MULTIFAMILY REAL ESTATE
Loan Limit Increase for Multifamily Mortgages
In an effort to provide more capital and liquidity to the small loan marketplace, Fannie Mae is doubling its loan limit. The new small loan limit will be $6 million effective immediately. The ultimate goal is to increase the affordable housing supply.
The Gamble is On
Las Vegas is hot. Not so much on the temperature right now, but the multifamily investment space. Compared to other Western US markets, Las Vegas has landed on the top of the list for multifamily investment.
SELF STORAGE
- All-star self-storage broker, Mike Mele changes teams. After 10 years with Marcus & Millichap and $3.5 billion in transactions, Mele will join the team at Cushman & Wakefield. His team hopes to hit $1b within 3-5 years.
- With over 20+ years of recruiting experience, Lisa Shroyer discusses hiring, attracting and retaining employees on the Self Storage Show with Jim Ross. Listen here.
COMMERCIAL REAL ESTATE
- Cushman & Wakefield were chosen by Related Cos. to lease an 11-story property in Miami, Florida. The 200,000 square foot office is building is located in Miami’s central business district at 444 Brickell.
- 2019 is looking good for commercial real estate. Competition among lenders is playing well for borrowers and the US monthly jobs report shows that the economy continues to flourish.
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