Wednesday, January 7, 2009

Lunch with Paulson

So the fine bloggers at Real Estate Bisnow report that our trusted Treasury Secretary mentioned that Fannie/Freddie either become "utility" like entities or are returned to the private markets (likely broken into smaller entities as they would have difficulty raising funds).

Looks to be an interesting year for not only the residential finance market, but also the Multifamily finance sector, which many brokers believe is not doing too badly, relatively speaking. The brokers mention most often that there is a floor provided by the various DUS lenders and HUD programs for "affordable" multifamily properties, allowing the leverage needed to reach their returns. However buyers continue to submit low-ball offers, and in many cases may win the deal a few months later.

Llenrock Group

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