Capital One, McLean, Va., provided a $27.4 million Fannie Mae fixed-rate loan for The View at North Peak, a 288-unit affordable community in Denver suburb Northglenn, Colo.
Tag: Multifamily
Concessions Rise as Rental Market Softens
Rental concessions are now nearly twice as common as in February as apartment owners strive to attract new tenants in a softened market, said Zillow, Seattle.
Longer-Term Challenges to Multifamily Risk Outlook Emerge
he multifamily sector made it through the first half of the year with less turmoil as some anticipated. But the pandemic could create longer-term challenges for the sector, said Phoenix American, San Rafael, Calif.
Dealmaker: Walker & Dunlop Arranges $52M Bridge Loan
Walker & Dunlop, Bethesda, Md., arranged $51.8 million in bridge financing for The Rise Central, a newly built 230-unit apartment property in downtown Beaverton, Ore.
Pandemic Likely to Have ‘Meaningful Impact’ on Multifamily Market
Freddie Mac, McLean, Va., predicted marginal reductions in rents and increased vacancies as the multifamily market responds to the COVID-19 pandemic’s economic effects.
FHFA: Multifamily Owners in Forbearance Must Inform Tenants of Eviction Suspension, Tenant Protections
The Federal Housing Finance Agency announced Thursday multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac who enter into a forbearance agreement must inform their tenants about protections during the property owner’s forbearance and repayment periods.
Zillow: Missed Rent Payments May Balloon as Boosted Aid Expires
Enhanced government unemployment aid expired last week, meaning more apartment renters could miss payments in coming months, said Zillow, Seattle.
Zillow: Missed Rent Payments May Balloon as Boosted Aid Expires
Enhanced government unemployment aid expired last week, meaning more apartment renters could miss payments in coming months, said Zillow, Seattle.
Fiorilla: Tourism Metros Slow to Recover from COVID
Tourism and energy were among the sectors to bear the early brunt of COVID-19, as shelter-in-place orders that started in March closed many office buildings and entertainment venues around the country.
Dealmaker: Hunt Real Estate Capital Provides $37M in Fannie Mae, Freddie Mac Funds
Hunt Real Estate Capital, New York, provided $37.2 million in Fannie Mae and Freddie Mac funds for Texas and Minnesota multifamily properties.