This article describes the new Fannae Mae refinance program designed to make it easier for borrowers in conduit loans with yield maintenance requirements to aquire a committment to refinance the existing loan and borrow additional funds prior to paying off the conduit loan. APARTMENT FINANCE TODAY • July/August 2008 Fannie Mae has finished developing Refi Plus, a portfolio retention tool that it plans to introduce by the end of 2008. The program allows borrowers to lock in rates for refinancing existing Fannie Mae loans up to two years in advance […]
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FANNIE MAE ANNOUNCES MULTIFAMILY FINANCING MODIFICATIONS
July 30, 2008 in COMMERCIAL R.E.
The following article published in Multi Housing News Daily summarizes some recent changes in Fannie Mae’s apartment financing programs. Investors seeking financing for apartment projects would be well advised to investigate the programs offered by Fannie Mae and Freddie Mac since they have become very popular since the collapse of the CMBS financing markets. Fannie Mae Announces Multifamily Financing Modifications, Record $2B in First Half Volume Published: July 29, 2008 By Keat Foong, Executive Editor, MULTI HOUSING NEWS DAILY Half Moon Bay, Calif. — Fannie Mae is working on a […]
TIMES SQUARE IS AT THE CENTER OF THE GREEN BUILDING MOVEMENT
July 30, 2008 in COMMERCIAL R.E.
This article describes major projects recently built or to be built in Times Square and other areas in New York City that are at the forefront of the Green Building movement. this movement is gaining strength from major corporations who want to own or occupy green buildings to enhance their images among yournger employees and customers and among the growing numbers of citizens who favor the building of more environmentally friendly developments. BY: Matt Valley – NATIONAL REAL ESTATE INVESTOR – Jul 1, 2008 The dramatic transformation of Times Square […]
MOODY’S: PROPERTY PRICES DOWN THREE MONTHS IN A ROW
July 29, 2008 in COMMERCIAL R.E.
The following article summarizes Moody’s analysis of commercial property values in the U.S. One should not conclude that the value of any particular property has declined based on these figures since this is a fairly new analysis and its applicability to any particular property is yet to be estblished. By Poonkulali Thangavelu NATIONAL REAL ESTATE INVESTOR Jul 24, 2008 Commercial real estate prices were down 3.5% nationwide at the end of May, from the previous month, according to Moody’s Investors Service Commercial Property Price Index. This represents three consecutive months […]