Closings Underway at Marina Palms Yacht Club & Residences

Neil Fairman

North Miami Beach, FL – Marina Palms Yacht Club & Residences, the first residential and marina development to be constructed in Miami-Dade County in a generation, has begun closing on residences in its north tower.

“For those buyers who envisioned living the luxurious yachting and boating lifestyle, our vision is now a reality,” said Neil Fairman, president of The Plaza Group, whose affiliate is developing the project with The DevStar Group. 

“We’re pleased with how the design, fit and finishes have come together, and we are excited to deliver a remarkable waterfront product and living experience to our buyers.”

“We’re pleased with how the design, fit and finishes have come together, and we are excited to deliver a remarkable waterfront product and living experience to our buyers.”

  

For a complete copy of the company’s news release, please contact;

 Laura Burns

Account Director
lburns@boardroompr.com Office: 954-370-8999 Cell: 617-921-5969

Mortgage Bankers Association Reports Commercial/Multifamily Delinquencies Continue Decline

Jamie Woodwell

ASHINGTON, DC - Delinquency rates for commercial and multifamily mortgage loans continued to decline in the third quarter of 2015, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

“Commercial and multifamily mortgages are performing very well,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

 “Delinquency rates for loans held by life companies, Fannie Mae and Freddie Mac are all hovering near zero.  

"Among loans held by banks, the delinquency rate for multifamily loans is now lower than it has been since the series began in 1993, and the delinquency rate for mortgages backed by other commercial properties is down to levels seen before the most recent recession.”

For a complete copy of the company’s news release, please contact;

Ali Ahmad

aahmad@mba.org

(202) 557-2727