HUD implements new CARES Act multifamily mortgage payment relief to maintain and preserve affordable...
The U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages...
Jonathan Rose Companies acquires Tower West Apartments on Manhattan’s Upper West Side
Jonathan Rose Companies, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City...
Franklin Street brokers $4.5 million sale of Fairway Gardens in Margate, Florida
Franklin Street has brokered the sale of Fairway Gardens, a 28-unit multifamily property located on a golf course in the city of Margate, Florida.
Franklin Street’s Fort Lauderdale multifamily investment sales team, Travis Jones, Dan...
Franklin Street brokers $18.1 million sale of Aventura Apartments in Orlando Florida
Franklin Street has brokered the sale of Aventura Apartments, a 144-unit apartment community located in the city of Orlando, Florida.
Franklin Street’s Tampa multifamily investment sales team, Darron Kattan, Zach Ames, Kevin Kelleher and Avery...
Rate Desk April 10, 2020
April 10 edition
Markets up double digits
UST ended .72 bp
Closed for Good Friday
223(f) 2.60-2.65
221(d)(4) 3.30-3.60
Fannie 3.32%
Freddie 3.40%
HUD San Fran office issues Q&A on construction/rehab loans
Stay-at-home order...
Rate Desk April 9, 2020
April 9 edition
Fed: $2.3 trillion loans for midsize businesses, US cities and states
UST range bound .72-.74 bp
Fed includes CMBS AAA securities in TALF
FHA rates
223(f) flat 2.60-2.65
221(d)(4) 3.30-3.60
GSE's...
Meta Housing breaks ground on 65-unit affordable multifamily development in Westminster, California
Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based non-profit public benefit corporation, has announced the development of Westminster Crossing, a three-story, 65-unit, affordable...
Rate Desk April 8, 2020
April 8 edition
DJIA up—23K
UST .74 bp
Congress to add $250 billion to PPP SBA program
FHA rates- 223(f) 2.59%
221(d)(4) 3.60%
GSE’s flat today, reaching normal
Fannie 3.36%
Freddie 3.44%
Document financial...
Universe Holdings acquires three-property multifamily portfolio in Granada Hills for $25.5 million
Universe Holdings has acquired a 122-unit multifamily portfolio in Granada Hills, CA for $25.5 million.
The purchase of the 56-unit Boardwalk and Park Place Apartments, the 38-unit Devonshire Apartments and the 28-unit Granada Pine Apartments...
Franklin Street brokers $21 million sale of Northridge Apartments in Saint Petersburg, Florida
Franklin Street brokered the sale of the Northridge Apartments, a 203- unit rental community located in the city of Saint Petersburg, Florida.
Franklin Street’s Tampa multifamily team, Kevin Kelleher, Darron Kattan and Zach Ames represented the...
WinnCompanies appoints Terri Benskin as chief operating officer of WinnResidential
WinnCompanies has appointed Executive Vice President Terri Benskin as chief operating officer of its property management arm, WinnResidential, as part of the company’s plan to reinforce operational excellence while continuing its progress on strategic...
Study shows April rent payments delayed
A study by the National Multifamily Housing Council (NMHC) using data provided by 5 leading property management software (PMS) providers found a 12-percentage point decrease in the share of apartment households that paid April...
Rate Desk April 7, 2020
April 7 edition
DJIA up 22,789
V-shaped recovery possible
Stocks on track for 2-day win
US Treasury opened at .77
FHA 223(f) tightened 2.57%
FHA 221(d)(4) still 3.30%
Fannie 3.36%
Freddie 3.44%
Freddie requires...
Apartment industry calls on Congress to provide additional support to residents, rental owners and...
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate Congress and the Administration’s quick action on the Coronavirus Aid, and Economic Security Act, (CARES Act). While many of its provisions...
Central Coast California multifamily asset sells for $25.25 million
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Del Sol Apartments, a three-parcel, 121-unit apartment community in Seaside,...
