Le Parc at Brickell, A new era in Brickell living has just arrived!

Le Parc at Brickell
Location: 1600 SW 1st Ave, Miami, FL, United States

Le Parc at Brickell is a 12-story, 128-unit luxury boutique condominium planned by a joint venture between ALTA Developers and Strategic Properties Group in Miami’s upscale Brickell neighborhood. Slated for delivery in 2015, this eco-friendly building boasts a central location just blocks away from Miami’s urban core, with panoramic views of Simpson Park looking out towards Biscayne Bay and the Downtown Miami/ Brickell skyline. Exclusively featuring designs and furnishings inspired by Ligne Roset, Le Parc at Brickell will be home to the internationally-renowned luxury furniture designer’s first residential development project in the United States.


Property Type
•Residential High-rise
•Tourist Destinations


Amenities
• Handicapped accessible
• Concierge
• Security
• Air Conditioning
• Common Areas
• Central Heating
• Game Room
• Laundry Room
• Security System
• Terrace
• Swimming Pool
• Clubhouse
• Closed Circuit
• Elevator
• Gym
• Business Center
• Jacuzzi


Residence Features

European-style kitchen and bathroom cabinetry. Stainless steel appliances package. Imported stone counter tops. Porcelain/glass-enclosed showers. 6-foot-deep private terraces with glass railings. Floors finished throughout the unit. High-impact hurricane windows. Pre-wired for high-speed Internet.


Building Amenities

12-story building with 128 residences: studios, one to three-bedrooms and nine expansive townhomes. Privileged location with unobstructed views of Simpson Park. Elegant double-height lobby and Interior designs by renowned Ligne Roset Gated entry and security key card access inside the building. Pool deck on fourth floor. Roof-top sky lounge with Jacuzzi. Clubroom and state-of-the-art fitness center. Business lounge with conference room Kid’s entertainment room. Pet-friendly environment.

Commercial/Multifamily Mortgage Bankers Originations Up

According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2014 commercial and multifamily mortgage loan originations were 16 percent higher than during the same period last year, and 18 percent higher than the second quarter of 2014.

“Commercial real estate borrowing and lending continued at a strong clip in the third quarter,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Low rates coupled with growth in property incomes, property values and sales transactions have pushed year-to-date commercial and multifamily mortgage originations five percent above last year’s pace.”

Third Quarter 2014 Originations 16 Percent Higher than Third Quarter 2013

The 16 percent overall increase in commercial/multifamily lending volumes, when compared to the third quarter of 2013, was driven by an increase in originations for industrial and multifamily properties. The increase included a 41 percent increase in the dollar volume of loans for multifamily properties, a 22 percent increase for industrial properties, an 11 percent increase for office properties, an 11 percent increase for retail properties, a four percent increase in hotel property loans, and a 43 percent decrease in health care property loans.

Among investor types, the dollar volume of loans originated for Government Sponsored Enterprises (or GSEs – Fannie Mae and Freddie Mac) increased by 118 percent from last year’s third quarter. There was a 47 percent increase for CMBS loans, a one percent increase for life insurance company loans, and a 16 percent decrease in dollar volume for commercial bank portfolio loans.

Third Quarter 2014 Originations Up 18 Percent from Second Quarter 2014

Third quarter 2014 commercial and multifamily mortgage originations were 18 percent higher than in the second quarter. Compared to the second quarter of 2014, third quarter originations for office properties increased 43 percent. There was a 31 percent increase in originations for multifamily properties, a 19 percent increase for industrial properties, a seven percent increase for retail properties, an 11 percent decrease for hotel properties, and a 24 percent decrease for health care properties from the second quarter.

Among investor types, between the second and third quarters of 2014, the dollar volume of loans for GSEs increased 57 percent, loans for CMBS increased 10 percent, originations for life insurance companies increased 9 percent, and loans for commercial bank portfolios decreased by seven percent.

Year-to-Date 2014 Originations Five Percent Higher than Year-to-Date 2013

Commercial and multifamily mortgage origination volumes year-to-date 2014 were five percent higher than originations during year-to-date 2013. Compared to year-to-date 2013, originations for industrial properties increased 29 percent. There was a 27 percent increase for hotel properties, a six percent increase for office properties, a four percent increase for multifamily properties, a two percent decrease for health care properties, and a six percent decrease for retail properties.

Among investor types, year-to-date 2014 versus year-to-date 2013, loans for CMBS increased 28 percent, loans for commercial bank portfolios increased in 14 percent, originations for GSEs increased three percent, and loans for life insurance companies decreased one percent year-to-date 2014 versus year-to-date 2013.

Interest In US Real Estate Market Continues to See an Increase

Tremendous Opportunities Exist in the International Real Estate Marketplace.
With sales to international buyers reaching a record $92.2 billion last year, there are growing opportunities to obtain international clients.


Please click on this link to view the Housing Trends October 2014 Newsletter:
http://Lazaro.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is also filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, community reports that map shopping, schools, recreation and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://Lazaro.housingtrendsenewsletter.com/homeworth.cfm

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Lazaro Lopez, PA
Fortune International Realty
1390 Brickell Avenue Suite 104 Miami FL 33133
305-400-6393 | 786-525-9430
Lazaro@fir.com

Mortgage Rates Up Slightly, Still Remain Below 4%

After dropping to their lowest levels in more than a year, mortgage rates rebounded this week but still remain below 4%.

Some mortgage experts say that trend may not last and recommend locking in over the next week—before the October employment report is released.

“The end of QE3 was baked into the rate cake, so there won’t be much effect on mortgage rates,” said Holden Lewis, assistant managing editor of Bankrate.com, which surveys experts in the mortgage industry to see if mortgage rates will rise, fall or remain relatively unchanged. “I recommend locking before the morning of Nov. 7, when the October employment report is released.”

The average for a 30-year fixed-rate mortgage rose to 3.98% from 3.92% last week, according to the latest survey from mortgage buyer Freddie Mac. A year ago at this time, the 30-year average was 4.10%.

The average rate on a 15-year fixed loan also rose this week, inching up to 3.13% from 3.08% last week. It averaged 3.20% at this time a year ago.

Similarly, averages for the two most popular hybrid adjustable-rate mortgages edged up slightly. The five-year ARM rose to 2.94% this week, from 2.91% last week. A year ago, it averaged 2.96%.

The one-year ARM average is trending at 2.43% this week, up from 2.41% last week. It was at 2.51% at this time last year.

“Mortgage rates grew across the board this week, rebounding from the lowest rates of the year,” Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement. “New home sales grew at an annual rate of 467,000 sales in September, the fastest rate observed during the recovery. Meanwhile, the National S&P Case-Shiller House Price Index grew at a seasonally adjusted annual rate of 0.4% in August.”

Rates fell this year after rising at the end of 2013, when the Federal Reserve announced it would begin to curb its bond-buying stimulus program. The program has helped offset dramatic gains in real estate prices and kept affordability elevated while the market has stabilized.

In the latest Mortgage Rate Trend Index by Bankrate.com, 55% of the loan analysts polled believe mortgage rates will continue to hover around their current levels, while 36% predict rates will increase.

“Fed says fed funds rate to remain low for considerable time period. Fed sees labor market improvement. It’s official. The Fed ends QE3,” said Shaun Guerrero, sales manager for Fairway Independent Mortgage in Silverdale, WA. “I see rates finally starting to climb toward the upper 4s by the end of the year … unless the rumors QE4 start to ramp up. Lock your rates if you can.”

Ref: http://www.realtor.com/news/mortgage-rates-ramp-remain-4/