A couple of interesting points were made on page 10 of the February 2010 issue of Units Magazine relating to private investment in apartment acquisitions. For one, the article noted that private investors accounted for 82 percent of the dollar value of apartment acquisitions during the first three quarters of 2009, indicating potentially the clearest [...]
223F Loans can be very time consuming, but many multifamily owners have found them to be very attractive over the past year, as financing options have been limited. The process of procuring a 223F loans can take from 6 to 9 months to close, but during the credit crunch it has been a very active means to secure good financing with decent terms.
Until the financial markets stabilize, financing any commercial or investment property is going to remain a challenge. On January 27, CoStar posted this article: Banks Report Slowing CRE Loan Charge-Offs, that seems to present some mildly positive news on the banking front.
Echelon Property Management, headquartered in Jenison, MI, has earned the Accredited Management Organization ® (AMO®) accreditation from the Institute of Real Estate Management (IREM®), an affiliate of the National Association of Realtors®.
Echelon Property Management has officially adopted our new blog! For the time being, it will be located at http://www.echelonpm.wordpress.com, but should soon move over to http://bl0g.echelonpm.com (no link because it wouldn’t work yet!).
