Property Management News
Walker & Dunlop, LLC, one of the leading commercial real estate finance companies with a primary focus on multifamily lending, announced that it recently provided a $74,400,000 in financing for a residential apartment community. The supplemental loan was structured with an 8.13-year term and a 30-year amortization. The loan was underwritten to a 54.11 percent loan-to-value (combined first loan and supplemental loan) with a 1.33x debt-service coverage ratio. The property, Bella Vista Apartments in Santa Clara, California, is a 634-unit garden-style apartment community built in two phases in 1990 and 1993 by the borrower, Interland Corporation. Property amenities include two clubhouse... Read more
Tip #166: Cost-Cutter One of the best ways for landlords to cut costs and attract good tenants is to go smoke-free. Advocates for smoke-free rental properties,...
Tip #165: Everyone’s a Critic by Wallace Gibson, CPM, GRI I’m seeing more of this recently: Disgruntled residents, prospects or PAST residents have taken...
Tip #164: Landlord, Know Thy Lease! Landlords sometimes get caught by surprise when they try to enforce a lease provision because they discover that it’s not...
Tip #163: Be Cool Landlords face the challenge each summer of keeping tenants cool without astronomical energy bills. Programmable thermostats are one option in...
Clopton Capital, a secondary market commercial real estate lender which provides commercial mortgages for income producing properties nationwide, is now offering rates for multifamily housing and apartment building mortgages in the 3%’s nationwide. The real estate capital firm is currently seeking funding opportunities for the acquisition and refinance of multifamily properties and apartment buildings located throughout the nation. We are currently seeking multifamily properties and apartment buildings property owners for which we can provide financing, says Jake Clopton, founder. We are specifically targeting these property types due to very attractive loan options which we can... Read more
Lifestyle Communities, developers of The Mill, a new apartment community in Georgetown, KY, are offering a fresh take on filling apartment vacancies. The community...
A New York landlord, his property manager and an employee have been ordered to pay $2 million to tenants who were sexually harassed by the building super and manager. In...
A landlord in Nebraska discriminated against a tenant with a disability by passing her over for a chance at a more accessible apartment. The landlord agreed to pay the...
Renters experience apartment theft 50 percent more than homeowners, yet nearly 70 percent of renters live without renters insurance, according to an Apartments.com...
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