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
9.4.19: CMBS Conduit Loans Filling Fannie/Freddie Gap for Multifamily
After acquiring multi-family loans at a record-breaking pace over the first seven months of the year, Fannie Mae and Freddie Mac have sharply pulled back in recent weeks, opening lending opportunities for others, including CMBS lenders, according to Commercial Mortgage Alert (CMA).CMA notes that … [Read more...] about 9.4.19: CMBS Conduit Loans Filling Fannie/Freddie Gap for Multifamily
ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress obtained a $4-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 168-unit Class B apartment community property on a 22-acre site that was built in 1975 by the borrower, Cordoba LLC. The property is located in Hampton, VA. The loan will repay a short-term loan in … [Read more...] about ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress Provides $2,200,000 Fannie Mae Small Balance Loan
ValueXpress provided a $2,200,000 loan 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 building suffered extensive damage as a result of … [Read more...] about ValueXpress Provides $2,200,000 Fannie Mae Small Balance Loan
4.17.15: Will Fannie/Freddie Multifamily Loan Limits Create Opportunity for CMBS
The Federal Housing Finance Agency (FHFA) has set a cap of $30 billion each in multifamily loan purchases for Fannie Mae and Freddie Mac for 2015. With both agencies off to a great start through the first quarter of 2015, the government-sponsored agencies could reach their respective caps well … [Read more...] about 4.17.15: Will Fannie/Freddie Multifamily Loan Limits Create Opportunity for CMBS
5.22.13: Fannie Mae and Conduit Rates Converging for Multifamily
With Fannie Mae’s recent 10-basis-point increase in fees it charges lenders to guarantee loans and the continued decline in CMBS conduit rates, the rate gap between the two multifamily products is diminishing, particularly for smaller balance (under $10 million) loans on “B” quality multifamily … [Read more...] about 5.22.13: Fannie Mae and Conduit Rates Converging for Multifamily
9.13.11: Rates on Fannie Mae Loans Continue to Decline
With 10-year Treasury rates below 2%, borrowers that qualify for Fannie Mae (and Freddie Mac) multifamily loans are seeing loan quotes at levels not seen since the formation of the Fannie Mae multifamily program in the 1950s. ValueXpress is active in both the Fannie Mae Delegated Underwriting and … [Read more...] about 9.13.11: Rates on Fannie Mae Loans Continue to Decline