LURAs: Land Use Restrictive Agreements and the LIHTC Program

LURAs: Land Use Restrictive Agreements and the LIHTC Program

If you’re a multifamily investor/developer interested in using Low Income Housing Tax Credits (LIHTCs) to fund the construction or rehabilitation of a multifamily property, you will need to agree to limit rents for a certain period of time, as well as to abide by other restrictions. All of these stipulations will be put forth in a contract called a Land Use Restrictive Agreement, or LURA.

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What is Defeasance and How Does it Work?

What is Defeasance and How Does it Work?

Defeasance refers to the replacement of the collateral of a loan with securities (generally fixed-rate government bonds) that will offer a lender an equivalent return. In many cases, borrowers will need to purchase U.S. Treasury bonds to conduct defeasance, though other types of government-backed securities may be used in some scenarios.

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Apartment Lender Inspections: What Borrowers Need to Know

Apartment Lender Inspections: What Borrowers Need to Know

If you own a multifamily property that’s slated for an upcoming lender inspection, you might be wondering what to expect— and you may even be anxious that you might fail. Fortunately, lender inspections aren’t rocket science, and, if you’re reasonably prepared, they can often go off without a hitch. In this article, we’ll tell you exactly what to expect from a lender inspection and how to effectively prepare for one. 

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How to Find Apartment Complexes for Sale

How to Find Apartment Complexes for Sale

If you’re reading this article, you probably already know that multifamily investing is an incredible way to build long-term wealth. In fact, there’s a good chance you already own one or more multifamily properties of your own. However, you’re might be struggling when it comes to finding your next investment property. Fortunately, we’ve put together this quick (yet comprehensive) guide to help you find the best property for your individual needs. 

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Due Diligence for Apartment Investing

Due Diligence for Apartment Investing

Before you make the leap and purchase a multifamily property, you’ll need to do some homework first. In multifamily industry, this is referred to as “due diligence,” and often consists of hiring third-party service providers to inspect and/or provide reports on various parts of the property to analyze its suitability as an investment. 

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