Quiet Deal of the Week: Washington DC Apartment Building Note Portfolio For Sale
March 2, 2010 by Neil · Leave a Comment
Washington D.C. apartment building note portfolio for sale – 200+ units.
This is a new off-market portfolio of apartment complex notes in Washington D.C. – different from past Washington D.C. apartment building note portfolios that we have marketed and sold.
The portfolio is for mortgage notes on multifamily properties.
This apartment building mortgage portfolio deal is only [...]
The Unintended Consequences of Security Cameras on New York City Apartment Buildings
January 29, 2010 by Neil · Leave a Comment
New Year’s Day, 2010: A time for celebration, resolutions, and…a huge fight along Albany Avenue, in the Bedford-Stuyvesant section of Brooklyn. Police arrived to disperse the crowd, and break up the fight. Davial Rowe and Nagi Benson were charged with assaulting a police officer. Surveillance footage from a camera mounted on a nearby apartment building [...]
New York City Cash To Help Apartment Building Investors?
January 23, 2010 by Neil · Leave a Comment
New York City’s Department of Housing Preservation and Development, or HPD, will lend $750 million over the next five years to qualified investors of 267 buildings containing 3,564 apartments that are deep in a state of disrepair and in or close to foreclosure. According to HPD, 100,000 apartments citywide are in buildings that are upside [...]
Who May Be Providing 60% of All Financing for New York City Commercial Real Estate?
January 20, 2010 by Neil · Leave a Comment
Foreign banks now provide more than 60 per cent of all debt financing for commercial real estate. The predominant player among these lenders: Bank of China. Fannie Mae and Freddie Mac, along with life insurers, provide the overwhelming majority of the other 40 percent.
Bank of China and other foreign lenders are taking advantage of underwriting [...]
