🚧 D.C. Distress Drives Deals
Unlock opportunities in capital’s crisis
Multifamily commercial loan obligations are facing quite a hurdle.
Rapid interest rate hikes have turned the tables, making it tough for apartment flippers who tried to make a quick buck.
They have been left with falling apartment values, rising costs, and a sharp increase in property insurance.
It's a tough spot, especially when rent growth is slowing down at the same time.
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Over in Washington D.C., new multifamily buildings face similar struggles with escalating construction costs, yet some developers see a silver lining in these distressed properties.
Amidst these challenges, homeowners are desperately securing HELOCs as mortgage delinquencies rise.
Meanwhile, cities like Troy, New York, are capitalizing on this by auctioning off foreclosed properties.
In this edition of the AltReports:
🔻CLO Crisis
💸 Construction Crunch
🔒 HELOC Havoc
🔨 Auction Action
🚀 Price Propulsion
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Podcast of the Week: David's Journey From Ex-Marine to Self-Made Millionaire
Multifamily CLO Distress Is Spiking, And Apartment Flippers Are In The Line Of Fire
The multifamily commercial loan obligation (CLO) market is currently throwing a massive tantrum.
Rapid interest rate hikes are dragging down apartment values and ballooning operating costs, leaving short-term flippers in quite a pickle.
Those flippers are now stuck with diminishing rent growth and skyrocketing property insurance.
Why New D.C. Multifamily Buildings Are Falling Into Financial Distress
The new apartment buildings in town were supposed to rise and shine, but instead, they’re stumbling under the weight of ever-soaring construction costs.
Developers, who had dreams of grandeur during better economic times, now find themselves in a financial chokehold, struggling to find friendly capital.
However, some crafty developers are spinning the narrative, eyeing distressed properties as their next big break.
Here Come the HELOCs: Mortgage Debt, Delinquencies, and Foreclosures
Homeowners are frantically signing up for HELOCs like it's Black Friday.
Mortgage debt is ballooning, and delinquencies and foreclosures are making a less-than-welcome comeback.
Interest rates are sky-high, and economic uncertainty is the villain everyone loves to hate.
Troy Accepting Bids for City-Owned Foreclosed Properties
The city of Troy, New York, is rolling out the red carpet for its latest blockbuster event: a bidding war on city-owned foreclosed properties.
With a diverse lineup featuring everything from cozy homes to ambitious commercial plots, the city is setting the stage for a revitalization rave.
Buyers, both local and from afar, are invited to throw their hats (and cash) into the ring, with the hopes of transforming these properties from zeroes to heroes.
Opportunity Zone Home Prices Continue Riding Wave of Gains During Q2
If real estate were a rocket ship, Opportunity Zones during Q2 were blasting off while the rest of the market sputtered.
Nearly half of these zones saw median home prices climb higher than a cat on a hot tin roof, outpacing the national average and showing off their economic muscle.
The rental market within these zones is flexing too, with rents climbing and vacancy rates plummeting.