Search Results: Freddie Mac
$55M Freddie Mac Financing Closes for Suburban Maryland Apartment Property
Financing to the tune of $55 million has been put in place for the Keswick Park Apartments, a 406-unit multi-family asset in Crofton, Md., about 25 miles northeast of Washington, D.C., and 25 miles south of Baltimore. Acting on behalf of Boston-based borrower Berkshire Property Advisors L.L.C., real estate investment banking and commercial mortgage brokerage firm Johnson Capital orchestrated the financing. The backing came in the form of a seven-year fixed-to-float loan with a 6.11 percent interest rate–through Freddie Mac’s Acquisition-Rehab program. The interest-only financing will be amortized over 30 years following the first four years of the term. “We…
Freddie Mac Buys $140M in Seniors Housing Mortgages
Freddie Mac has announced the purchase of a $140 million pool of mortgages from Capmark Finance Inc.Prudential Real Estate Investors also invested in the deal with Freddie Mac. The mortgages are secured by seven senior housing properties, which include 880 rooms in two assisted living facilities and five independent living centers located in Maryland, Massachusetts, Rhode Island, and Virginia. The purchase has allowed the Shelter Group, a Baltimore property management firm, to refinance and recapitalize these properties.The properties involved in the deal have all been built within the last thirty years. Details of the transaction include a ten year plus…
Freddie Mac Buys $198M Pool of Mortgages from Multistate Apartment Sale
Freddie Mac has purchased a $198 million pool of cross-collateralized, cross-defaulted, mortgages from Capmark Finance Inc., in Horsham, Pa., according to a statement by Capri Capital Partners.The mortgages are in connection with the purchase by Capri Capital Partners, in Chicago, of eight apartment properties, all built between 2000 and 2004. The total number of units involved in the deal is 2,224. The assets are located in Florida, Texas, Colorado, Nevada and California. The transaction originally closed, with permanent financing in place, on July 31, Dori Nolan, principal of Capri Capital Partners, told CPN. The seller was Whiteco Residential, Merrillville, Ind.
FreddieMac Ad CPN
FreddieMac: Flexible Financing That Fits Your Needs. Choose from fixed- or floating-rate loans with flexible terms that work for you.
Economy Watch: Holiday Retail Sales, Freddie-Mac Delinquencies
Holiday retail sales between Thanksgiving and Christmas increased 5.5 percent this year. Freddie Mac reported that its single-family serious delinquency rate was unchanged in November month over month.
Freddie to Do Bigger Business in Small-Loan Space
By Drew McCreery, Technical Director, Agency Services, Partner Engineering and Science, Inc.: For multi-family lenders, small loans are big business.
Economy Watch: Fannie, Freddie Performance; Labor Productivity
Both Fannie Mae and Freddie Mac reported their second quarter numbers on Friday, and the Bureau of Labor Statistics reported labor productivity results.
Hugh Frater: Fair Chance No Mandates on Fannie/Freddie This Year
Hugh Frater, CEO of Berkadia, shares his insights with Multi-Housing News/Commercial Property Executive regarding the commercial property financing market.
Fannie and Freddie Maintain Financing Levels in 2013
Preliminary reports indicate that the agencies continued to dominate the multifamily sector with more than $55 billion in financings, says Jones Lang LaSalle.
FHFA: Fannie, Freddie M-F Businesses Not Independently Viable
Without their government guarantees, “the multi-family businesses of Fannie Mae and Freddie Mac have little inherent value,” according to the Federal Housing Finance Agency, which released two reports, one from each of the government-sponsored enterprises.