ValueXpress has arranged a $2.4-million loan for the purchase of a 68-unit apartment complex located in Hartford, Connecticut. Constructed in 1968, the property is in an urban area of Hartford desired by blue collar residents because of walking access to employers and amenities. The property … [Read more...] about VALUEXPRESS ARRANGES $2.4-MILLION LOAN FOR THE PURCHASE OF A 68-UNIT APARTMENT COMPLEX LOCATED IN HARTFORD, CT
VALUEXPRESS PROVIDES $2,200,000 FANNIE MAE SMALL BALANCE LOAN FOR THE REFINANCE OF A 37-UNIT APARTMENT COMPLEX LOCATED IN PASCAGOULA, MS
ValueXpress provided a $2,200,000 Fannie Mae loan through the Small Mortgage Loan Program secured by a 37-unit garden apartment complex located in Pascagoula, Mississippi. The property was constructed in 1978 with the first floor and portions of the second floor gut renovated in 2007 after the … [Read more...] about VALUEXPRESS PROVIDES $2,200,000 FANNIE MAE SMALL BALANCE LOAN FOR THE REFINANCE OF A 37-UNIT APARTMENT COMPLEX LOCATED IN PASCAGOULA, MS
VALUEXPRESS ARRANGES $4,875,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A 90-UNIT APARTMENT COMPLEX LOCATED IN HOMESTEAD, FL
ValueXpress has arranged a $4,875,000 CMBS conduit loan for the refinance of a 90-unit apartment complex located in Homestead, Florida. The community is located just east of State Highway 821, which leads North to Miami and South to the Florida Keys. The property is in immediate proximity to … [Read more...] about VALUEXPRESS ARRANGES $4,875,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A 90-UNIT APARTMENT COMPLEX LOCATED IN HOMESTEAD, FL
ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
ValueXpress obtained a $5.7-million first-mortgage loan that was utilized to refinance Sago Palms Apartments, a 240-unit apartment community located in Houston, Texas. The complex was built in 1980 and was over 90% occupied at loan closing. The property is located in north Houston, in proximity to … [Read more...] about ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
3.20.18: Rents for Apartment in NYC Poised to Decline
Beleaguered renters in New York City may begin to see some relief to rising rents as the year progresses. Market analysts are watching rents plateau and developers increasing incentives to lure tenants into all the new properties that are completed and now leasing. Market participants are … [Read more...] about 3.20.18: Rents for Apartment in NYC Poised to Decline
5.27.17: Furnished Apartment Deals Are Okay in CMBS
We recently received a request to finance a 100-unit multifamily property located 12 miles outside a major southeastern city on a heavily traveled interstate. The immediate area is heavily populated with large commercial and industrial facilities, and the area is well known to have a growing … [Read more...] about 5.27.17: Furnished Apartment Deals Are Okay in CMBS
7.15.15: Apartment Construction Is Booming
When Jess Eymann moved to Denver fresh out of college she considered buying a condo, but ultimately decided to rent an apartment instead. "There's just not a lot out there to buy. Properties that I looked at weren't really what I was looking for," she said. Eymann's decision to rent instead of buy … [Read more...] about 7.15.15: Apartment Construction Is Booming
2.12.15: Apartment Rents Rise in 2014 Amid Strong Demand, But Is the Party Over?
Reis reports that apartment rents grew by 0.6% nationally during the fourth quarter of 2014, a bit of a slowdown from the pace observed during 2014’s second and third quarters. Nevertheless, the trend in rents is up. Annual rent growth for apartment rents was 3.5% in 2014. This the best performance … [Read more...] about 2.12.15: Apartment Rents Rise in 2014 Amid Strong Demand, But Is the Party Over?
9.21.14: Update on Apartment Vacancy Rates
Reis reported that the apartment vacancy rate of 4.1% was unchanged in the second quarter of 2014. In the second quarter of 2013 (a year ago) the vacancy rate was 4.3%. And the rate peaked at 8.0% at the end of 2009. Vacancy was unchanged during the second quarter at 4.1%, a slight worsening from … [Read more...] about 9.21.14: Update on Apartment Vacancy Rates
3.26.14: Apartment Rents Climb as Vacancies Drop
Apartment landlords continued to push through hefty rent increases at the start of the year, although the pace of the rises was slightly weaker, according to the Wall Street Journal. Rental rates increased 0.6% during the first quarter, according to data from 79 U.S. metro areas that was released on … [Read more...] about 3.26.14: Apartment Rents Climb as Vacancies Drop
