Kendall Realty Advisors Loan Program

Showing posts with label COMMERCIAL MORTGAGE. Show all posts
Showing posts with label COMMERCIAL MORTGAGE. Show all posts

Thursday, October 27, 2011

HUGE MOVE UP ON RATES TODAY APARTMENT LOAN COMMERCIAL MORTGAGE

apartment loan rates

Thursday, September 8, 2011

Apartment Lender Apartment Loan Pricing

FANTASTICALLY - LOW RATES - BEST RATES SINCE 1958!

Tuesday, September 6, 2011

#Apartment #Loan #Rates hit new #lows.

Apartment, lender, FHA 223 f - FNMA commercial mortgages best service/rates Apt.loans JV 30 years in commercial RE Kendall Realty - Apartment Loans http://bit.ly/Wrs4l

The yield on the benchmark ten-year note hit a record intraday low of 1.929% today.
Despite ending the session well off its lowest levels of the day, the ten-year yield still set at a new record closing low of 1.97%. This is the first time it has broken 2% since the 1950's.

Tuesday, August 16, 2011

Apartment Lender Loan Closing Chicago

Kendall Realty Advisors close four apartment loans using bank financing.

Kendall arranged a commitment on eight apartment buildings and the first phase closed.

The loans were for apartments and mixed use buildings. One of the buildings contains the office of a US Congressman. The borrower requested a five year fixed rate loan and low prepayments.

Kendall was able to arrange five year fixed rate loans at 5.25% with one property at 0% prepayment and the rest with a half of one percent prepayment.

Unlike the loan we placed on the Glenlake Apartment Chicago MB Bank which had a yield maintenance prepayment penalty and was only three years long. Although MB was the only bank in town that woul

Saturday, August 6, 2011

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.


Kendall arranges $2,100,000 first mortgage on Glenlake Apartments. The property was original rehabbed at a cost of close to $5,000,000 but the condo lender Private Bank discounted the loan by $1,000,000 and released another $500,000 from the property loan.

The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.

Monday, July 18, 2011

Apartment Loan Rates Remain Low as Debt Ceiling Debate Continues

Apartment Loan Rates FHA 223(f) near 4% Fixed 35 year loan
FNMA DUS Ten Year Loans in Low 5% plus range


Small Apartment Loans 10 year fixed around 5.50%

As the deadline gets closer on the debt ceiling

Gold has hit a record high above $1,600 an oz.
I trust that they will all get their act together this
Week.

Thursday, June 30, 2011

#ApartmentLoan Rate - End of QE2 - #DebtCeiling #Amageddon

Ten year treasuries rates hit a recent high of 3.15% due to QE2 - #DebtCeiling #Amageddon

If no agreement is reached a #CreditDefaultSwap  #Amageddon will hit those who that backed the buck.

Rates : #FHA #Fannie Mae DUS#FreddieMac: http://t.co/eYzcVNS

Thursday, June 16, 2011

Apartment Loan Rates

Ten year treasuries rally rates go down to 2.91% Apartment loan rates will follow shortly once the spreads normalize if treasuries stay down.

FHA 223 f loans 4% 35 years non recourse $2.5 million and up.

FNMA and Freddie Mac offering super low rate CAPPED ARMs call for details (847) 903-7578

Scott

Friday, June 3, 2011

LOw very Low Rate on Apartment Loans don't miss your chance for historic savings

Interest Rates have fallen below 3% for ten year treasuries leading to near the lowest apartment loan interest rates in history. You can lock in FHA 223 f loans for 35 years in the low 4% range.
 #FHA #Fannie Mae DUS#FreddieMac: http://t.co/eYzcVNS
FNMA Freddie Mac near historic lows on rates

Wednesday, May 11, 2011

Notes from Michael McRoberts, VP of Multifamily Production & Sales, Freddie Mac conference call

The national apartment market has moved off its bottom, and apartment occupancy and rent fundamentals are in a perfect storm upward thanks to the single family predicament, pent up demand and the low apartment building starts during the great recession. 


Freddie Mac would like to expand Student Housing Lending and Senior Housing perm. loan production due to great results with the portfolio.


The percentage of apartment purchase loans to refinance loans has increased to one third from twenty five percent 2010. Total Multifamily perm. volume expected to rise this year. Freddie Mac off to slow start but expect big finish based on lender pipelines, hoping to exceed its $16 Billion multifamily goal for 2011.  Insurance companies are back expected to loan $10 billion but due to higher volume of loans not cut into agency volume, FHA and Fannie Mae also   holding 2010 market share.


Surprisingly 1 in 7 new Freddie Mac loans is a Capped Arm with interest rates in 4 +% range and interest rate caps at 6.25%, but very flexible prepayment terms.


Overall apartment occupancy and net incomes are up, apartment loan production should exceed 2010. Most loans are being sold using the capital markets/MBS style transactions which pool the loans then slice the cash flow priorities on the loan pools and sell the pooled slices of cash flow in three or more pools as senior / B Bonds / and mezz debt. This process currently produces the best rates.

Federal - FNMA FHA Freddie Mac Drop in loan limit May Hurt Upscale Housing


Bad News for Upscale For Sale Developers - Good News High End Apartment Owners
New Home Loan Limits for FNMA FHA Freddie Mac http://nyti.ms/kkKGEr
The average loan limit will fall about 15 percent, to a maximum $625,500, in area's of high median income, but not back to the lower 2008 level.
Test for private mortgage lenders , result may be larger down payments, higher credit scores
Old about 20 percent down payment on a new home new (30%?)
If a bigger deposit were required,  more renters

With the Government take over of FNMA and Freddie Mac and the decision to wind them down over ten years housing finance costs will go up much more for those over the limits.  Insured loans will see a small increase mortgage insurance premiums, Jumbo loan borrowers will have to pay the going spread for private loan pools and face strict private lender requirements. This could raise interest rates one or more percent on Jumbo loans even with the higher down payments and credit scores.


The government will no longer insure over the new limit mortgages and the historic effective interest rate savings for government or agency insurance has been estimated at about one percent during normal lending times.


The housing finance system of the future will cost more for borrowers, but the government will still provide home loan mortgage insurance for the majority of home owners in moderately priced homes.

Thursday, May 5, 2011

APARTMENT LOAN RATES HIT LOWEST LEVELS SINCE MARCH

SILVER GOLD OIL HIT SELL OFF DOLLAR UP
TEN YEAR TREASURIES GO TO 3.18% LOWEST SINCE MARCH

FHA 223(F) NOW 4.25% PLUS MIP
AGENCY RATES FROM HIGH 4% TO MID 5%
SMALL APARTMENT LOANS 10 YEARS MID 5%

APARTMENT LOAN PROGRAMS

Wednesday, May 4, 2011

Apartment Loan Rates Nationally

Small Apartment Loans 10 year fixed rate loans 5.65% $750,000 and up
Bank lending heats up 5-50 units Chicago Area 5% and up
Large Apartment Loans 10 year fixed rate FNMA 5.45% - Seven Year loan 4.96%

Rate reduction for large deal with competing Freddie quote 20 or more basis points can reduced to match other quoted rate but with a much faster delegated closing.
APARTMENT LOAN PROGRAMS

FHA 223(f) 4.5% plus MIP

Tuesday, May 3, 2011

Chicago Apartment Loan Rate National Loan Rates Apartments

FNMA 10 year apartment 5.49% - Seven Year 5.09% FHA 223(f) FHA 232 223(f) 4.5% plus MIP 

Small Apartment Loans 10 years fixed 5.67%


SEE LINK BELOW FOR UPDATES

Chicago Apartment Commercial Mortgage

Updated Posts September 2011

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