People on the move: Nov. 3 Housing starts fall more than expected, permits steady People on the move: April 14 SunTrust, BB&T could become CRE lending powerhouse in the Southeast SunTrust, BB&T could become CRE lending powerhouse in the. BB&T’s acquisition of SunTrust may make the combined company more of a contender in regional. Ravi Kakarla gefllt das. The era of "buy what we have" is over. Quality service.Housing starts were expected to fall to 610,000 in December from a revised 651,000 in November. Housing permits in December. markets and on banks lending more freely. Another factor is the ongoing.
· Green investments are gaining in popularity in the multifamily housing sector as apartment property owners are finding a range of loan financing options through Freddie Mac and Fannie Mae’s green incentive programs. review these programs to decide on which one you may qualify for when renovating.
Cap rates on U.S. apartment properties have remained in the 5-percent range since 2017. Multifamily investors remain willing to pay low cap rates. | National Real Estate Investor
Apartment developers have an important resource to help them secure reduced Fannie Mae financing-the Green Building Initiative. By certifying a new construction or existing building with GBI’s Green Globes certification system, buildings qualify for a green loan at preferential rate. In 2016, GBI helped 89 buildings receive lower financing costs by earning a Green Globes
This initiative will target properties where at least 60 percent of the units are serving tenants at 60 percent of average median income or less. Fannie Mae aims to provide below-market-rate financing for properties that meet the Healthy Housing standards. As the leading source of financing in the multifamily sector,
Average mortgage rates hold steady amid global trade disputes Average mortgage rates hold steady amid global trade disputes market reaction to the trade dispute with China led to a modest decline in mortgage rates this week, but that shouldn’t affect home sales in the coming months, Freddie Mac said.
Brian Liske is a Managing Director at Greystone, based in the firm’s Atlanta and New York offices. He hires, trains and leads an active network of commercial loan originators in the Northeast and Southeast, with a focus on Fannie Mae and Freddie Mac loan products tailored to meet the needs of investors in multifamily properties.
The largest lenders in housing, Fannie Mae and Freddie Mac, expect to break more records in 2016 in their lending on multifamily properties. They both had a very busy 2015, and according to John Cannon, senior vice president of multifamily production, sales and marketing for Freddie Mac, “I think our activity is going to be higher in 2016.
Trump nominates affordable housing official as HUD general counsel CoreLogic appoints COO Frank Martell as president and CEO Irvine-based CoreLogic has named frank martell its. value of about $3.3 billion. Martell joined CoreLogic as chief financial officer in 2011 and became chief operating officer in 2014. He had taken.
Fannie Mae introduces healthy housing rewards Initiative for Affordable Multifamily Properties May 24, 2017 WASHINGTON, DC – Fannie Mae announced its Healthy Housing Rewards initiative aimed at providing a financial incentive for borrowers who incorporate healthy design features for newly constructed or rehabilitated affordable multifamily.
People on the move: May 17 Fred Williams was named vice president of the commercial lending department of Fidelity Bank of Florida. If you could trade places with one person for a day, who would it be and why? Maybe a younger.
· Financing a Multifamily Home Financing a Multifamily Home. The minimum down payment on conventional loans is usually 15 percent for two-unit properties, and 25 percent for those with three or four units, he said. Freddie Mac’s Home Possible program does allow lower down payments of 5 percent on a duplex and 10 percent on three-.