Washington Post, Nov. 22, 2019–Abha Bhattarai In their heyday, they were monuments to consumerism that doubled as cultural touchstone, inspiring films like “Mallrats” and board games like Mall Madness. But …
CMF Newslinks Archive
Five Tips for Securing Multifamily Financing and Articulating Your Case to Capital Providers (MBA mention)
For those seeking capital for a multifamily property, it’s important to articulate your strengths as a borrower to potential capital providers. To do so, here are five actions you can take to solidify your case for the financing you need in any economic cycle.
Real Estate Firms Rolling Out New Funds for Mom-and-Pop Investors (subscription)
Real estate giants like Blackstone Group and Starwood Capital Group have raised billions of dollars from individual investors through a product known as non-traded real estate investment trusts. These funds enable small investors to own a piece of hotels, office buildings, shopping centers and other properties typically owned by large institutions and their money managers.
CRE Industry Preps for New EB-5 Regulations
The U.S. government’s modernization of the immigrant investor program goes into effect today with new rules–most notably, an 80 percent increase in the investment minimum.
Commercial-Multifamily Briefs
Freddie Mac, McLean, Va., priced a K-C Series offering of Structured Pass-Through “K Certificate” multifamily mortgage-backed securities.
House Passes TRIA Reauthorization; Senate Banking Committee Considers Companion Bill
The House passed legislation reauthorizing the Terrorism Risk Insurance Act for seven years.
Investors Hit the Pause Button on CRE Debt Strategies
Private equity real estate funds have stepped up to be a major source of financing for the commercial real estate industry—and a bigger allocation for investors. However, fund managers may face a tougher road ahead for fundraising in the near term as capital flows to the sector slow.
Fannie and Freddie Will Likely Exit Conservatorship by 2024, Calabria Says
National Mortgage News, Nov. 13, 2019–Neil Haggerty (subscription) Federal Housing Finance Agency Director Mark Calabria said Fannie Mae and Freddie Mac are expected to be out of government conservatorship by …
Manhattan’s Rent Surge Is Cooling as Tenants Push Back on Hikes
Bloomberg, Nov. 14, 2019–Oshrat Carmiel The great Manhattan rent surge of 2019 is tapering off. Apartments leased for a median of $3,409 in October, up 0.7% from a year earlier, …
Inside a Chinese Developer’s Nearly $3 Billion Bet on the Storied Waldorf Astoria
Wall Street Journal, Nov. 13, 2019–Catherine Clarke (subscription) Frank Sinatra once paid $1 million a year for a suite at the hotel. Now its new owner is banking on the …