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How Bridge-to-HUD Loans Help Multifamily Investors
How does unaffordability in the Bay Area impact investment? Want to know more about LEED certification for apartment buildings?
The Multifamily Minute takes a look at the latest news and trends across the multifamily industry, featuring content from Janover’s affiliated sites.
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Calculating Yield Maintenance Penalties
I get it — prepayment penalties aren’t something most people look forward to. But if you’re planning to pay off your loan early, it’s essential to know what you’re in for. That’s especially true if your loan has a yield maintenance clause. Enter: our handy yield maintenance calculator. Read about this penalty — why it exists, and how it can impact you as a borrower — and plug in your figures to see what you could owe.
How Bridge-to-HUD Loans Work for You
Lots of people probably know that HUD loans have some of the best financing terms on the planet for multifamily acquisitions — even if they don’t have any affordable units. And lots of people definitely know that if you put in your HUD loan application today, you probably won’t see that money come in until 2023. So, what do you do if you’re looking to close on an acquisition fast? Bridge-to-HUD loans could square that circle. Read more on the HUD Loans blog.
LEEDing the Way to Sustainable Housing
I’m already judging myself for the awful pun in the subhead there. But LEED certification is something we’ve got to talk about. The benefits of incorporating some sustainable features in your multifamily development aren’t just tied to doing something great for the planet, either. If that’s not enough motivation for you (though, shouldn’t it be?), consider this: Sustainable properties cost less to operate, command higher prices per unit, and maintain higher occupancy … with higher rents. Sound like a win-win? Read about the different types of certification on Multifamily Loans.
The Bay Area: Risk or Reward?
Speaking of higher rents, San Francisco and the Bay Area remain among the nation’s most unaffordable markets to rent in. If you’re planning to acquire a luxury property in Silicon Valley, that might be a good play … until the economy sours. In the last downturn, the market’s luxury rents bottomed out pretty quickly, while workforce housing took far less of a beating. Curious what opportunities may exist across the spectrum? Check out our analysis on Multifamily Today.
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