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News of interest to our Multifamily and Healthcare Property Real Estate Clients
Lending Terms Financial Statements Property Types HUD Definitions Lending Terms Cap. Rate The cap rate is shorthand for Capitalization Rate. Often, an 8% Capitalization Rate will be referred to as an “8 Cap.” The Cap. Rate is the expected return … Read More
WHAT IS ASSISTED LIVING? Assisted living facilities are for people needing assistance with the basic Activities of Daily Living (ADLs) but wishing to live as independently as possible and for as long as possible. Assisted living exists to bridge the … Read More
In making plans for the rest of 2017 everyone in the mortgage business expects some volatility with interest rates. We believe rate hikes are in the near future due to mounting terror attacks, home sale declines due to lacking supply … Read More
New-Home Building Is Shifting to Apartments Share of Housing Construction as Rental Apartments at Highest Level in at Least Four Decades (source from www.online.wsj.com) The share of new homes being built as rental apartments is at the highest level in … Read More
From the staff at the MBA (Mortgage Bankers Association) Summary of Select Provisions in Chairman Camp’s Tax Proposal that Relate to Commercial/Multifamily and Residential Real Estate Finance February 2014 Introduction On February 26, House Ways and Means Chairman David Camp (R-MI) … Read More
Many people have asked “What does the HUD multifamily reorganization mean and how will it affect processing?”. We believe that this reorganization was needed and will help improve processing times by streamlining and identifying deals that need to go to … Read More
From HUD’s webmail: WE ARE REDUCING OUR UNDERWRITING QUEUES!!!! LENDERS CAN HELP We are quickly working our way through our underwriting queues, both in “prepping” projects while in our queues, and in the assignment of underwriters. As we move deeper … Read More
Wall Street Journal – By A.D. PRUITT And DAWN WOTAPKA Some of the leading U.S. developers of malls and office properties are moving into the apartment business, where demand for new projects is stronger than any other commercial-real-estate sector. Fueled … Read More
FOR HOSPITAL REFINANCE AND ACQUISITION Since the inception of the hospital insurance program it could only be used for new construction or substantial rehabilitation projects. HUD is now allowing the refinance program subject to the rules of 242/223(f). Please call … Read More
During February meetings with HUD staff we learned that there is a real push to reduce processing times for multifamily loans. HUD is taking a hard look at staff and offices that produce more loans with less staff than those … Read More