Multi-Family Housing: Financing Alternatives for an Emerging Market

Analyzing Available Financing Sources for Market and Low-Income Affordable Multi-Family Housing

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, July 25, 2012

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide counsel to developers with an analysis of financing options currently available for multi-family acquisitions, refinancings, rehabilitation and new development. The panel will discuss structuring these projects, qualifying for loans and market trends.

Description

Industry professionals predict multi-family/apartment housing will emerge from the economic downturn as the healthiest real estate product type due to short lease terms, ability to increase rents, and the increase in former homeowners entering the rental market.

Many credit sources are demonstrating a corresponding interest as the economy recovers. Fannie Mae, Freddie Mac and HUD/FHA remain the primary credit sources for multi-family projects. Counsel for borrowers must understand the intricacies of structuring these deals to access funding.

Multi-family projects for low-income affordable housing can qualify for financing utilizing tax credits and tax exempt bonds. Private lending sources are also returning to this market.

Listen as our authoritative panel of practitioners and industry experts discusses the available financing options for multi-family projects, and addresses key considerations in structuring these projects to access funding.

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Outline

  1. Overview of current multi-family financing market
    1. Lending trends and current borrowers
    2. Non governmental financing options
  2. Government-sponsored enterprise (GSE) loans
    1. Fannie Mae
    2. Freddie Mac
  3. HUD/FHA Loan Programs
    1. Construction and Sub Rehab
    2. Acquisition and Refinancing
    3. Market and Affordable
    4. Recent HUD closing document revisions
  4. Other financing options for multi-family low income affordable housing
    1. Bond Financing
    2. Tax Credits

Benefits

The panel will review these and other key questions:

  • What are the current financing opportunities in the multi-family housing market?
  • What are best practices for pursuing financing with emerging credit sources for multi-family developments?
  • What are important considerations for counsel in structuring a multi-family project?
  • How do the recent revisions to the HUD multi-family loan closing documents affect closing these loans?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

La Fonte Nesbitt
La Fonte Nesbitt

Partner
Holland & Knight

He has extensive experience in multifamily housing finance and development, including programs of the Department of...  |  Read More

Fredrick H. Olsen
Fredrick H. Olsen

Partner
Ballard Spahr

He has worked as underwriter’s counsel, trust counsel, bond counsel and credit and liquidity provider’s...  |  Read More

Sheri Stettner
Sheri Stettner
Managing Director
Wells Fargo Bank/Wells Fargo Multifamily Capital

She is the Managing Director at Wells Fargo Multifamily Capital, which sources and originates multifamily loans through...  |  Read More

Ryan R. Warburton
Ryan R. Warburton

Partner
Ballard Spahr

His practice focuses on municipal finance, with emphasis on tax-exempt private activity bonds, including housing,...  |  Read More

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