Commercial Real Estate and the Bailout: A Little Help
Although initially it appeared to overlook the Commercial Real Estate Industry, it appears that the ever deepening economic bailout could be reaching more deeply.
Recently plans were shared that a sub-sector of commercial real estate, multi-family housing, could see some trickle down from the Feds efforts to buoy a shaky economy.
The decision to use $100 billion dollars to purchase debt issued by Fannie, Freddie and the Federal Home Loan Banks will affect the multi-family housing sector by infusing some much needed capital into the market for single family and multi-family purchasers alike.
Thought it is not known how immediate the affect will be or how much overall impact it will have, rates will be reduced according to David Cardwell of the National Multi-Family Housing Counsel.
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