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Welcome. 2013 Real Estate Economic Forecast. Thank you . Bellwether extends its gratitude to: Integra Realty Resources CCIM Louisville Apartment Association Home Builder’s Association Each of You. Financing Points - Apartments. Priority Rates Lenders. 1. Priority. Apartments
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Welcome 2013 Real Estate Economic Forecast
Thank you • Bellwether extends its gratitude to: • Integra Realty Resources • CCIM • Louisville Apartment Association • Home Builder’s Association • Each of You
Financing Points - Apartments • Priority • Rates • Lenders
1. Priority • Apartments • Anchored Retail • Industrial
2. Rates • Floors vs. No Floors • Alternative Investments Comparison
3. Lenders • Agencies • Life Companies • Conduits • Banks • Federal, State & Local Sources
Agency Lenders • Fannie Mae • Freddie Mac • FHA/HUD
Life Companies • Higher Leverage • Lower Leverage • Project Quality • Loan Structure
Conduits • Citi & Goldman (S&P Issue) • Pros & Cons Leverage Rigidity Pricing
Banks • Big/Small Banks • Construction / Term Debt • Recourse • Flexibility
Bellwether Enterprise • No Affiliations, Private Company • 12 Regional Offices • $5 Billion Servicing Portfolio • Sources of Financing: Life Companies, Conduits, Banks, Agency (HUD/FHA, Freddie Mac & Fannie Mae), & Other (LIHTC, Construction, etc.) • Property Types: Multifamily, Retail, Industrial, Office, Hospitality, and Other • Contact: Bill Leffew 502-581-9912 x 1 or 502-727-4159