Oct
6
COMMENTS ON THE BAILOUT
These comments are by the Urban Land Institute and Sam Zell regarding the “bailoutâ€? or “rescueâ€? bill just approved by Congress and signed by President. They were published in “Feedblitzâ€? on September 26, 2008 ULI’s Analysis of the Bailout I found this commentary very compelling. Does this bailout just help Wall Street? If the Treasury buys bonds–including CMBS bonds–will that do anything to help the end borrower at all? Who is actually getting bailed out here? I’ve heard a lot of support for the bailout from various forces in commercial […]
Oct
6
MULTIFAMILY INTEREST RATES STAY LOW
This article, published on September 25, provides information on interest rates for multi-family properties as of that date Multifamily Interest Rates Stay Low Amid Financial Turmoil By Keat Foong, Executive Editor, Multi-Housing News, September 25, 2008 Chicago—Interest rates remain relatively low for multifamily permanent loans at the moment despite the turmoil in the financial world. Sue Blumberg, senior vice president and managing director in the Chicago office of NorthMarq Capital, says that spreads for Fannie Mae financing have for the most part held steady. For Freddie Mac financing, spreads have […]
Oct
2
How the Bailout Will Affect Housing
I’ve posted a few thoughts on the Bailout and thought I would post a few experts thoughts on exactly how this is going to affect the housing market. The first comment is by an analyst that follows and researches the housing market while the second comment is from a housing market insider that works in the industy. Home Builders Have Mixed Views on Bailout Will the bailout help home builders whose business has been gutted by falling values? Paul Puryear, a home-building analyst at Raymond James & Associates, says yes. […]
Oct
2
Bailout Plan Revisited
I have been reading quite-a-bit about the huge government bailout, and I am finding many of the articles are long, drawn-out and hard to understand. Many of you may be struggling to understand exactly what all is involved in the huge bailout and how it will affect you. The note below is a fairly concise read on where we are and what we can expect over the next few days. As of this writing, the Senate had approved the revised plan and a vote is expected in the House of […]