During the first half of 2019, active participants in the multifamily sector heard rumblings about the current Administration’s goal of re-privatizing Fannie Mae and Freddie Mac (the Agencies), which were brought under Federal conservatorship in 2008. Those rumblings grew steadily louder over the summer, culminating with a memo released last week by the Federal Housing […]

Market Update July 2019

July 21, 2019

Rewind just 7 to 8 months as the calendar turned to 2019, and economic forecasts were downright bleak: “Rising Interest Rates”  “Shrinking GDP”“Overheated Markets”   “Turbulence Ahead” However as we head into the second half of the year the current bull market – that is undeniably long in the tooth – chugs along for most sectors of the economy. Unemployment […]

CKRP has closed an equity recapitalization and $8.325 million CMBS refinance loan for two retail condominiums in Manhattan’s West Village at the corner of 14th Street and 8th Avenue. The 10-year fixed-rate loan features interest-only payments for the entire term. The new financing replaces a 3-year interim bridge loan sourced by CKRP for the owner […]