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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

NAHC Annual Meeting

Senior Director Hugh Jeffers will be speaking on a panel at the National Association of Housing Cooperatives’ 54th Annual Conference October 15-18 in St. Thomas, USVI. Hugh will be speaking during two educational sessions. The first on October 16 at 3:45 entitled, ‘Financial Tools for Cooperatives’ and the second, a panel on cooperative funding, will […]

NCSHA Annual Conference & Showplace

Love Funding Senior Director Laura Saull-Smith and Director Ann Bolen will be attending the National Council of State Housing Agencies’ Annual Conference & Showplace October 18-21 in Boston, MA.  Stop by booth #25 to discuss your affordable housing financing needs.

CREJ Multifamily Development & Investment Conference

Senior Director Peter Wessel will be exhibiting at the Colorado Real Estate Journal’s Multifamily Development & Investment Conference October 21 in Englewood, CO. Peter will be on hand to discuss the many financing options available through FHA’s multifamily programs. 

NYSAFAH Upstate

Director Christopher Schilling will be attending the New York State Association for Affordable Housing Upstate Conference October 22 in Verona, NY. Stop by the Love Funding booth to meet our affordable housing finance team and discuss your financing needs.

MAHC Annual Meeting

Senior Director Holly Bray will be attending the Maryland Affordable Housing Coalition Annual Meeting on October 27, 2014 in Baltimore, MD.

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