Nov 05 2008
Amy Rubenstein CEO Milan Properties Inc.
U.S. CMBS loan performance continues to be stable as workouts corresponding to multifamily loans have offset preliminary weakening in the retail sector, according to Fitch Ratings in its latest U.S. CMBS loan delinquency index
"The proportion of delinquent multifamily loans as a percentage of all [...]
Sep 19 2008
NEW YORK (CNNMoney.com) — As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority (FHA) starting on October 1.
But at a congressional hearing today in Washington, lenders didn’t seem terribly enthusiastic about the program, [...]
Sep 08 2008
Los Angeles
MarketWatch
Week Ending September 05, 2008
Foreclosures in Lancaster to be Transformed into Affordable Housing
Ann M. Simmons, Los Angeles Times
September 2, 2008
While other cities are hoping for federal aid to help them address the problem, Lancaster is using city funds to buy, renovate and sell vacant homes. So far, Lancaster’s Redevelopment Agency has agreed to spend [...]
Sep 03 2008
Weekly Market Insight
GDP Vs. Job Growth
September 1, 2008
Gross domestic product, the output of goods and services produced in the U.S., grew at a revised rate of 3.3% annualized in the second quarter. In the first half of the year, annualized GDP rose 2.1% even as the labor market shed 463,000 net payroll jobs through [...]
Aug 27 2008
UNIVERSAL CITY, CA-Speakers at an affordable housing conference sponsored by the US Department of Housing and Urban Development here on Monday called for state, local and federal officials to work together toward reducing regulatory barriers that thwart the production of affordable work force housing. Affordable housing developments throughout the country are “stopped dead in their [...]
Aug 18 2008
As times and loan conditions change, Milan Properties are ahead of the ball as they adapt with the changing times. With strong relationships with Deutsche Bank and Resource Real Estate and a fantastic credit history, the loan processing is all but guaranteed.
Ken Harney can be reached at kenharney@earthlink.net.
Aug 05 2008
Job Losses in First Seven Months of Recent Recessions
August 4, 2008
Payroll employment shrank for a seventh consecutive month in July, down by a moderate 51,000. Since peaking in December, the labor market has shed 463,000 jobs, an unusually shallow -0.3% compared with declines of -0.8% to -1.1% during the first seven months of the [...]
Aug 03 2008
August 1, 2008
Agency Lenders
Term Leverage Max. Interest Rates
5 Yr. 80% 6.13% to 6.28%
7 Yr. 80% 6.17% to 6.32%
10 Yr. 80% 6.33% to 6.55%
15 Yr. 80% 6.75% to 7.50%
Proprietary Lenders*
Leverage Max. Interest Rates
75% 6.05% to 6.25%
75% 6.40% to 6.65%
75% 6.55% to 6.85%
75% 6.85% to 7.35%
*Rates [...]
Jul 13 2008
If you haven’t already heard the recent news about Fannie Mae and Freddie Mac, below is a brief summary and links to a couple different articles that describes what’s been going on. I’ve also contacted my Fannie Mae and Freddie Mac representative and they are still quoting deals. Milan P. Rubenstein Milan Properties
“There [...]
Jun 18 2008
Omer Ben-Zur, GSP Assistant Vice President, published an overview of the real estate capital markets in the June 2008 issue of Commercial Mortgage Insight. Below is a summary of his article titled “A Few Encouraging Signs, But Market Remains Illiquid.”
· Since August 2007, commercial real [...]