Monday Multifamily Links
Posted by Josh Jansen on November 28, 2011 · Leave a Comment
A year ago the Marlborough Apartments, 83-units on First Hill, sold for $12.75M. Trinity Real Estate has now sold the project to an unidentified buyer for $26.7M.
The Moda Apartments, a failed condo project from 2006, has been sold to Equity Residential Properties Trust of Chicago for $45.5M.
Ten-Year Treasury Yields are at 1.97 and the big three are all up for the day. The DOW is down a thousand points from the monthly high coming in at 11231.78, the NASDAQ is 300 points down from the monthly high, and the S&P is down about 100 points from its high on November 8th.
Taylor Liska explains the differences between Yield Maintenance and Defeasance and gives some tips on how to handle a commercial real estate loan.
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Filed under Commentary, Development, Financing, Investing 101, News · Tagged with apartments, cap gap, cap rates, cash flow, coast sperry van ness, commercial real estate, commercial real estate market, current market conditions, debt coverage, Development, dupre + scott, economy, everett apartments, fannie mae, Financing, freddie mac, fundamentals, Houts, inflation, interest rates, investment, jansen, jansen multifamily team, JMT, JMTBlog, josh jansen, liquidity, loan terms, loan to value, market, multifamily, multifamily lending, net operating income, positive financial leverage, property values, puget sound, puget sound apartments, real estate, real estate trends, seattle, seattle apartments, tony, Tony Houts, vacancy
Monday Multifamily Links
Posted by Josh Jansen on November 28, 2011 · Leave a Comment
A year ago the Marlborough Apartments, 83-units on First Hill, sold for $12.75M. Trinity Real Estate has now sold the project to an unidentified buyer for $26.7M.
The Moda Apartments, a failed condo project from 2006, has been sold to Equity Residential Properties Trust of Chicago for $45.5M.
Ten-Year Treasury Yields are at 1.97 and the big three are all up for the day. The DOW is down a thousand points from the monthly high coming in at 11231.78, the NASDAQ is 300 points down from the monthly high, and the S&P is down about 100 points from its high on November 8th.
Taylor Liska explains the differences between Yield Maintenance and Defeasance and gives some tips on how to handle a commercial real estate loan.
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Like this:
Filed under Commentary, Development, Financing, Investing 101, News · Tagged with apartments, cap gap, cap rates, cash flow, coast sperry van ness, commercial real estate, commercial real estate market, current market conditions, debt coverage, Development, dupre + scott, economy, everett apartments, fannie mae, Financing, freddie mac, fundamentals, Houts, inflation, interest rates, investment, jansen, jansen multifamily team, JMT, JMTBlog, josh jansen, liquidity, loan terms, loan to value, market, multifamily, multifamily lending, net operating income, positive financial leverage, property values, puget sound, puget sound apartments, real estate, real estate trends, seattle, seattle apartments, tony, Tony Houts, vacancy