Freddie, Fannie Look More Highly in ATL
Another panelist tomorrow morning at the Ritz-Carlton in Buckhead is Centerlines managing director John Beam(left at one of our past events) who will offer insights on multifamily lending by the main agencies in the city. And the summary? Atlanta is a little healthier in Fannie and Freddies eyes. Atlanta, as far as the agencies are concerned, is pretty much a neutral rating for Freddie [Mac], which is good because it used to be negative, John says. So thats why Atlanta continues to be one of the highest investment areas for Freddie. Fannie Mae still has Atlanta as negative, but not as bad as it once was. (Baby step, everyone.) He also says the agencies will give more scrutiny to investments around Stone Mountain and the Southside of Atlanta.
