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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

Illinois Governor’s Conference on Affordable Housing

Chicago-based Director David Hirsch will be attending the 2015 Illinois Governor’s Conference on Affordable Housing April 1-2, 2015 in Chicago, IL. Stop by our booth to meet David and discuss the various financing options available through FHA’s affordable housing finance programs.

NIC Capital & Business Strategies Forum

Love Funding will be sponsoring the 2015 NIC Capital & Business Strategies Forum March 31-April 2 in San Diego, CA. Stop by our meeting room Aqua 311 A (3rd floor) to meet Senior Directors Leonard A. Lucas, Laura Saull-Smith and Bob Smallwood and discuss how we can best serve your seniors housing and healthcare financing needs. Join Len on Tuesday, March […]

Kentucky Affordable Housing Conference

Director Brian Jones will be attending the 2015 Kentucky Affordable Housing Conference April 8-9 in Lexington, KY. Look for Brian at our booth in the expo hall or join him at 10:15 AM on Thursday, April 9 as he speaks on the ‘Creative Financing for Multifamily Projects‘ panel.

WMAC Annual Meeting

Love Funding will be attending the Western Mortgagee Advisory Council Annual Meeting April 13-17 in Denver, CO.

New York State Public Housing Authority Directors Association

Regional Director Bruce P. Gerhart will be exhibiting at the New York State Public Housing Authority Director’s Asociation Conference April 15-16 in Verona, NY. Stop by our booth to discuss Bruce’s extensive experience with HUD’s Rental Assistance Demonstration Program (RAD) and the many affordable housing financing options available through HUD.

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