Commercial Real Estate Overview: As expected the Fed increased the Fed Funds Rate 50 basis points (pbs), for a combined 425 bps of tightening’s in 2022, it is now forecast the rate to go above 5% during 2023 with 3 more hikes likely. The Fed moderated its aggressive tightening while still signaling to the market […]
Waterstone Defeasance recently closed a defeasance transaction on a $28.7 million FreddieMac loan, secured by a multifamily property in Greensboro, NC. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Apartment financing continues to drive the defeasance market, with low cap rates and lower interest rates, owners are […]
Commercial Real Estate Overview Federal Reserve Chair Jerome Powell signaled that the central bank is likely to slow the pace of rate increases to 50 bps in December after this week’s 75 bps hike, according to Goldman Sachs Research. The funds rate is likely to rise to a higher peak than policymakers had previously projected. […]
Waterstone Defeasance recently closed a defeasance transaction on a $6.5 million FreddieMac loan, secured by a multifamily property in Virginia Beach, VA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Apartment financing continues to drive the defeasance market, with lower cap rates despite higher interest rates, owners […]
Waterstone Defeasance recently closed a defeasance transaction on a $19.2 million FreddieMac loan, secured by a multifamily property in Overland Park, KS. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Apartment financing continues to drive the defeasance market, with low cap rates and lower interest rates, owners […]
Raleigh, NC: Waterstone Defeasance recently closed a defeasance transaction for a $5 million CMBS loan, secured by student apartments located in Champaign, IL. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property, terms undisclosed. “Waterstone continues to deliver a high level of expertise for our clients, student […]
Raleigh, NC: Waterstone Defeasance recently closed a defeasance transaction for a $94 million FreddieMac loan, secured by a multi-family apartments located in Gaithersburg, MD. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property, terms undisclosed. “Waterstone continues to deliver a high level of expertise for our clients, multi-family […]