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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.


AHCA/NCAL Annual Convention

Join our healthcare finance experts at the AHCA/NCAL Annual Convention October 4-7, 2015 in San Antonio, TX. Senior Directors Leonard A. Lucas, Laura Saull-Smith and Robert L. Smallwood will be at booth #610 to discuss your facility’s financing needs. Contact us today to set up a meeting with one of our experts at the conference.

Multifamily Executive Conference

Senior Director Robyn Cunningham and Directors Adrian Hartman and Brian Robertson will be attending the Multifamily Executive Conference October 5-7, 2015 in Las Vegas, NV. Our team of multifamily finance experts will be at booth #306 to discus your financing needs.

NAHRO National Conference

Join Director David Opalek at the NAHRO National Conference & Exhibition October 15-17 in Los Angeles, CA. David will be at booth #214 throughout the conference to answer all of your affordable housing finance questions.

VA Housing Credit Conference

Love Funding will be sponsoring the 2015 Virginia Housing Credit Conference October 8-9 in Richmond, VA. Look for our Virginia-based Director Ann Bolen at the conference to learn how we can best serve your financing needs.

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