch...
$58.5 million for 57 Ocean: construction loan secured
Miami Beach’s 57 Ocean, an ultra-luxury seaside condominium on the iconic Millionaire’s Row, announced that it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. The financing will...
Affordability extended for lower-income senior citizens at Methuen Housing Community as a result of...
MassHousing has provided $7.9 million in affordable housing financing to the non-profit Community Teamwork, Inc. (CTI) to preserve affordability for lower-income senior citizens at the 60-unit Merrimack Valley Apartments in Methuen and extend affordability at the community for at...
Rate Desk May 4, 2020
May 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What’s happened with HUD loans, stat waivers and working capital requirements.
Rate Desk May 4, 2020 edition
Indices up
Crude oil $21.27
...
Marcus & Millichap’s Levin Johnston team closed San Francisco Bay Area multifamily sale for...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Lakes, a three-story, 102-unit garden-style multifamily asset in Concord, California....
Rate Desk May 1, 2020
May 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Historic loans, America re-opening and Opportunity Zones picking up.
Rate Desk May 1, 2020 notes:
Indices are down
Crude oil $19.18
UST...
CBRE sells West Roxbury multifamily complex for $41.8 million
CBRE announced the $41.76 million sale of Oak Row apartments, an 80-unit luxury apartment community in West Roxbury, MA.
CBRE Capital Markets’ multi-housing experts Simon Butler and Biria St. John exclusively represented the seller, a...
Rate Desk April 30, 2020
Rate Desk April 30 edition:
Indices down
UST yields .64 bp
223(f) 2.60%
221(d)(4) 3.25%
Fannie 3.20%
Freddie 3.40%
Value-add alive
Opportunities in emerging markets
Get higher value on improving rents with HUD
Affordable...
CBRE sells Waltham multifamily complex for $73 million
CBRE announced the $73.575 million sale of Waltham Overlook, a 207-unit 100 percent market-rate apartment community in Waltham, MA.
CBRE Capital Markets’ multi-housing experts Simon Butler and Biria St. John exclusively represented the seller an affiliate...
Builder confidence in the 55+ housing market plunges
Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020, according to the National Association of Home Builders' 55+ Housing Market Index released recently. This is the...
Rate Desk April 29, 2020
Rate Desk Notes April 29, 2020
Low rates alone can’t elevate economy
Indices are up
UST yields down .62 bp
223(f) 2.55%
221(d)(4) 3.20%
Fannie 3.19%
Freddie 3.40%
Time for action
Communicate with your...
Optima enhances virtual sales model, tops off construction of luxury residential tower
In these unique times, multifamily development firm Optima is debuting an enhanced virtual sales experience at 7180 Optima Kierland to accommodate prospective buyers in advance of the luxury residential community’s summer opening.
The 12-story tower...
Rare value-add 122-unit multifamily portfolio in Granada Hills, CA sells for $25 million
Universe Holdings, a Los Angeles real estate investment company, has purchased a three-building, 122-unit multifamily portfolio in Granada Hills, California, for $25 million. Kidder Mathews commercial real estate investment broker, Janet Neman, represented Universe Holdings...
MassHousing closes on $2.8 million in financing for new workforce housing in Northampton
MassHousing has closed on $2.8 million in affordable workforce housing financing to The Community Builders for the ongoing construction of the 12-unit 35 Village Hill Road in Northampton. Valley Community Development Corporation is the...
