Within the federal government, several agencies are committed to providing lending support for multifamily rental properties. Among them are FNMA, FHLMC, and HUD. Federal National Mortgage Association (FNMA): Founded in 1938 during the Great Depression, FNMA (also known as Fannie Mae) is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE). [...]
Entries Tagged as 'Real Estate'
Many Federal Loan Programs Are Available For Multifamily Residences
Apr. 21st, 2010
Types of Mezzanine Financing Available to Commercial Real Estate Owners
Apr. 21st, 2010
It is not uncommon for commercial real estate owners to structure a financing transaction with multiple layers of capital, each with a different risk-reward calculation. For those commercial real estate and other businesses looking to add debt rather than equity when senior debt is maxed out near 70% LTV, borrowers may want to consider mezzanine [...]
Understanding the Types of Equity Capital Involved in a Commercial Real Estate Transaction
Apr. 21st, 2010
Sponsor Equity: This is the cash investment contributed by owners of a project. Preferred Equity: Preferred equity is similar in structure to a mezzanine loan; however, many of the complexities involving mezzanine debt are avoided. Inter-creditor agreements with senior lenders are not required and, because this investment involves equity and not debt, prohibitions in the [...]
When to Buy a House
Apr. 21st, 2010
Everyone’s talking about when is the right time to buy a home. Have prices hit bottom yet? How much further do they have to go? What about that tax incentive that is about to expire? How do you know when is the right time? The answer depends on a number of factors, including price, interest [...]
Why St Maarten Vacation Rentals Are Better Than Hotels
Apr. 21st, 2010
The island divided by French Saint Martin and Dutch Sint Maarten, is home to breathtaking beaches and pristine surroundings, not to mention two very distinctive, hospitable societies. St Martin / St Maarten vacation rentals are perhaps the most outstanding condos present in the Caribbean, displaying an elite cultivated splendour unique to the neighboring islands. This [...]
Retirement Real Estate of the Future
Apr. 20th, 2010
Fifteen years ago, retirees wanted a spacious home overlooking a golf course in Florida as their ideal retirement real estate. Today, things are looking a little different. Polls among Americans aged 55 or over are showing new and different trends. Many are still attracted to Florida and Arizona for their warmth, but the often-high cost [...]
New Guidelines For Underwater Homeowner’s Give Hope
Apr. 19th, 2010
On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification [...]
Steps You Need to Take For ABritish Columbia Real Estate Review Science Career
Apr. 19th, 2010
The huge and vibrant nation of Canada has many wonderful and diverse provinces, and one of the foremost is the province of British Columbia. Its name has the meaning of splendour undiminished, and when you visit you will see why! The region has a glorious aspect which is recognised widely ; superb mountainous backdrop, great [...]
Condo or Condotel – What is the Difference?
Apr. 18th, 2010
The word condotel is relatively new to the real estate vocabulary, but it is an important term for buyers to understand if they are interested in purchasing a condo in a resort location. High rise condos overlooking beautiful stretches of coastal shoreline have long been a favorite type of real estate for second homes, vacation [...]
Thinking of Buying a House? 10 Steps to Home Ownership
Apr. 18th, 2010
Home ownership has long been part of the American Dream and one of the best investments that most people will make in their lifetime. Whether you are new to the home buying process or someone who has bought and sold many times before, the road to home ownership requires planning and attention to detail. The [...]