Houston Apartment Owner Loses 3,200 Units to Foreclosure

Most of Applesway’s loans originated in the second half of 2021, just before the Federal Reserve began its campaign to raise interest rates. At one property, the interest rate on Applesway’s loan had risen from 3.4% to around 8%, according to loan information obtained from data firm Trepp Inc. At least two of the properties were financed with about 80% debt, which is considered high leverage in commercial real estate.

 

 

所有跟帖： 

• 高利率的犧牲者 -elune- ♂ (0 bytes) () 04/11/2023 postreply 10:18:20

• 商業貸款沒有定期的？ -檸檬椰子汁- ♂ (0 bytes) () 04/11/2023 postreply 10:33:38

• 當然有，the catch is -pega- ♀ (34 bytes) () 04/11/2023 postreply 10:43:48

• Sorry, I meant fixed interest rate, still no early payoff? -檸檬椰子汁- ♂ (0 bytes) () 04/11/2023 postreply 10:47:47

• Conventional commercial loans (from Fanie and Fredie) -pega- ♀ (68 bytes) () 04/11/2023 postreply 10:53:52

• 公寓樓不會用fannie的貸款吧。 -檸檬椰子汁- ♂ (0 bytes) () 04/11/2023 postreply 11:08:13

• fannie/Freddie backed agency loans 已經占大型公寓樓房貸市場差不多一半以上的份額了 -jenning- ♂ (76 bytes) () 04/11/2023 postreply 11:29:49

• most major Apt complexes are Fannie/Freddie -smlandlord- ♂ (31 bytes) () 04/11/2023 postreply 11:57:12

• 可以不還錢？還有機會東山再起？ -IEbird- ♀ (0 bytes) () 04/11/2023 postreply 15:27:10

• if loan was only originated in 2021 and rate is reset now -smlandlord- ♂ (407 bytes) () 04/11/2023 postreply 11:48:16

• it is bridge loan for value add quick turnaround -pega- ♀ (0 bytes) () 04/11/2023 postreply 13:06:12

• 記得當時休斯頓的公寓空置率在10%，這是明顯的不好信號。出租市場能更好地表達出房產的供需關係。還是有人敢賭。 -守月- ♀ (0 bytes) () 04/11/2023 postreply 12:12:28

• 看網上列出來的幾個都是很差的地段，大概是最差的一檔。一旦空置率高了，估計找不來什麽租客 -Wei_PDX- ♂ (0 bytes) () 04/11/2023 postreply 17:54:12

• I think all principals are out already -ahniu- ♂ (91 bytes) () 04/11/2023 postreply 15:23:42