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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

Critical Access Hospital Conference

Senior Director of Hospital Finance Steven Hunt will be attending the Critical Access Hospital Conference June 3-4 in Kansas City, MO. Look for Steve there to discuss you hospital’s financing needs.

NCSHA Housing Credit Connect

Senior Director James Vanar and Director Brian Jones will be exhibiting at the National Council of State Housing Agencies’ (NCSHA) 2015 Housing Credit Connect Conference June 1-4 in Los Angeles, CA. Stop by booth #27 to meet our affordable housing finance experts and discuss how we can best serve your financing needs.

Interface Seniors Housing Midwest

Director David Hirsch will be attending the Interface Seniors Housing Midwest Conference June 11 in Chicago, IL.

19th Annual Western Regional Trustee Symposium

Senior Director of Hospital Finance Steven Hunt will be attending the Western Regional Trustee Symposium June 10-12 in Sun Valley, ID. Stop by our booth to meet Steve and discuss how we can best serve your hospital’s financing needs.

AHF Live Forum

Senior Directors Holly Bray and Laura Saull-Smith along with Director Ann Bolen will be attending the AHF Live Forum June 10-12 in Washington, DC. Stop by our booth to meet our team of affordable housing finance experts and discuss your financing needs.

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