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： 

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

• 商业贷款没有定期的？ -柠檬椰子汁- ♂ (0 bytes) () 04/11/2023 postreply 10:33:38

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

• Sorry, I meant fixed interest rate, still no early payoff? -柠檬椰子汁- ♂ (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

• 公寓楼不会用fannie的贷款吧。 -柠檬椰子汁- ♂ (0 bytes) () 04/11/2023 postreply 11:08:13

• fannie/Freddie backed agency loans 已经占大型公寓楼房贷市场差不多一半以上的份额了 -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

• 可以不还钱？还有机会东山再起？ -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

• 记得当时休斯顿的公寓空置率在10%，这是明显的不好信号。出租市场能更好地表达出房产的供需关系。还是有人敢赌。 -守月- ♀ (0 bytes) () 04/11/2023 postreply 12:12:28

• 看网上列出来的几个都是很差的地段，大概是最差的一档。一旦空置率高了，估计找不来什么租客 -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