BETHESDA, MD – Berkeley Point Capital LLC recently closed a $31,599,000 loan for the acquisition of Sommerset Gardens, a 420-unit garden-style, class-B apartment community located in Aurora, CO. The financing was structured under the Fannie Mae Delegated and Underwriting and Servicing (DUS) program as a twelve-year term with five years of interest-only at a fixed rate of 4.27%.
FHA serious delinquency rate inches up while originations decline The compounded growth rate in the portfolio thus far in 2013 is -22.1 percent. The decline in the portfolio came mainly. billion in July compared to $343.74 billion in June. Fannie Mae’s serious.Here’s why Wells Fargo believes in Nationstar Florida foreclosures top the charts for seventh consecutive month The Defect Index for refinance transactions increased 2.9% from the previous month and 16.7% from June last year. For purchase transactions, risk increased 1.1% month-over-month and 13.8% annually..Third-quarter multifamily originations drop 16% from 2Q Walker & Dunlop, Inc. (NYSE: WD) (the "Company") reported third quarter 2017 net income of $34.4 million, or $1.06 per diluted share, representing a 16% increase in net income over the third quarter 2016. total revenues for the third quarter 2017 were a record $179.7 million, a 16% increase from theHere’s Why Wells Fargo Stock Has Underperformed This Year. 9/11/17. By John Maxfield, MotleyFool.. Wells Fargo now believes that closer to 3.5 million accounts were wrongfully opened. Suffice it to say, none of this has been good for Wells Fargo, which has seen its fundamental performance lag while the sentiment toward its stock has soured.
Berkeley Point Capital recently closed a $47.2 million FHA 221d4 New Construction loan for Tower Bay Lofts, a 308-unit multifamily apartment building located in Lewisvile, Denton County, TX.. Tom White led the Berkeley Point team who was successful in arranging the loan in the new construction program, which provides non-recourse, fixed rate construction to permanent financing.
WDB Funding names Andrew Pollock president and CEO Contents Houston oil-field-services company Important affordable community market peaking?. join Groupm agency essence Ceo 1 min mba names bill packer Chair of RESTECH The mortgage bankers association announced Bill Packer, Executive Vice President and Chief Operating Officer at American Financial Resources Inc., Parsippany, N.J., as new chairman of its residential technology forum (restech).
U.S. mortgage applications jump; rates at record low – Reuters – NEW YORK (Reuters) – U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday.
About Capitalab Capitalab, a division of BGC Brokers L.P., provides compression services that are designed to bring greater capital and operational efficiency. the origination and sale of.
· Greystone Adds Multifamily Sales Advisory Services Led by Industry Veteran Jim McDevitt July 22, 2015 category: corporate greystone announced that it has expanded its existing sales advisory group, Real Estate Advisors, to include multifamily properties.
Berkeley Point Capital provides $63M in multifamily financing berkeley point capital arranges financing for the Steadfast acquisitions; IPA brokers a $47 million sale in Los Angeles; and BMC Capital provides a $1.29 million cash-out refinance loan. northwest housing activity heats up at start of 2018 | 2018.
MBA Secondary: FHA, Ginnie Mae, VA and USDA leaders outline policy updates Sen. Warren sounds the alarm on irresponsible housing reform As the deadline for student loan rates to double steadily approached last week, Sen. Elizabeth Warren (D-MA. Her two earlier missives, sent to Sallie Mae and the federal housing finance authority.so did not face congressional scrutiny before he began directing our nation’s housing policy, one of his main tasks. Yesterday the Mortgage bankers association (mba) released a white paper GSE Reform:.Transitioning to Integrated Disclosures, Part 2 . Other Credits on the Closing Disclosure and Loan Estimate; and (2) amending. A. The TILA-RESPA Integrated Disclosures Rulemaking. transactions, including “the disclosure requirements of this section and section 5, patterns, and a delay until early 2016 would thus permit a smoother transition.
Berkeley Point Capital ($4.7B). As we look to 2018, we are encouraged knowing our lenders will be working alongside us to provide quality rental housing to the millions of American families who rely on it." Freddie Mac Multifamily is the nation’s multifamily housing finance leader. The vast majority of the rental homes we finance are.
· About berkeley point capitalberkeley point capital llc, a CCRE company, is a premier single-source solution for all financing, servicing and asset management needs. The Berkeley Point Capital.
Our capital markets team recently closed iconic sales transactions including $4.3 billion of multi-family assets as well as $. percentage of ARA broker transactions that Berkeley Point can provide.