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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.

Calendar

FHCA Annual Conference & Tradeshow

Love Funding Director Kate Murray will be sponsoring the Florida Healthcare Association Annual Conference & Tradeshow August 7-11, 2016 in Orlando, FL. Contact Kate today to learn more about HUD’s healthcare finance programs or to schedule a meeting on-site.

Indiana Housing Conference

Director Dave Opalek will be exhibiting at the Indiana Housing Conference August 25-26, 2016 in Indianapolis, IN. Stop by our booth to discuss your property’s financing needs with Dave.

CREJ Land & Development Conference

Denver-based Senior Director Peter Wessel will be attending the Colorado Real Estate Journal’s Land & Development Conference August 23, 2016 in Denver, CO. Learn more about Peter’s construction financing experience in Colorado here or contact Peter today to discuss your financing needs.

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