Kendall provides Long term fixed Rate Affordable Senior Housing Refinance in California and a market rate rental in Arizona

The property provides 46 units of affordable housing for seniors in a small rural town in California. The seniors rents are supplemented by Housing Assistance Payments from HUD.

The borrower fixed the rate for 16 years and paid off a balloon loan due on the property.

Arizona $2,000,000 market rate rental apartment purchase loan provided by Kendall Realty

Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F, FNMA DUS, FNMA Small Apartment Loan rates news RATES

Will Congress closing #FNMA #Freddie home Loans increasing down payments and interests rates benefit landlords?

Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) have reached a plan which will wind down and eliminate Fannie and Freddie and raise home loan rates

Congress in its wisdom has decided to increase interest rates for home loans and increase the deficit. Under this plan down payments will go up and without any insurance from the government the historically successful USA home lending program will be gutted causing a boom in rents and windfall profits for apartment landlords.

Shares of Fannie Mae (NASDAQOTCBB: FNMA  ) fell by an astonishing 40% and Freddie Mac (NASDAQOTCBB: FMCC  ) was not far behind dropping 30%, as a result of the announcement of the bi-partisan bill posed by the Senate Banking Committee to begin winding downing the two government sponsored entities.

The federal government took over Fannie and Freddie after propping them up with a $187 billion bailout. Since the bailout the Treasury department has turned a profit from its investment in the lenders.

Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F, FNMA DUS, FNMA Small Apartment Loan rates news