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Big Changes (and Opportunities) for Fannie Mae and Freddie Mac Multifamily Heading into the New Year

By Andrew Edelstein, Categories CRE News

The two GSE’s (government sponsored entities) have historically been one of the major capital sources for multifamily finance in the United States. Since being taken under conservatorship in 2008, both FNMA and FHLMC have been regulated by the Federal Housing Finance Agency (FHFA) – the governing agency that determines the annual lending capacities of both. If you’re an investor or other … Read More

COMMLOAN’S APPROACH PROVIDES INVESTOR CERTAINTY DURING AGENCY PULL-BACK

By David Luke, Categories CRE News

Property
Multifamily in Phoenix, Arizona

Opportunity
CommLoan was working with a multifamily syndicator on the acquisition financing for a property lease up. The investor preferred permanent financing rather than bridge, which required a T-1 waiver from the potential lender. Due to the agency pull-back in August, waivers were not being granted on these types of deals for that period.

Solution
CommLoan was … Read More

COMMLOAN SECURES FINANCING THROUGH SAME LENDER WHO TURNED DOWN SPONSOR DIRECTLY

Property
Single Family Home Portfolio in Phoenix, Arizona

Opportunity
The sponsor originally went directly to their bank requesting to refinance their SFH portfolio. Even though the sponsor had an existing banking relationship, the sponsor was unsuccessful in getting their refinance approved. The sponsor heard about CommLoan from a broker contact and decided to give us a try.

Solution
Utilizing the platform … Read More

Leverage Technology to Deliver a Better User Experience

The wheel was invented around 5,000 years ago, but it was another 4,900 or so years before the first mass-produced automobile rolled off the line. Humans flew to the moon 66 years after that. Twenty-two years later the World Wide Web came online and just six years after that, the first social network was born. One of the key features of the Digital Age – … Read More

COMMLOAN HELPS INVESTOR SECURE FLEXIBLE OPTIONS

Multifamily in Phoenix, Arizona

Opportunity
The sponsors had worked with CommLoan in obtaining the bridge financing for the acquisition and the rehab for the property. The rehab was just completed, and the sponsors were unsure if they wanted to sell or refinance the property based on the current market conditions.

Solution
CommLoan was able to recapitalize resulting in $250,000+ cash back to the … Read More

MULTIFAMILY CONTINUES TO RULE CRE

By CommLoan Admin, Categories CRE News

Original Article: August 13, 2019 GlobeSt.com

IRVINE, CA—The multifamily sector showed the most robust growth amongst all CRE sectors—multifamily, office, industrial, retail and hotel—in the first quarter of 2019, according to Ten-X Commercial’s Multifamily Market Outlook.

The first quarter of 2019 marked the first time in five years there was a decline in the number of … Read More

Multifamily Remains Top Investment Asset Class

By CommLoan Admin, Categories CRE News

Original Article: June 11, 2019 GlobeSt.com

Multifamily continues to be the top target asset class for investors. According to a new report from AppFolio, most investors are planning to allocate capital to multifamily investments this year, followed by office and industrial asset classes. Of the investors surveyed, 68.3% said they are planning to put investment dollars … Read More

COMMLOAN HELPS BORROWER SECURE AN AGGRESSIVE 10 YEAR RATE

Multifamily in Grand Junction, Colorado

Opportunity
The Borrower was seeking a permanent loan to pull some cash out of his hotel-to-apartment converted property. He had worked with other reputable mortgage brokers in the past year, but was unable to procure the terms he was looking for.

Solution
Utilizing the CUPID platform, CommLoan was … Read More

Hospitality and Multifamily Are Merging

By CommLoan Admin, Categories CRE News

Original Article: May 21, 2019 GlobeSt.com

The worlds of hospitality and multifamily are becoming more intertwined. Multifamily owners are incorporating more amenities and services into properties to drive occupancy and rents. Today, people are renting later into life and want a high-end living experience. These services include concierge services, furnished units and short-term rentals.

“The labor … Read More

COMMLOAN HELPS BORROWER SECURE 95% OF TOTAL PROJECT COST

Multifamily in Phoenix, Arizona

Opportunity
The Borrower was interested in acquiring a multifamily property in Phoenix. Although the building was stabilized and produced cash-flow, the Borrower saw the potential of making some additional improvements. The Borrower needed a lender that would be able to provide not only a competitive rate, but also enough loan proceeds to cover the rehab costs.

Solution
With the … Read More