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“I’ve seen firsthand the stimulus of tax credits on the affordable housing industry and how they help to create quality homes," says Monarch Private Capital's Sean Cammann.
As part of a larger sweeping government reorganization plan, the Administration is seeking to increase private market competition in the mortgage finance system. Meanwhile FHFA wants to establish new capital requirements in the enterprises’ mortgage guarantees and portfolio holdings.
Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.
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Watch our exclusive TV interview with Jeff Holzmann, managing director of funding platform iintoo.com.
“We are seeing a lot of opportunities across our bank footprint and nationally, our multifamily lending base continues to be robust,” says Paul Woodworth, senior vice president and head of agency lending for SunTrust.
“There is a lending void in specific segments of commercial real estate, especially those under $5 million in size,” says Ben Easterlin V, senior vice president of commercial lending at Angel Oak, and managing director of the new commercial lending arm.
The rehabilitation plan includes a fast-paced construction phase, estimated to be complete within 24 months, during which no residents are expected to be permanently displaced.
Fewer scheduled maturities are among the reasons that the Mortgage Bankers Association expects originations to decline slightly this year, says MBA's Jamie Woodwell.
A roundup of the latest leases, sales and other transactions in the Northeast middle markets.
A roundup of recent deals, leases, executive moves, and other news from the past week.
From Walker & Dunlop
Get the latest economic updates, market news, and trends in the multifamily space. Topics cover student housing, a spotlight on Washington, D.C. and more.
From CREyield
It is expected that for 2021, 80% of the properties will likely have tax appeal merit. Discover how automation solutions could cut your contingency fees by up to 90% and save you thousands.
From essensys
This IDC Infobrief, sponsored by essensys, unveils the evolution and expansion of the flexible office market and how some of the leading global brands are looking at critical components such as customer experience, security and brand.
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