Michigan has approved a major state financing component for Arbor South, a planned $651 million mixed-use redevelopment in Ann Arbor that is expected to add 1,069 homes and transform more than 2.2 million square feet of property.The Michigan Strategic Fund board...
Freddie Mac Multifamily has closed a $284.1 million affordable-housing securitization using a revamped M-Deal structure that the company says is more consistent with its other multifamily capital-markets executions.The M074 transaction covers 3,008 units across 19...
Bow River Capital has financed its acquisition of a 456-unit apartment community in Northlake, Texas, with a $53.9 million Fannie Mae loan, adding another data point to the divide between multifamily properties that can still attract agency capital and assets...
Fannie Mae’s latest multifamily loan-document changes become mandatory Tuesday, making Sept. 22 an operational deadline for lenders handling most new multifamily commitments and certain forward conversions.The changes were announced in Multifamily Lender Letter...
Apartment operators are leaning harder on concessions to fill units, with 43.5% of rental listings across the 50 largest U.S. metros advertising some form of incentive in August, according to Realtor.com’s latest rental data.The share was up from 40.4% a year earlier...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
