Wednesday, April 23, 2014
Low Interest Rates Hanging on for now
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
Monday, April 21, 2014
Apartment permanent Loan Rates - FHA now 4.35% 35 years - New Bridge Loans for FNMA exit min. $1,500,000
Apartment Permanent Loan Rates
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
Friday, March 14, 2014
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.
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F, FNMA DUS, FNMA Small Apartment Loan rates news RATES
Wednesday, March 12, 2014
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
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
Thursday, January 16, 2014
Apartment Loan Rates FHA 223 F FNMA DUS slightly lower than last week
847 903- 7578 Scott
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
Monday, December 30, 2013
2013 the year of Scandals - Crystal Balls Proved Reliable for Predicting CRE Market Performance in 2013
Commercial Lending Sales close to 2008
Interest rates up over 1% in last year
Crystal Balls Proved Reliable for Predicting CRE Market Performance in 2013 - CoStar Group
Through the third quarter of this year, investment sales were up 27%, according to CoStar COMPs data. Industrial investments were up 56% and office up 27%; however, multifamily investments tapered off this year and were actually down about 6%.
Predictions - Apartment purchases will pick up early in the year using FNMA loans and lines of credit - FHA 223 will be used primarily for refinances of strong borrowers with good liquidity and non-profit borrowers with good balance sheets due to its long processing time
Then FED taper will bring 50 bases points higher interest rates for ten year loans resulting in sales and refinances slowing in the second half of the year
Total loan balances for all banks in the third quarter were $154.2 billion less than in 2008.
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
2013 the year of Scandals
Due to the overabundance of scandals, please don’t be disappointed if your personal favorite scandal did not make the list.
Through the third quarter of this year, investment sales were up 27%, according to CoStar COMPs data. Industrial investments were up 56% and office up 27%; however, multifamily investments tapered off this year and were actually down about 6%.
Predictions - Apartment purchases will pick up early in the year using FNMA loans and lines of credit - FHA 223 will be used primarily for refinances of strong borrowers with good liquidity and non-profit borrowers with good balance sheets due to its long processing time
Then FED taper will bring 50 bases points higher interest rates for ten year loans resulting in sales and refinances slowing in the second half of the year
Lending remains behind pre-recession levels
Total loan balances for all banks in the third quarter were $154.2 billion less than in 2008.
During
that time frame, loans at banks with assets of less than $1 billion
grew by $28.4 billion, or .7 percent annually, while loan balances for
banks with more than $1 billion in assets decreased by $182.8 billion,
or .4 percent.
At the same time, total assets for all banks grew by nearly $1.3 trillion, or 1.9 percent.
Much of that asset growth came from securities, or investments, that could pose a problem for banks in the future.
More
and more of those purchased securities are long-term [five years or
longer], and they could be problematic as interest rates rise in the
future.
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
2013 the year of Scandals
Due to the overabundance of scandals, please don’t be disappointed if your personal favorite scandal did not make the list.
Wednesday, November 20, 2013
new Small balance loans - fix/rehab type loans Chicago Suburbs Scott 847-903-7578 Chuck 773-259-7074
Small balance loans and focus on "story book" type
loans which need to close fast and loans that banks will not fund on (i.e. broken condos, fix/rehab type loans, etc).
Kendall Contacts
Or the standards for existing apartments FNMA and FHA RATES Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
Kendall Contacts
Or the standards for existing apartments FNMA and FHA RATES Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news
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