Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

InvestmentsMortgageReal Estate

Greystar initiates funding for $500 million debt fund

The new fund will focus on acquiring debt issued by GSEs

Greystar Real Estate Partners, a global multifamily company, launched funding for Greystar Partners, a $500 million debt fund focused on acquiring subordinated and securitized debt issued by the government sponsored enterprises, Fannie Mae and Freddie Mac.

“The formation of Greystar Credit Partners is a logical progression for us. Greystar Founder and CEO Bob Faith said in a statement.

“Our principal business is utilizing our global rental housing platform to provide services and invest alongside our partners and clients. We are driven to explore new avenues where we can positively leverage our extensive operating expertise and scale,” he added.

Greystar appointed Managing Director Brett Lashley to oversee Greystar Credit Partners’ investment activity. Lashley has more than 20 years of industry experience and prior to joining Greystar in 2009, he worked was managing director and COO at ORIX Finance. Before that, he was with Bear Stearns & Co. in fixed income sales.

“Our vertically-integrated rental housing platform, together with our intimate knowledge of the origination and underwriting guidelines utilized by the GSEs, positions us well to invest in the most subordinate part of the capital structure,” Lashley said in a statement.

“We’ve been diligent about building a platform that allows us to quickly distill actionable data from very local markets around the country. And we like the risk/return metrics these instruments make available, particularly when our internal data provides the appropriate guidance. We’ll be patient stewards of this capital and look forward to successfully advancing our investment strategy when the right opportunities present themselves.”

Most Popular Articles

FHFA: Government to back mortgages up to $970,800 in 2022

The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit is $970,800.

Nov 30, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please