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 […]
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 […]
Click on the link below to read this article. https://libn.com/2018/12/20/long-island-firm-acquires-s-c-apartments/
CKRP represented the buyer group in procuring a variety of short- and long-term loan options while presenting the merits and risks of each. The 12-year fixed-rate loan offered competitive loan proceeds and a substantial interest-only period while eliminating interest rate risk over the intended hold period. A moderate physical and operational reposition is planned for […]
Click on the link below to read this article. https://rebusinessonline.com/suntrust-originates-8-2m-acquisition-loan-for-apartment-property-in-south-georgia/
CKRP arranged competitive short-term bridge financing for the purchase and reposition of a 131-unit apartment community that was formerly used for student housing. CKRP procured numerous competitive bridge loan proposals while contemplating the borrower’s planned $1 million capital improvement plan. Additional considerations for an approved tenant-in-common (TIC) organizational structure were needed given multiple 1031 exchange […]
Click on the link below to read this article. http://communityp.com/press-releases/franklin-properties-cpc-partners-announce-opening-9-7-million-mixed-use-historic-rehabilitation-camillus-cutlery-headquarters/
Click on the link below to read this article. https://www.multifamilybiz.com/News/7939/URS_Capital_Partners_Acquires_160Unit_Oglethorpe_S
Click on the link below to read this article. https://www.multihousingnews.com/post/urs-capital-partners-nabs-atlanta-distressed-apartment-community/