The change is carving a hole in the budgets of borrowers who need to buy or refinance apartment properties. By Bendix Anderson (NREI Online Article) — Rising interest rates are already making a difference for apartment properties. Borrowers can no longer secure the large permanent loans that they have become used to. “Delivering full-leverage loans...Continue reading »
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By Bendix Anderson (MultiFamilyExecutive.com Article) — The best places to build a new apartment building today are rarely in a major market in a bustling, mixed-use town center or downtown area, where residents can walk to amenities such as shopping, restaurants, and mass transit. These development sites, when they become available, are often far too expensive...Continue reading »
You’ll be surprised who your customers are! By Lou Castillo — As real estate investors we are taught to locate motivated sellers and buy their property well below market value. As wholesalers we are taught to sell these great deals to investors. But what happens when the market changes? With the glut of houses on the market we are seeing house values...Continue reading »
NEW YORK, NY (MultiFamilyBiz.com Article) — The value of new construction starts in April fell 13% from the previous month to a seasonally adjusted annual rate of $674.3 billion, according to Dodge Data & Analytics. The decline follows the 11% gain reported for March, which was the highest level of construction starts over the preceding six months. ...Continue reading »
Rent growth is seriously slowing down in a handful of markets. By Bendix Anderson (NREI Online Article) — While apartment rents are still growing nationally, in a few cities and submarkets rents are growing more slowly or even beginning to shrink. “The only spots where you might find effective rents dropping are in locations affected by a large number...Continue reading »
In most areas, there are just way too many people chasing after the same ol’ deals. Right? Realtors. Investors. And even first time home buyers. Just way too much competition, in my opinion. I like to profit where no one is looking. Makes it a whole lot easier and much more fun. That’s why this week, I invited a guy who is looking in the most unconventional places...Continue reading »
By Lee Arnold, CEO of Cogo Capital — If you want to simplify hard money and almost guarantee that every deal you bring in will get funded, ask yourself this one question: “If I were the lender, would I lend money on this deal?” If you look at a deal and critically think whether or not you would accrue the risk involved, you can better understand if it’s...Continue reading »
As rents in the urban core flatten, those in markets beyond are taking off. Developers and owners like Cortland, Bozzuto, and Kennedy Wilson are meeting the demand. By Joe Bousquin (MultiFamilyExecutive Article) Courtesy Draper and Kramer Draper and Kramer’s EVO Apartments in Richmond Heights is less than 10 miles from downtown St. Louis. The development’s...Continue reading »
