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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.

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MFE Leadership Summit

Join Senior Director Peter Wessel and Director Brian Robertson on the slopes in Vail! Love Funding will be sponsoring MFE’s Leadership Summit March 9-11, 2017 in Vail, CO. Contact Peter or Brian today to set up a meeting to learn more about the many financing solutions available through HUD for your multifamily properties.

IHC Governor’s Housing Conference

Chicago-based Director David Hirsch will be exhibiting at the Illinois Housing Council’s Governor’s Housing Conference March 13-14, 2017. Stop by our booth to discuss your financing needs with Dave.

NIC Spring Conference

Love Funding healthcare finance experts Leonard A. Lucas and Kate Murray will be sponsoring the upcoming NIC Spring Investment Forum March 22-24 in San Diego, CA. Contact us today to schedule a meeting in Love Funding’s meeting room (Cobalt 502B).

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