Jul
14
Protected: Real Estate Graduate Call 7-14-08
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Jul
14
CREDIT CRUNCH CUTS DEFEASANCE ACTIVITY
The article below from Apartment Finance Today describes the current status of defeasance activity for CMBS loans. For those unfamiliar with these terms CMBS stands for Commercial Mortgage Backed Securities and defeasance is the process of removing a loan within a portfolio of loans that has been sold to a financial firm which, in turn, sells securities backed by the portfolio of commercial mortgages all of which prohibit early prepayment unless the holder of the mortgage is guaranteed the return from the mortgage for a certain period of time. Defeasance […]
Jul
14
ON THE MAP
Check this article for several websites that will be helpful to landlords wanting information about competitive rents and vacancy factors in their area and also helpful ideas for marketing your apartment units. New applications are putting your properties all over Internet maps. You’d better know how your units plot out. Source: MULTIFAMILY EXECUTIVE MAGAZINE Publication date: June 1, 2008 By Joe Bousquin, a freelance journalist living outside Sacramento, Calif. Curious to see how your rents stack up against the competition? Log on to Rentometer.com, an apartment mapping tool aimed at […]
Jul
14
MAGIC KINGDOM – ORLANDO, FLORIDA
This article discusses the sort and long term prospects for the apartment market in Orlando, FL. There should be no question that a market with as large a tourism draw will perform well over the long run but the big question is when is it time to jump into this market that has been heavily effected by the negative short term impacts of the sub prime loan crisis and the overbuilding of condow in Florida. Although short-term fundamentals lag, the long-term outlook remains positive for apartment owners in Orlando. Source: […]