Friday, March 26, 2010
Saturday, February 20, 2010
FHA apartment Loans FHA 223(f) and FHA 221(d)(4) Changes
FHA proposed underwriting changes 1.2 DSC Market Rate Refinance or New Construction
Click here for the full letter:
Click here for the full letter:
Tuesday, February 16, 2010
Rival makes $10-billion offer for General Growth - Chicago Real Estate Daily
Rival makes $10-billion offer for General Growth - Chicago Real Estate Daily
Is this a sign that the bottom of CRE has been hit?
Is this a sign that the bottom of CRE has been hit?
Thursday, February 11, 2010
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group
The future of Apartment Rentals - Apartment Lender - Apartment Refinance
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group
Wednesday, February 10, 2010
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.
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.
Wednesday, December 9, 2009
Commercial Mortgage FHA 223(f) - Bank Rates
FHA 223(f) Commercial Mortgage Loan Rates are locking under 5% and we are underwriting them at 5%.
Bank Loan Rates 3 year 75% LTV 4.5% 5 year 5.5%.
FHA 232 Lean rates are the same as 223(f) rates for refinance loans.
Bank Loan Rates 3 year 75% LTV 4.5% 5 year 5.5%.
FHA 232 Lean rates are the same as 223(f) rates for refinance loans.
Monday, December 7, 2009
Commercial Mortgage Chicago Rates
Treasury rates moved up 25 basis points from 3.20% to 3.47% last week on strong jobs report.
Interest Rates are still in the low 5% range for Commercial Mortgage Loans on Apartments and Healthcare properties using FHA, Fannie Mae and Freddie Mac.
Check out our commercial loan programs at: http://www.kendallrealtyadvisors.com/commercialmortgages.html
Interest Rates are still in the low 5% range for Commercial Mortgage Loans on Apartments and Healthcare properties using FHA, Fannie Mae and Freddie Mac.
Check out our commercial loan programs at: http://www.kendallrealtyadvisors.com/commercialmortgages.html
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