Multifamily fundamentals in particular have improved, though not quite back to where they were during the more flush days of the mid-2000s. During 3Q10, average apartment vacancies nationwide were 7.7 percent, compared with 5.8 percent during 3Q07. Yet among property types, apartments are the healthiest in terms of 3Q10 vacancies:
Commercial Mortgage Chicago
FHA 232 LEAN - FHA 242 - Build Amercia Bonds FHA 242/223 F Hospital Refinance
Thursday, December 30, 2010
Tuesday, December 28, 2010
Loan Rates Rising Treasury in SELL OFF
Apartment Loan rates have risen in the last month with rising US treasury rates. For apartment loan programs http://bit.ly/Wrs4l Scott (847) 903-7578
Ten and thirty year treasuries are in a sell off losing over one point today with rates rising about 15 basis points
The ten year treasury is now at 3.46% from 3.33% earlier today and near 2% a few months ago.
FHA 223 F rates have risen the least since they are wrapped with GNMA insurance and are rated AAA. FHA 223 F loan can still be locked below 5% for a 35 year loan.
FNMA and Freddie Mac rates have risen more since there is uncertainty of their future credit rating when the government stops backing them up. Currently large apartment loan rates are about 5.45% for Seven Years and about 5.90% for ten year loans.
FNMA small apartment loans are now running over 6% for ten years.
Several clients have reported bank quotes of 50% to 60% loan to value and twenty year amortizations, offered by several large Midwestern regional banks.
Ten and thirty year treasuries are in a sell off losing over one point today with rates rising about 15 basis points
The ten year treasury is now at 3.46% from 3.33% earlier today and near 2% a few months ago.
FHA 223 F rates have risen the least since they are wrapped with GNMA insurance and are rated AAA. FHA 223 F loan can still be locked below 5% for a 35 year loan.
FNMA and Freddie Mac rates have risen more since there is uncertainty of their future credit rating when the government stops backing them up. Currently large apartment loan rates are about 5.45% for Seven Years and about 5.90% for ten year loans.
FNMA small apartment loans are now running over 6% for ten years.
Several clients have reported bank quotes of 50% to 60% loan to value and twenty year amortizations, offered by several large Midwestern regional banks.
Thursday, August 12, 2010
Apartment Loan Rates FHA 223 F FNMA Small Apartment Loans
FNMA DUS Apartment Loan 10yr / 9.5 - 4.73% - 7yr / 6.5yr yield main. 4.51% - (8/12/10)
FHA 223 F 4.50% 35years FNMA Small Apartment Loan about 5%.
Non Recourse seven and ten year balloon loans
FHA 223(f) thirty fives year fixed rate loans should have broken 4% plus MIP
$5,000,000 and up
FNMA Small Apartment Loans less than $5 million starting at $750,000 Chicago FNMA Selected Cities
Scott Kendall (847) 903 7578 kendallrealty@gmail.com
Chuck Kendall (773 259-7074 kendallrealtyadv@gmail.com
Tuesday, August 10, 2010
Apartment Loan Rates FNMA DUS - FHA 223 F - FNMA Small Apartment
Apartment Lender Rates FNMA DUS Apartment Loan 4.88% 10yr / 9.5 - 4.70% 7yr / 6.5% FHA 223 F 4.50% 35years FNMA Small Apartment Loan a little above 5%.
Non Recourse seven and ten year balloon loans
FHA 223(f) thirty fives year fixed rate loans
$5,000,000 and up
FNMA Small Apartment Loans less than $5 milling to $750,000 Chicago FNMA Selected Cities
Apartment Loans
Scott Kendall (847) 903 7578 kendallrealty@gmail.com
Chuck Kendall (773 259-7074 kendallrealtyadv@gmail.com
Non Recourse seven and ten year balloon loans
FHA 223(f) thirty fives year fixed rate loans
$5,000,000 and up
FNMA Small Apartment Loans less than $5 milling to $750,000 Chicago FNMA Selected Cities
Apartment Loans
Scott Kendall (847) 903 7578 kendallrealty@gmail.com
Chuck Kendall (773 259-7074 kendallrealtyadv@gmail.com
Thursday, August 5, 2010
FHA Multifamily and Healthcare get approval for $5 Billion more in loans
The Committee on Healthcare Financing circulated a bulletin this morning announcing the Senate passed HR 5872, the General and Special Risk Insurance Funds Availability Act of 2010, providing the additional $5 billion of Commitment Authority needed to handle HUD’s estimated multifamily/healthcare caseload through FY End 2010 (September 30, 2010).
Next and final steps: The Bill will hit the President’s desk and we understand it’s expected to be signed by week’s end.
FNMA Small Apartment Loans rates about 5.50% $750,000 and up 5 or more units Chicago Area Non Recourse upfront costs only $4,500 for appraisal, legal all reports prior to rate lock. This program is HOT right now!!!
Next and final steps: The Bill will hit the President’s desk and we understand it’s expected to be signed by week’s end.
FNMA Small Apartment Loans rates about 5.50% $750,000 and up 5 or more units Chicago Area Non Recourse upfront costs only $4,500 for appraisal, legal all reports prior to rate lock. This program is HOT right now!!!
Sunday, August 1, 2010
FNMA Small Apartment Loans Chicago Closed Kendall Apartment Loan
Kendall Realty Advisors LLC closes FNMA small apartment loan Evanston, IL
Loan amount $750,000 plus, term 10 years, rate under 5.60% Non-Recourse
Only $4,500 application fee includes appraisal, engineering and legal for deals exceeding $750,000.
Closings within two to three months of loan application sizing.
Rates set two weeks prior to closing
Loan amount $750,000 plus, term 10 years, rate under 5.60% Non-Recourse
Only $4,500 application fee includes appraisal, engineering and legal for deals exceeding $750,000.
Closings within two to three months of loan application sizing.
Rates set two weeks prior to closing
Tuesday, July 6, 2010
FNMA Small Loans FHA 223 F Freddie Mac Apartment Loan News
Updated Commercial Lending Rates for Apartment Loans
Fannie Mae Small Apartment Loans 5.60% over $1 Million 5.7% under $1 Million rate lock in approximately four weeks ten year term non-recourse loan up to 75% Cash Out - 80% Purchase FNMA large rates about 20 to 25 basis points lower.
Apartment Loan Rates FHA 223 F 4.75% fixed rate 35 year term non-recourse Max Loan 75% LTV for Cash Out - 85% for purchase and no Cash Out Refinance transactions processing time about five months.
Healthcare Loans using FHA 232/223(f) 4.85% fixed for 35 years.
Fannie Mae Small Apartment Loans 5.60% over $1 Million 5.7% under $1 Million rate lock in approximately four weeks ten year term non-recourse loan up to 75% Cash Out - 80% Purchase FNMA large rates about 20 to 25 basis points lower.
Apartment Loan Rates FHA 223 F 4.75% fixed rate 35 year term non-recourse Max Loan 75% LTV for Cash Out - 85% for purchase and no Cash Out Refinance transactions processing time about five months.
Healthcare Loans using FHA 232/223(f) 4.85% fixed for 35 years.
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