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Recovery of Commercial Property Fueled by Apartments: Mortgages

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.

Calendar

PHADA Annual Convention & Exposition

Regional Director Bruce P. Gerhart will be attending the Public Housing Authorities Directors Association Annual Convention & Exposition May 3-6, 2015 in San Francisco, CA. Stop by booth #413 to discuss your financing needs with Bruce.

AHCA Multifacility CEO Leadership Conference

Senior Director Leonard A. Lucas will be attending AHCA’s Multifacility CEO Leadership Conference April 29-May 1, 2015 in Orlando, FL. Contact Len today to set up a meeting at the conference or for more information on how we can best serve your healthcare facility’s financing needs.

SCHCA Annual Trade Show & Convention

Director Kenneth Charbauski will be exhibiting at the 2015 South Carolina Healthcare Association Trade Show & Convention April 26-29, 2015 in Myrtle Beach, SC. Stop by booth #503 to discuss your healthcare facility’s financing needs with Ken.

Building Michigan Communities Conference

Midwest Regional Director Bruce P. Gerhart will be speaking at the Building Michigan Communities Conference April 27-29, 2015 in Lansing, MI. Bruce will be speaking on a panel entitled, ‘Recapitalization and What This Means for Properties’. Look for Bruce and his team on-site to discuss your affordable housing financing needs.

OHCA Long Term Care Convention & Expo

Senior Director Robert L. Smallwood and Director Brian Jones will be attending the Ohio Healthcare Association’s Long Term Care Convention & Expo April 27-30, 2015 in Columbus, OH. Join us at booth #602 to learn about the many financing options available through HUD’s healthcare finance programs.

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