How have the Capital markets affected lending for the manufactured home community industry?
The significant turmoil in the real estate capital markets has resulted in a considerable vacuum in financing opportunities for Manufactured Home Communities. Once a favorite of the now inactive CMBS/Conduit loan industry, the MHC asset class has become increasingly reliant on Fannie Mae, [...]
28
Apr
2009
What Do The Manufactured Home Community Market Experts Think?
Tags: Appraisal, banking, Banks, Broker, Brokers, CAP Rates, capital marketplace, capitalization, Commercial, commercial banks, Commercial Real Estate, conduit loans, debt coverage, debt service coverage, Economics, Economy, fannie mae, individual properties, life insurance companies, life insurance company, loan industry, manufactured home communities, News, Office, PGP Valuation, Portland, Property, rate loan program, variable rate loan, Washington
23
Apr
2009
Manufactured Home Community Capitalization Rates
Tags: adjustable rate loans, Appraisal, Banks, capitalization rates, Commercial Real Estate, conduit loans, downturn, economic drivers, federal reserve bank, low interest rates, mortgage companies, national economy, PGP Valuation, rate increases, Recession, substantial growth, unqualified buyers, Vacancy
There were fewer sales in 2008 than seen in previous years. The reduced number of sales owes in some degree to the lack of credit available and the particular aversion to risk on behalf of lenders as well as investors in the current market. The uncertainty surrounding the ultimate fallout from the downturn in the [...]