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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

Western Regional Trustee Symposium

Senior Director of Hospital Finance Steven Hunt will be exhibiting at the Western Regional Trustee Symposium June 8-10, 2016 in Phoenix, AZ. Learn more about our hospital finance programs here or contact Steve today to schedule a meeting at the symposium.

NCSHA Housing Credit Connect

Director David Opalek will be attending NCSHA’s Housing Credit Connect Conference June 13-16, 2016 in Seattle, WA. Look for Dave there to discuss your financing needs.

PHFA Affordable Housing Conference

Join Director David Opalek at PHFA’s Multifamily Affordable Housing Conference June 22-24, 2016 in King of Prussia, PA. Learn more about our affordable housing finance programs here.

2016 NAA Education Conference & Expo

Senior Director Robyn Cunningham and Director Adrian Hartman will be exhibiting at the 2016 NAA Education Conference & Expo June 15-18 in San Francisco, CA. Contact us today to schedule a meeting at NAA or stop by booth #1207 to discuss your property’s financing needs. Learn more here.

NYSHFA/NYSCAL 67th Annual Convention

Senior Director Leonard Lucas and Director Matthew Meskill will be exhibiting at the NYSHFA/NYSCAL Annual Convention June 26-29, 2016 in Bolton Landing, NY. Stop by our booth to learn about the many financing options available through HUD’s finance programs as well as Love Funding’s bridge loan platform.

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