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Lesson Tag: MF301TX-BR
Identity Verification Live – MF321DC-BR
You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.
Identity Verification Live
You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.
Identity Verification Live
You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number to take the final exam.
New Legislative Initiatives with NMHC in June Part 2
Video Time: 2 minutes
Overview of previous and current legislation.
Liability protection for COVID related lawsuits
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Rental Payment Tracking, May 2020
Video Time: 4 minutes
What are forbearance requests looking like?
Requests have been fairly consistent across the board. Instructors believe it is temporary. Most of the borrowers are coming with good intentions but are looking for some help.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
New Legislative Initiatives with NMHC in June Part 1
Video Time: 2 minutes
Are there any new legislative initiatives that NMHC is working right now?
NMHC is working to make changes to the CARES Act so that owners and servicers are not caught in the middle. Working on a $100 billion package from the government that will go to both renters and owners. A lot of stress is building at the bottom end of the marketplace.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Buying & Selling Opportunities
Video Time: 2:13 minutes
Is there an opportunity right now for buying and selling?
There is a bid-ask gap in the market right now as of June. Very few trades have been made post-COVID so it’s hard to get a range of pricing right now relative to pre-COVID values. How much of a value hit have properties taken?
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
COVID-19’s Impact on Pricing, June 2020
Video Time: 2 minutes
The impact of COVID 19 regarding pricing and impact of client’s choices.
Everyone is out there hunting for a good discount. There has been a lot of activity in the private client space of around $25 million and under. Those type of transactions are still happening and less discounted than expected. There has been a big pickup in refinancing activity.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
The Outlook for Multifamily Going Forward
Video Time: 3:38 minutes
What is the overall outlook for multifamily going forward?
There is a bid-ask gap in the market right now as of June. Very few trades have been made post-COVID so it’s hard to get a range of pricing right now relative to pre-COVID values. How much of a value hit have properties taken?
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Developer & Owner Perspective
Video Time: 5 minutes
What are developers and owners saying about different markets?
What is going on as far as people putting properties on the market? There is no broad trend and it’s really a case by case basis. There is no large discount for getting into multifamily If consumers preferred renting to begin with and we are in a recession, the outlook for multifamily looks strong 3-5 years out. In the pandemic-driven recession people have been eating through resources and it makes it harder for people to buy single-family houses. Bibby: “multifamily has one of the strongest outlooks of any property sector aside from industrial.”
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
COVID Affecting Multifamily
Video Time: 2 minutes
How COVID is affecting the Multifamily industry.
Everyone is out there hunting for a good discount. There has been a lot of activity in the private client space of around $25 million and under. Those type of transactions are still happening and less discounted than expected. There has been a big pickup in refinancing activity.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Lending Update – June
Video Time: 5 minutes
What types of loans are instructors seeing right now for June?
Those that started projects in 2019 are proceeding but there has been a crunching halt on new construction at least for the next 60 days as of May. There are still plenty of questions out there as of May Most developers are holding back to see how this shakes out. Before we entered this pandemic we were seeing softness in the class A space with class B and C apartments seeing high demand. So there are a lot of questions surrounding the A space right now. We are seeing private investors step up right now because they can acquire properties they couldn’t before.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Lending Update – May
Video Time: 2 minutes
What types of loans are instructors seeing right now?
Forbearance seems to have slowed down
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Impact of State Reopenings on Capital Markets
Video Time: 1:26 Minutes
Instructors share capital markets outlook as market openings roll out.
Anyone that has a longer hold period is taking advantage of lower rates. On the flip side, some buyers are looking for flexibility. There’s not a lot of new loan products yet.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Transaction Volume in Reopening States
Video Time: 6:30 minutes
Has there been an uptick in transactions in the states that have reopened?
Certain markets like Texas and others in the south are primed for quicker rebound. However, rental demand has still gone down even in markets that are reopened.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
A Lending Perspective
Video Time: 3 Minutes
This section covers what these numbers mean from a lending perspective.
In May there were no reliable metrics. The physical restraints of not being able to meet face to face with clients is affecting transaction volume. The amount of capital on the sidelines is immense. There is a lot of interest in acquiring assets.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Portfolio Characteristics
Video Time: 3 minutes
What characteristics have other instructors seen in their portfolios through June?
Things were better than anticipated in April and May. Concern for the months ahead abounds. How long will it take for the jobs to come back?
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
Rental Payments
Video Time: 1:50 minutes
Are Rents Beings Paid?
Most of the discord has been coming from non-professionally managed rental properties.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.
The Impact of Management Style on Collection History
Video Time: 2 minutes
Has there been a difference in collection histories because of different styles of management?
David Schwartz’s Waterton Multifamily Portfolio has seen similar numbers to NMHC. Enhanced unemployment benefits have allowed people to stay in their homes. If it is not renewed in July it could send ripples through the industry.
When the video ends, a quiz will appear below. Take the quiz to proceed to the next lesson.