Multifamily

Hey students, can you afford to live here?

RentCafé lists the most affordable rental markets for students
Student renters are suffocating under more than $1.5 trillion worth of student loan debt. In order to determine which rental markets offer them the most affordable prices, RentCafé compiled a list of the 100 most affordable metros near universities. Find out which campuses made the top 5.
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Kushner Companies buys $1.1 billion in multifamily real estate

Berkadia provided Kushner with nearly $800 million to finance the portfolio
Kushner Companies, the family real estate company of White House Senior Advisor Jared Kushner, is significantly expanding its multifamily portfolio thanks to the help of Berkadia Commercial Mortgage. This week, the real estate company closed on its $1.1 billion portfolio through financing provided from Warren Buffet's commercial lending company.
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Top U.S. landlord charged with running Ponzi scheme in massive multifamily mortgage fraud probe

DOJ and SEC file multiple charges against Robert Morgan for multimillion-dollar scam
Robert Morgan, one of the largest landlords in the country, was hit with multiple charges this week by both the DOJ and the SEC for allegedly running a Ponzi-type scheme that involves shuffling around money from investors and falsifying loan documents. The charges are the culmination of a cross-agency investigation into a massive multifamily mortgage fraud scheme that raises serious questions about GSE regulations for multifamily financing.
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LeaseLock unveils security deposit alternative that lets renters pay a monthly fee instead

Partners with Boost Insurance to offer alternative to security deposit
The push to move past the traditional security deposit is about to take a step forward thanks to a new product that lets renters pay a monthly fee instead of providing a month's worth of rent upfront. LeaseLock Insurance Services is partnering with Boost Insurance to offer a program called "LeaseLock Zero Deposit," which replaces the upfront security deposit with a monthly charge that renters pay as part of their rent payment.
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Freddie Mac expands its multifamily executive team

The GSE appoints 4 vice presidents to lead its multifamily channel
Freddie Mac recently announced it expanded its multifamily mortgage banking team, appointing Geri Borger Urgo, Catherine Evans, Michael Case and Amanda Nunnink to newly expanded VP positions. Freddie Mac Multifamily Executive Vice President Debby Jenkins says its essential to identify and develop skilled leaders as the GSE continues to transform its business.
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The We Company launches real estate acquisition, management platform

ARK will initially deploy $2.9 billion in total equity capital
The We Company, the parent of shared workspace provider WeWork, announced this week it launched a global real estate acquisition and management platform, ARK. So, instead of paying to rent out space in existing buildings, then turning around and renting that space back out via its co-working spaces, The We Company will use ARK to cut out the middleman and become its own landlord.
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