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Recovery of Commercial Property Fueled by Apartments: Mortgages - Love Funding

Demand for U.S. apartment buildings is surging as the homeownership rate hovers near the lowest level since 1998 and government-supported mortgage companies provide record levels of financing for apartment properties. That’s fueling a rush by investors to buy buildings and helping lenders recover 75 percent of the value of defaulted mortgages tied to multifamily housing, the highest recovery rate on all commercial property.

Sales of U.S. apartment properties totaled $3.8 billion in January, a 53 percent increase from the same month a year earlier, the strongest start to the year compared with offices, and shopping centers, according to Real Capital Analytics Inc., a New York-based commercial property data firm.

The above is an excerpt from “Recovery of Commercial Property Fueled by Apartments: Mortgages” by Oshrat Carmiel. Read the full article on Bloomberg.


68th Annual HCANJ Convention & Expo

Join Love Funding Senior Director Laura Saull-Smith and Director Ann Bolen at booth #226 during the upcoming Healthcare Association of NJ Annual Convention & Expo. The event will be held November 1-3, 2016 in Atlantic City, NJ.

AHF Live

Love Funding’s affordable housing finance experts will be sponsoring the upcoming AHF Live Conference November 15-17, 2016 in Chicago, IL. Contact us today to schedule a meeting in our private meeting room located across from the exhibit hall on-site. Bruce P. Gerhart | Regional Director Holly Bray | Senior Director David Hirsch | Director David Opalek […]

Ohio Housing Conference

Columbus-based Director David Opalek will be exhibiting at the Ohio Housing Finance Agency’s Ohio Housing Conference November 8-10, 2016. Stop by our booth in the expo hall to learn more about the many financing options available through HUD’s affordable housing finance programs.

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