Property Management News
Zoning is the first consideration when an investor considers a change in property use. The pandemic disrupted real estate demand, creating ample opportunity for change-of-use redevelopment projects. Now, office spaces are becoming lab space to accommodate life science demand, extended-stay hotels are a starting point for apartment communities and big box retail can be transformed into warehouse and distribution facilities. While demand has been redistributed, achieving a change of use isn’t always easy. David Reina, a partner in Morris, Manning & Martin LLP’s hospitality practice, who has seen several hotel-to-multifamily conversions, says that zoning is the top consideration for... Read more
RealtyTrac reported tight inventory is the cause, with pricing discounts declining. Real estate investor purchases accounted for 16.4% of all home purchases nationally...
Real-estate transactions verified by the blockchain have emerged as an innovative necessity. Whether you’re in finance or any other industry, you’ve likely heard...
Bankers, advisers and analysts weigh in on the impact of the Fed’s planned hikes. Multifamily investors are bracing for an uptick in mortgage rates and other forms of...
With the demand side of the multifamily market still at staggering levels, only macroeconomic conditions seem to pose any risk to the sector in the near term. Most...
Lenders will to return to using standard MAP Guide policies. The Federal Housing Administration (FHA) announced that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act, effective immediately for all insured transactions that have yet to reach endorsement. The temporary requirements calling for nine months of debt service reserves, 250% repair escrows, and limits on cash-out refinance transactions were originally put in place in April 2020 to counterbalance potential financial effects resulting from the COVID-19 pandemic. In the almost two years following implementation of the policies, the FHA... Read more
Want to invest in real estate, but your credit’s not great? Here are six ways to do it. Any time you buy a home or other piece of real estate — at least...
Real estate, as an asset class, encompasses countless different niches and subsectors, each of which can appeal to a broad range of investors. From an investor’s...
Any initial rises in interest rates are expected to be offset by spread compression and new sources of capital entering the market. The pace of multifamily loan...
2021 was an exciting year in the multifamily financing market, and for Berkadia mortgage banking — we originated over $40 billion in volume for our clients across our...
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