Beech Street Insights

A Snapshot of a Buoyant Market

31 March, 2014
by Grace Huebscher, President

The NMHC Conference presented a great opportunity to poll a broad group of borrowers and market participants on the state of the multifamily market.  Not surprising, investors were bullish.  Almost half the multifamily real estate professionals who participated said they intended to...

Multifamily Market Continues Robust Pace in 2014

7 February, 2014
by Grace Huebscher, President

The takeaway from conference season is that 2014 will be consistent with to slightly better than 2013 on all fronts, including fundamentals, level of refinance activity and number of acquisitions.  But there will be one difference that bodes well for borrowers:  lots of debt...

Raising Our Voice for Consistent Liquidity

6 November, 2013
by Grace Huebscher, President

When Fannie and Freddie’s regulator, the Federal Housing Finance Agency (FHFA), mandated an across-the-board 10 percent reduction in multifamily business volume for 2013, the understood goal was to bring more private capital into the multifamily market.   I think everyone...

Multifamily Market Favors Experienced Investors

20 June, 2013
by Grace Huebscher, President

When it comes to the future of multifamily pricing, the Fed holds the key. As long as the economy struggles to maintain its momentum and inflation stays under control, and as we saw yesterday, the Fed will likely keep the lid on interest rates. And as long as interest rates remain low, the...

Rates


As of Thursday April 17, 2014

US TREASURY

MATURITY YIELD CHANGE
5 Year Bond 1.73% +8.23%
7 Year Bond 2.30% +9.64%
10 Year Bond 2.72% +8.97%
30 Year Bond 3.52% +7.47%
LIBOR 30-DAY    0.1522%
Market Data by Xignite

Closings

  • $9.1 million fixed-rate Freddie Mac CME loan
  • Multifamily - 96 units
  • Longmont, Colorado 
  • $8 million fixed-rate Fannie Mae DUS loan
  • Manufactured Housing Community - 218 units
  • Bellingham, Washington 
  • $7.4 million Freddie Mac adjustable rate loan 
  • Multifamily - 185 units
  • North Highlands, California 
  • Fixed-rate Freddie Mac CME loan
  • Multifamily - 252 units
  • Montgomery, Alabama 
  • $23.1 million fixed-rate FHA 232/223(f) loan
  • Seniors Housing - 281-bed skilled nursing facility 
  • Chicago, Illinois 

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