Power Nap Anyone?
MULTIFAMILY Denver’s largest multifamily transaction in 2.5 years closed last week. A combined 1,023 units sold for $177m to BMC Investments and Oak Coast Properties. Morgan Properties becomes the largest multifamily owner in Pennsylvania Their recent purchase from Lone Star Funds for $890m includes 2,346 units in PA bringing their total unit count to 9,300. Want to […]
Short Term Rentals are Taking Off
Why Hotel? The short-term rental game is gaining some steam. With more properties being developed, multifamily owners are wanting to take advantage of vacancies. One company, in particular, has created a business model around short-term rentals; WhyHotel. This company will partner up with developers to lease up to 100 empty units. These empty units are […]
Loan Limit Increase for Multifamily Mortgages
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 […]
A Banner Year for Multifamily
Multifamily real estate had a great year 2018 marked a banner year for multifamily real estate. It was actually the best year of the century. The rental market had folks spending more than ever. Freddie and Fannie also made out with commercial and multifamily loans at an all-time high and delinquencies remaining at all time lows. […]
