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Multifamily Blog

Multifamily Blog

 

Behind the Scenes: Manufactured Housing Communities

On October 3, Freddie Mac Multifamily purchased our first Manufactured Housing Community (MHC) loan: a $10.5 million loan to finance Longhaven Estates in Phoenix, Ariz. This inaugural deal brought to fruition a new initiative we have been working on for a while, and announced last spring. You can read about the Longhaven deal here and our initiative announcement here.   Read More

By Kelly Brady
Published on October 23, 2014

A Golden Age for Multifamily

Thank you to everyone who joined us at our recent Freddie Mac Multifamily® Customer Conference in New Orleans. We were very pleased by the turnout and the strong enthusiasm expressed by those attending. At the conference, I had the opportunity to share some thoughts on where our business and the multifamily industry are headed. Following is a brief recap.   Read More

By David Brickman
Published on October 17, 2014

Our New Small Balance Loan (SBL) Offering

Today, October 9, 2014, Freddie Mac Multifamily publically announced our new Small Balance Loan (SBL) offering. We believe this offering, specifically designed to meet the long-term debt capital needs of small rental property borrowers nationwide, will increase liquidity in the small balance space and provide stability in this somewhat underserved market.  Read More

By Nashwa Moussa
Published on October 9, 2014

The Ruthless Defaulter

Deteriorating property cash flows are never in the plan for multifamily investments, especially to the extent that property income falls below expenses. Nonetheless, this unfortunate situation happens for some properties, and they go “underwater.”  Read More

By Victor Pa
Published on September 22, 2014

Our First Deal: Direct Purchase of Tax-Exempt Loans

We met a key milestone at the end of August: Freddie Mac Multifamily conducted our first transaction of a Tax-Exempt Loan. This new loan execution was recently approved by FHFA, and is one of several initiatives we have been rolling out to better support the rental housing market. In this instance, we have financed the preservation of affordable units using a housing finance agency’s (HFA) tax-exempt obligations and 4% Low Income Housing Tax Credits.  Read More

By Kim Griffith
Published on September 3, 2014

Raising The Bar On Servicing

This year we have really raised the bar on the Freddie Mac Multifamily Servicing Standard with several enhancements. As part of this effort, we just finished an inaugural conference call with the newly designated Chief Servicing Officers (CSOs) from our Servicers.   Read More

By Christine Halberstadt
Published on August 26, 2014

Mid-Year Housing Outlook: Finding A New Normal

Multifamily market conditions are strong, with vacancy rates at their lowest level in 13 years, including being below the long-run average for every quarter since the fourth quarter of 2011. We forecast that vacancy will stay below the longer-run average for another year. As expected in a low vacancy rate environment, rental growth rates are also strong. But how long can this last?  Read More

By Steve Guggenmos
Published on July 31, 2014

Welcome To Our New Site

I’ve got great news. We have a new web site for our Multifamily business. I think you’ll love it. We’ve created a site that is about Multifamily and you -- and no one else. From the latest news, to business applications and securities information, to insights from our people, every square inch is now dedicated just to you and us.  Read More

By David Brickman
Published on July 14, 2014

Multifamily Housing Can't Live on New Construction Alone

Given current trends in renting and multifamily rental-housing inventory, apartment demand should exceed supply for years to come. New construction by itself won't fill the gap. Additional investment needs to be made in existing units to keep them in active inventory. As part of this, there is a growing need to direct "flexible" capital into renovating, preserving, and, in some cases, transforming the nation’s aging rental-housing stock.  Read More

By David Brickman
Published on July 14, 2014

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