#Apartment #Loan #Rates hit new #lows.

Apartment, lender, FHA 223 f - FNMA commercial mortgages best service/rates Apt.loans JV 30 years in commercial RE Kendall Realty - Apartment Loans http://bit.ly/Wrs4l

The yield on the benchmark ten-year note hit a record intraday low of 1.929% today.
Despite ending the session well off its lowest levels of the day, the ten-year yield still set at a new record closing low of 1.97%. This is the first time it has broken 2% since the 1950's.

Commercial Mortgage Closings Apartments Mixed Use

Kendall Realty Advisors close four apartment loans using bank financing.

Kendall arranged a commitment on eight apartment buildings and the first phase closed.

The loans were for apartments and mixed use buildings. One of the buildings contains the office of a US Congressman. The borrower requested a five year fixed rate loan and low prepayments.

Kendall was able to arrange five year fixed rate loans at 5.25% with one property at 0% prepayment and the rest with a half of one percent prepayment.

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.

Commercial Mortgage Rates are OBSCENELY LOW

Interest Rates have fallen below 3% for ten year treasuries leading to near the lowest apartment loan interest rates in history. You can lock in FHA 223 f loans for 35 years in the low 4% range.
 #FHA #Fannie Mae DUS#FreddieMac: http://t.co/eYzcVNS
FNMA Freddie Mac near historic lows on rates

Chicago Commercial Mortgage Apartment Rates April 1, 2011

Agency Multifamily Loan Rates 10 yr 5.80% - 7 yr 5.50%
Small Apartment Loan Chicago 5.95
FHA 223 (f) 5% $3 M and up 35 yrs

Banks 5-6% 5 years

FNMA Small Apartment Loan Closes Evanston, IL

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

Chicago Commercial Mortgage Lender Rate and FHA Update

FHA may change underwriting to 1.20 DSC for 223(f) and and 221(d)(4).

FHA refinance rates are still below 5% plus MIP. FNMA small loan fixed 10 years no points about 6%.

Bank Lending Update:

A recent survey suggests banks are starting to lend again to commercial real estate developers and owners. Of the 60 banks surveyed at the MBA conference in Las Vegas earlier this month, 24 expect to lend $2 billion to $4 billion each in 2010 to the sector:


The recent fall in prices offers investors the opportunity to pick up quality assets at a substantial discount. 
 
Many people in the field think that commercial real estate is going through its last stage of the crisis, which Moody’s estimates shaved 44% to 55% off 2007 prices.

We are seeing activity with strong borrowers buying bank owned real estate.

Chicago Commercial Mortgage Specialists Kendall Realty Advisors LLC

For Apartment Loans, Assisted Living Loans, Nursing Home Loans

Commercial Mortgages in Chicago or Nationally

Contact Kendall Realty Advisors

Over 25 years providing commercial mortgages from Chicago.

http://www.kendallrealtyadvisors.com/commercialmortgages.html

FHA 223(f) Apartment Lender - 232 LEAN FHA 242/223(f) Healthcare Refinance - Apartment Loans: Small Apartment Loans Chicago

Commercial Mortgage Apartment Loan Rates now near 5% for FHA 223(f).

FHA 223(f) Apartment Lender - 232 LEAN FHA 242/223(f) Healthcare Refinance - Apartment Loans: Small Apartment Loans Chicago

http://www.kendallrealtyadvisors.com/commercialmortgages.html

Commercial Mortgage Rates Apartment FHA 232 LEAN

Commercial Mortgage Rates for refinance are near 5% with treasury rates at 3.2%. This is for FHA 223(f), FHA 232/223(f) Lean, Fannie Mae DUS and Freddie Mac loans.

This is about as low as they get!

Black Friday Commercial Mortgage Early Report

Happy Holidays to you!

Black Friday looks good in the stores. 10% more cars in parking lots, high end retails not discounting, and if you see something you want, it may be a good idea to buy it then..

DUBAI WORLD is caught in great deleveraging cycle and causing the dollar to rally, gold to fall and for the Commercial Mortgage industry RATES are FALLING.  The real estate investments of this company have more loans than they can pay or pay off, like many Real Investments in this DELEVERAGING CYCLE.

The State of Commercial Mortgage Finance is bad but much better than a year ago.  The first new CMBS sales was a success but was very well underwritten.

FHA is going gang busters on FHA 223(f) Loans and FHA 232 LEAN refinances.

Fannie Mae and Freddie Mac are still open but business is down due to lower property values and higher underwriting standards.

Commerical Mortgages Apartment and Healthcare Loans

Kendall Realty Advisors LLC provides commercial mortgage on a national basis.

Apartment Loans, FHA 232 LEAN loans, FHA 242 and FHA 242/223(f) Hospital Loans

Assisted Living Facility Loans, Nursing Home Loans.

We have been providing commercial mortgages and credit enhancement of bonds for over 25 years.